Bayan Mining Sells Nevada Gold Project to Sun Silver for $800k

For Sun Silver, the acquisition adds 116 claims covering 10 square kilometers to its regional landholding. It secures continuous control of the northwest extension of the Maverick silver project, which holds an inferred resource of roughly 237 million tonnes at 71 grams per tonne silver equivalent.

"The acquisition and additional claim staking provide Sun Silver with control of a highly prospective corridor that has emerged through our evolving geological understanding and remains largely untested," Sun Silver managing director Andrew Dornan said. "With our 2026 drill program ongoing and assay results expected shortly, we believe the company is well positioned to continue demonstrating the broader scale potential of the Maverick silver project."

Bayan CEO Nathan Kong called Sun Silver the obvious candidate to take over Bayan Springs North. "This project is highly complementary to Sun Silver's existing landholding, which makes it the logical owner to advance exploration in the district and allows us to maintain exposure to any future discovery success without committing additional capital," he said.

Bayan intends to commercialise the Colorado School of Mines technologies across its own assets, third-party rare earth resources, and defence applications. The company aims to build a vertically integrated rare earths supply chain for US national security and defence manufacturing, Kong said.