Kinterra Capital Secures Funding to Restart Pumpkin Hollow Copper Mine in Nevada
On November 4, 2025, Kinterra Capital Corp., alongside its subsidiary, Southwest Critical Materials LLC, announced a significant milestone in their operations by receiving a Non-Binding Letter of Interest from the Export-Import Bank of the United States (EXIM). This letter indicates potential debt financing of up to $200 million as part of EXIM's Make More in America Initiative, aimed at enhancing domestic production capabilities.
The financing includes $180 million dedicated to fully restart the Pumpkin Hollow underground copper mine and an additional $20 million allocated to facilitate various technical advancements concerning the Southwest Open Pit project. Ian McMullan, Project Director for Pumpkin Hollow, expressed optimism about the funding stating, "With EXIM's support, the restart of Pumpkin Hollow is now fully financed." This venture emphasizes the importance of copper, a critical material significant for the national economy and security, particularly as the U.S. imports about 40–45% of its copper consumption.
Kinterra focuses on mitigating geopolitical risks in the supply chain for critical materials, thereby contributing to greater industrial and economic security while generating local employment opportunities. Laura Fernandez, Partner at Kinterra, praised the strong partnership with the U.S. government and the potential for enhanced support and flexible financing terms under EXIM’s 2019 Reauthorization Act.
The impending restart of Pumpkin Hollow is set to add approximately 60 million pounds of copper to the domestic market, slated for the second quarter of 2026. Kinterra further assures stakeholders that the project is fully financed, permitted, and devoid of any debt or stream obligations—promising a robust foundation for operations. Moreover, the company has rolled out a comprehensive technical de-risking program, encompassing over 60,000 meters of legacy drill core re-logging, which aids in establishing an updated resource model.
With a skilled site team directed by experienced leadership, particularly Ian McMullan, who brings over 30 years of underground mining experience, the company aims for operational efficiency and safety. The infrastructure already existing at Pumpkin Hollow, valued at more than $1 billion, further bolsters their plan to bring operations back online expeditiously.
In tandem with Pumpkin Hollow, Kinterra has plans to finalize a Feasibility Study for the Southwest Open Pit project, which is also funded and fully permitted for a final investment decision. Previous analyses indicate this project holds around 3.6 billion pounds of copper and has a projected mine life of 20 years. To lead this initiative, Kinterra appointed Christopher Schauffele, a seasoned mining executive with experience in both underground and open-pit operations.
Kinterra Capital continues to advance its mission as a private equity firm that invests strategically in mining operations, emphasizing sustainable, strong supply chains that bolster U.S. industrial competitiveness. With nearly two decades of experience in mining investments, Kinterra aims not merely to achieve financial success but also to create substantial benefits for the communities through which it operates.
For further information about Kinterra Capital and its initiatives, visit their official website.
The financing includes $180 million dedicated to fully restart the Pumpkin Hollow underground copper mine and an additional $20 million allocated to facilitate various technical advancements concerning the Southwest Open Pit project. Ian McMullan, Project Director for Pumpkin Hollow, expressed optimism about the funding stating, "With EXIM's support, the restart of Pumpkin Hollow is now fully financed." This venture emphasizes the importance of copper, a critical material significant for the national economy and security, particularly as the U.S. imports about 40–45% of its copper consumption.
Kinterra focuses on mitigating geopolitical risks in the supply chain for critical materials, thereby contributing to greater industrial and economic security while generating local employment opportunities. Laura Fernandez, Partner at Kinterra, praised the strong partnership with the U.S. government and the potential for enhanced support and flexible financing terms under EXIM’s 2019 Reauthorization Act.
The impending restart of Pumpkin Hollow is set to add approximately 60 million pounds of copper to the domestic market, slated for the second quarter of 2026. Kinterra further assures stakeholders that the project is fully financed, permitted, and devoid of any debt or stream obligations—promising a robust foundation for operations. Moreover, the company has rolled out a comprehensive technical de-risking program, encompassing over 60,000 meters of legacy drill core re-logging, which aids in establishing an updated resource model.
With a skilled site team directed by experienced leadership, particularly Ian McMullan, who brings over 30 years of underground mining experience, the company aims for operational efficiency and safety. The infrastructure already existing at Pumpkin Hollow, valued at more than $1 billion, further bolsters their plan to bring operations back online expeditiously.
In tandem with Pumpkin Hollow, Kinterra has plans to finalize a Feasibility Study for the Southwest Open Pit project, which is also funded and fully permitted for a final investment decision. Previous analyses indicate this project holds around 3.6 billion pounds of copper and has a projected mine life of 20 years. To lead this initiative, Kinterra appointed Christopher Schauffele, a seasoned mining executive with experience in both underground and open-pit operations.
Kinterra Capital continues to advance its mission as a private equity firm that invests strategically in mining operations, emphasizing sustainable, strong supply chains that bolster U.S. industrial competitiveness. With nearly two decades of experience in mining investments, Kinterra aims not merely to achieve financial success but also to create substantial benefits for the communities through which it operates.
For further information about Kinterra Capital and its initiatives, visit their official website.
Topics General Business）
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