Permitting Risks Linger Despite FAST-41 Boost for New World’s Antler Project

Federal Recognition Boosts Antler Project

New World Resources Limited (ASX: NWC) has achieved a significant regulatory milestone with its Antler Copper Project in Arizona being designated a FAST-41 Transparency Project by the US Federal Government. This status places Antler on the Federal Permitting Dashboard, a platform designed to increase transparency and accountability in the federal environmental review and permitting process.

The designation under the Fixing America’s Surface Transportation Act (FAST-41) signals the project’s strategic importance to the United States, particularly in securing critical minerals like copper that are vital for clean energy technologies and national security. The Bureau of Land Management will act as the lead agency overseeing the permitting process.

Streamlining Permitting and Enhancing Transparency

Being listed as a FAST-41 Transparency Project means Antler will benefit from enhanced coordination among federal agencies, structured permitting timelines, and public tracking of progress. The Federal Permitting Dashboard provides real-time updates on milestones and agency responsibilities, fostering greater interagency collaboration and accountability.

New World Resources’ Managing Director, Nick Woolrych, emphasized that this designation is a “major endorsement” of Antler’s role in US critical mineral supply chains. He highlighted that the streamlined permitting process supports the company’s timeline to secure all necessary federal and state permits by the first quarter of 2026, aiming for production to commence in 2027.

Strategic Implications for US Critical Minerals

The Antler Copper Project’s inclusion in the FAST-41 program reflects growing federal recognition of the need to secure domestic sources of critical minerals amid global supply chain uncertainties. Copper, essential for electric vehicles, renewable energy infrastructure, and electronics, is a key focus for US policy makers seeking to reduce reliance on foreign suppliers.

This regulatory milestone not only enhances the project’s development credentials but also positions Antler as one of the most advanced critical mineral projects in the United States. The improved permitting pathway is expected to reduce delays and increase predictability, factors that are crucial for attracting investment and advancing project financing.

Looking Ahead

An updated permitting timeline is scheduled for release in June 2025, which will provide further clarity on the project’s progress. As New World Resources moves closer to full permitting and production, the Antler Project stands as a bellwether for the US critical minerals sector’s ability to meet growing demand while navigating complex regulatory landscapes.