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BARAGA — A $5.2 million federal grant will help fund high-grade nickel and copper exploration at the LM Property in the western Upper Peninsula.
Trans Superior Resources, a Michigan-based subsidiary for Canadian company Bitterroot Resources Ltd, received U.S. Department of War funding available through the Defense Production Act Title II program, according to a news release from InvestUP.
The funding will help Trans Superior Resources with exploratory drilling, geophysical and geochemical surveys, permitting and other work in the Baraga Basin, a mineral-rich area spanning across Baraga and Marquette counties that has the only nickel mine in the United States, Talon Metal's Eagle Mine.
Exploration drilling is expected to continue through 2028, with Bitterroot Resources planning to use local geologists and contractors for drilling and access road work.
The funding comes as the western Upper Peninsula is seeing renewed attention around its mineral resources, from continued activity at Eagle Mine to Copperwood Mine to White Pine Copper and new exploration across the region, InvestUP states in the news release.
Bitterroot Resources Ltd CEO Michael Carr said in a company news release "The non-dilutive funds will reduce our cost of capital and allow the LM Project partners to finance and resume an aggressive drilling program on the highly prospective LM magma conduit."