Pakistani firm Himalayan Earth Exploration (HEE) and US-listed Nova Minerals have joined forces to develop Pakistan’s critical minerals, including gold, copper, lithium, and rare earths. The partnership will focus on exploration, mining, local processing, and trading, creating new opportunities for the country’s mineral sector.
The joint venture starts with an initial $100 million US investment, with further funding planned as projects move from exploration to active mining and processing. Officials say this will generate skilled jobs, promote local expertise, and add value to Pakistan’s mineral resources.
HEE, a part of the Chinar and Gohar construction groups, is already leading several projects in Khyber Pakhtunkhwa, including a 35-square-kilometer gold exploration site and a proposed 111-kilometer mineral corridor. Nova Minerals brings experience in gold, antimony, and critical minerals from its NASDAQ and ASX-listed operations.
Finance Adviser Khurram Schehzad said the partnership signals Pakistan’s readiness to attract serious mineral investment. He added that critical minerals could be a game changer, boosting high-value exports, creating skilled jobs, and supporting advanced technology industries.
Related stories:
