Nevada is widely recognized as one of the world’s premier mining jurisdictions. In the Fraser Institute’s Annual Survey of Mining Companies, Nevada was ranked #1 globally for mining investment attractiveness, reflecting its stable regulatory framework, well-established mining culture, and supportive exploration environment.

The state is one of the largest gold-producing regions in the world, generating approximately 4–5 million ounces of gold annually, which represents roughly three-quarters of total U.S. gold production. Nevada is also home to numerous significant gold and silver deposits and major operating mines, including several world-class mining districts that have produced tens of millions of ounces of precious metals.

Nevada benefits from exceptional mining infrastructure, including established road networks, reliable power supply, experienced workforce, and nearby processing facilities. The state also has a transparent and well-defined permitting process, allowing exploration and development projects to advance efficiently while maintaining strong environmental standards.

Mogul’s flagship Rays–West Dome Project is located approximately 12 km north of the historic Tonopah mining district in Nevada’s prolific Walker Lane. Tonopah has been one of Nevada’s most important precious metal districts, hosting numerous past-producing mines and several modern exploration successes. The project benefits from year-round access, proximity to mining services and infrastructure, and a geological setting within one of North America’s most productive gold–silver belts.

Together, Nevada’s supportive mining environment, world-class geology, and established infrastructure provide an ideal setting for modern exploration and discovery.