Greater Yellowstone Coalition announces bid to buy gold mine on Yellowstone’s north border
In an ambitious and time-constrained fundraising effort, the Greater Yellowstone Coalition announced Thursday it needs to raise more than $2.5 million by Oct. 1 to purchase a gold mine on Yellowstone National Park’s northern border.
The group signed a buy-sell agreement with Crevice Mining Group LLC in October 2021 and then spent months conducting due diligence, said Scott Christensen, GYC’s executive director. Since the effort was green-lighted, GYC has raised $3.74 million from donors toward the $6.25 million purchase price. Under the agreement, GYC would purchase the mineral rights, leases and claims to 1,368 acres.
“Given the significant threat this mine presents to Yellowstone National Park and its resources, we worked diligently to negotiate an agreement with the mining company that provides a win-win outcome,” Christensen said in a statement. “We simply cannot risk a gold mine being developed on the boundary of the park and this approach will protect these critical lands, the Yellowstone River, and the local community, while allowing the company to walk away. This is a big lift for GYC, and we know we cannot fail.”
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