- It will also be used to advance the adjacent Southwest Open Pit copper project
- The transaction was completed in Q2 of 2025
- Kinterra expects Pumpkin Hollow to restart copper production within 24 months
Kinterra Capital has announced the completion of a $80 million strategic equity financing in Pumpkin Hollow Copper Mine, led by Lionhead.
The proceeds from the financing, completed in Q2 of 2025, will be used to support the restart of the Pumpkin Hollow underground mine and to advance the adjacent Southwest Open Pit copper project toward construction readiness, according to a release.
“Kinterra’s restart of Pumpkin Hollow and the advancement of the Southwest Open Pit are pivotal milestones for our large and growing US copper portfolio and for US copper supply chains,” said Cheryl Brandon, co-managing partner at Kinterra, in a statement. “Within the next 24 months, we expect to have a producing and cash flow generating underground copper mine and a shovel-ready open pit, all in Nevada.
“On an annualized basis, these two assets have the potential to supply approximately 228 million pounds of copper per year, which represents roughly 5-6 percent of current US copper demand. Kinterra, Lionhead and our partners are positioned to deliver domestically sourced copper that is essential for energy security, advanced manufacturing, artificial intelligence, and national defense.”
Kinterra expects Pumpkin Hollow to restart copper production within 24 months.
Kinterra acquired the Pumpkin Hollow Copper project in October.
Pumpkin Hollow project hosts an estimated 1.7 billion pounds of copper resources, is fully permitted and carries no debt or stream obligations.
