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Milford Mining Company Utah secures $25 million in USDA-backed financing to expand its mining operations in Utah, creating approximately 100 new jobs.
PRIVATESep 09, 2026•about 2 hours ago
Amount Raised
$25 Million
Round Type
Grant
UtahMiningPrecious MetalsMineralMining Technology
Description
Milford Mining Company Utah has announced a conditional commitment from the U.S. Department of Agriculture for $25 million in financing. The funds will be used to invest in the company's mining and processing operations. This expansion is expected to double the company's copper throughput
Company Information
Company
Milford Mining Company Utah
Location
Utah, United States
About
Milford Mining Company Utah (MMCU) is an established copper producer operating a fully permitted mining and processing facility. The company is focused on expanding its operations to enhance domestic critical minerals supply, including copper and precious metals such as tungsten and antimony. MMCU possesses significant untapped exploration potential across its 62,000-acre property. The company aims to create economic opportunities and support long-term growth in rural Utah through its investments.
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UtahMiningPrecious MetalsMineralMining Technology