Sierra Nevada Gold Forms Arabian American Minerals Subsidiary for As Safra Copper-Gold Project in Saudi Arabia

Sierra Nevada Gold has established Arabian American Minerals (AAM) to facilitate exploration in Saudi Arabia, aligning with Vision 2030. AAM will manage exploration licenses and streamline operations at the As Safra Copper-Gold Project, with drilling expected to begin soon after license approval. The company anticipates the finalization of licenses within 2-4 weeks and plans to conduct a 5,000-meter drilling program thereafter.

Published Mar 30, 2026

Sierra Nevada Gold has formed a Saudi subsidiary, Arabian American Minerals (AAM), to manage exploration activities for the As Safra Copper-Gold Project. This strategic move will allow SNX to obtain exploration licenses and execute programs in alignment with Saudi Arabia's Vision 2030.

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AAM is expected to facilitate engagement with local stakeholders and government agencies. SNX anticipates the grant of licenses within 2-4 weeks, followed by a 5,000-meter drilling program. Current geophysical and geochemical programs will be completed in 6-8 weeks, with drilling commencing post-license approval.