Energy Acquisitions in Nevada
Nevada’s Energy Deal Themes (2025–2019)
Nevada energy acquisitions across 2019–2025 span everything from project development and exploration to power engineering services and refining. Several deals center on expanding Nevada-linked resource positions—whether through lithium and rare earth exposure or consolidation of precious metals interests.
Buyer activity also shows clear capability-driven themes. Companies such as Worldwide Diversified Holdings, Inc. and McEwen Mining Inc. focus on development and exploration portfolios, while Qualus Corporation expands renewables and grid interconnection expertise through its acquisition of Tri Sage Consulting.
On the value-chain side, Sky Quarry Inc. acquired the Eagle Springs refinery near Ely, Nevada, adding a refining asset to support production from waste asphalt shingles and heavy oil feedstocks. Meanwhile, financings and corporate structuring appear alongside acquisitions, as seen in Rawhide Acquisition Holding LLC’s equity financing with Austral Gold Limited and EMX Royalty Corporation.
What Stands Out
- Nevada, United States is the consistent geography across recent items, with deals framed around expanding in-state resource and energy capabilities.
- Lithium and other battery-material themes appear in Worldwide Diversified Holdings, Inc.’s controlling stake in American Lithium Minerals, Inc., tied to a Nevada lithium and boron property.
- Consolidation in metals continues with Prince Silver Corp. acquiring Stampede Metals Corporation and McEwen Mining Inc. pursuing an all-share merger with Timberline Resources Corporation.
- Grid modernization and renewables support show up in Qualus Corporation’s acquisition of Tri Sage Consulting, focused on high-voltage interconnection and project management.
- Refining assets and vertical integration are part of the Nevada energy story via Sky Quarry Inc.’s acquisition of the Eagle Springs refinery near Ely.
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November 23, 2025
- Buyer
- Worldwide Diversified Holdings, Inc.
- Target
- American Lithium Minerals, Inc.
- Industry
- Energy
- Location
- Nevada, United States
- Type
- Buyout
Worldwide Diversified Holdings, Inc. has acquired a controlling interest in American Lithium Minerals, Inc., gaining indirect control over AMLM's option on a 1,730-acre lithium and boron property in Nevada. The transaction positions AMLM to launch a global minerals and rare earth development program (via new subsidiary American Mineral Resources, Inc.) and to reposition the company as a Nasdaq-uplisted commodity acquisition and tokenization vehicle.
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July 11, 2025
- Buyer
- Prince Silver Corp.
- Target
- Stampede Metals Corporation
- Seller
- Stampede Metals Limited
- Industry
- Energy
- Location
- Nevada, United States
- Type
- Buyout
Prince Silver Corp. completed the acquisition of all issued and outstanding shares of Stampede Metals Corporation, a private Nevada-based company, from Stampede Metals Limited (Australia). The transaction consolidates Prince Silver's ownership of the Prince Silver Project in Lincoln County, Nevada and included issuance of consideration units, subscription receipt conversions and related corporate changes.
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April 16, 2024
- Buyer
- McEwen Mining Inc.
- Target
- Timberline Resources Corporation
- Industry
- Energy
- Location
- Nevada, United States
- Type
- Buyout
McEwen Mining Inc. has entered into a definitive agreement to acquire all outstanding shares of Timberline Resources Corporation in an all-share merger. The deal will expand McEwen's portfolio of development and exploration projects in Nevada; Timberline shareholders will receive 0.01 of a McEwen share per Timberline share, implying a transaction value of roughly US$18.8 million (excluding McEwen’s existing ownership).
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December 22, 2022
- Buyer
- Qualus Corporation
- Target
- Tri Sage Consulting
- Industry
- Energy
- Location
- Nevada, United States
- Type
- Buyout
Qualus Corporation has acquired Tri Sage Consulting, a power engineering and project management firm focused on high-voltage grid interconnection and renewable projects in the western United States. The acquisition expands Qualus' western U.S. footprint and renewables capability, combining Tri Sage's technical resources with Qualus' planning, design, and field services to support grid modernization and the energy transition.
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- Buyer
- Sky Quarry Inc.
- Target
- Foreland Refining Corporation
- Industry
- Energy
- Location
- Nevada, United States
- Type
- Buyout
Sky Quarry Inc. has acquired Foreland Refining Corporation, including the Eagle Springs refinery near Ely, Nevada. The purchase gives Sky Quarry a refinery asset to vertically integrate its process for producing sustainable diesel and other petroleum products from waste asphalt shingles and heavy oil feedstocks, and is expected to be immediately accretive to cash flow and EBITDA.
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August 12, 2020
- Buyer
- U.S. Gold Corp.
- Target
- Northern Panther Resource Corporation
- Seller
- Shareholders of Northern Panther Resource Corporation (including George Bee and Robert Schafer)
- Industry
- Energy
- Location
- Nevada, United States
- Type
- Buyout
U.S. Gold Corp. (Nasdaq: USAU) has completed an all-share acquisition of Northern Panther Resource Corporation, a newly formed Nevada corporation whose principal asset is the Challis Gold Project in Idaho. The transaction adds a drill-ready exploration project and approximately $2.5 million in cash to U.S. Gold Corp., and was accompanied by concurrent preferred-stock financings that could bring up to $8.0 million of additional capital; several Northern Panther shareholders (including George Bee and Robert Schafer) became shareholders of U.S. Gold.
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December 19, 2019
- Buyer
- Austral Gold Limited, EMX Royalty Corporation, Affiliates of Coral Reef Capital
- Target
- Rawhide Acquisition Holding LLC (Rawhide Mining)
- Industry
- Energy
- Location
- Nevada, United States
- Type
- Growth capital
Rawhide Acquisition Holding LLC, a portfolio company of Coral Reef Capital, completed an equity financing to support its production ramp and future operations. The round included strategic investments from Austral Gold Limited and EMX Royalty Corporation, plus additional investment from affiliates of Coral Reef Capital; Austral and EMX will join Rawhide’s board. Proceeds will be used for working capital, capital projects, and general corporate purposes to optimize operations and exploration potential.
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Frequently Asked Questions
What kinds of energy-related acquisitions show up in Nevada on this page?
The page highlights acquisitions spanning development and exploration (e.g., lithium and precious metals projects), power engineering and grid interconnection services, and refinery assets near Ely, Nevada.
Which deals are tied to battery-material exposure?
Worldwide Diversified Holdings, Inc. acquired a controlling interest in American Lithium Minerals, Inc., gaining indirect control over an option related to a 1,730-acre lithium and boron property in Nevada.
Do any acquisitions involve grid modernization or renewable project services?
Yes. Qualus Corporation acquired Tri Sage Consulting, a power engineering and project management firm focused on high-voltage grid interconnection and renewable projects in the western United States.
Are there acquisitions that expand refining capacity in Nevada?
Yes. Sky Quarry Inc. acquired Foreland Refining Corporation (the Eagle Springs refinery near Ely, Nevada), giving it a refinery asset for producing sustainable diesel and other petroleum products from waste asphalt shingles and heavy oil feedstocks.