London BTC Company (LSE:BTC) shares added 9%, to trade at 1.65p on Tuesday, after it staked 111 unpatented mineral claims in Nevada as the Huntington-Whitman project.
The company, which pairs a Bitcoin treasury and mining operations with a stated ambition to build gold exposure, says the ground lies 30 km north of Winnemucca in a prolific district within trucking distance of Nevada Gold Mines and other major operators, and notes Nevada was ranked the #1 mining jurisdiction by the Fraser Institute in 2025.
The package comprises three primary prospects and five targets with 9 km of historical workings, including 13 shafts, nine adits and 70 prospect pits, hosting low‑sulphidation epithermal Au‑Ag mineralisation and historical visual grades reported up to 26.4 oz/t that the company has not verified.
Modern surface sampling is underway with assays expected by mid‑June, and the company says it will compile geoscientific data, advance permitting and prioritise drill‑ready targets.
Claims were staked by Convergent Mining and lodged with the Bureau of Land Management, Schiehallion Consulting is progressing further staking in Nevada and Arizona, and the company will issue £20,000 of shares to contractors for the on‑the‑ground work.
"The staking of the Huntington‑Whitman Project marks an important first step in delivering on the US gold hedging strategy we set out in April; we have moved quickly from strategy to execution," said Hewie Rattray, CEO.
Further project acquisitions are actively progressing and the company said it will provide updates as additional assets are secured.
