B&N Mining

What B&N Mining does

B&N Mining, Inc. is a privately held mineral exploration and development company headquartered in Indian Wells, California, with primary operations in the historic Rand Mining District of San Bernardino County, California. The company controls a strategic land package encompassing the historical Kelly and Atolia mining centers — active from the 1890s and once the richest silver and tungsten mining operations in the United States — that became dormant post-WWII during the era of historically low gold prices. B&N's portfolio targets three primary mineral resources: gold, silver, and tungsten, with reported assets including a 306,000-ounce gold resource at the Kelly Southwest deposit and an estimated 27.7 million pounds of tungsten trioxide (WO3) at the Atolia Tungsten Project, for which B&N Mining Properties, LLC is pursuing production permitting on a 33.8 million pound WO3 basis.

The company executes three integrated exploration programs: Kelly silver and gold expansion drilling, Atolia gold-tungsten placer drilling, and tailings/dump drilling and sampling. Several exploration drilling phases have been permitted through the Bureau of Land Management and San Bernardino County. B&N is advancing the Atolia Tungsten Project toward production through a multi-stage ore-to-metal tungsten processing program developed in partnership with Montana Tech and funded by the Army Research Laboratory — positioning the company to serve domestic critical minerals supply chains for defense, industrial, and technology applications. The company operates three wholly owned subsidiaries (B&N Mining Properties, LLC; B&N Mining Infrastructure, LLC; and Kelly Mine Investments) and is supported by mining consultancy John T. Boyd Company for mine planning, resource estimation, and operational management.

B&N Mining is in an early exploration and development stage with no commercial production or disclosed revenue. Its go-to-market approach is investor-facing — soliciting capital through direct outreach, press releases distributed via Access Newswire, and its company website (bnmininginc.com). The company has completed two disclosed equity funding rounds of approximately $2,964,297 each, in July 2023 and April 2026. Leadership consists of Manager Robert Binkele (a securities-licensed financial advisor and founder of Estate Planning Team) and Chief Operating Officer Sam J. Shoemaker, Jr., the latter appointed effective April 2026 after serving as an independent consultant to the company since 2020. The company has not disclosed customer contracts, offtake agreements, or product pricing, as it remains in a pre-revenue phase pending completion of tungsten production permitting and advancement of its exploration programs.

Name

B&N Mining

Legal name

B&N Mining, Inc.

Website

https://bnmininginc.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

B&N Mining, Inc. is a privately held mineral exploration and development company that controls historic gold, silver, and tungsten assets in California's Rand Mining District, targeting domestic critical minerals supply chains for government, defense, and industrial buyers. The company is currently in a pre-revenue exploration and permitting stage.

Ownership category

akta.pro rank

Product category

Gold and Tungsten Mining

NAICS

Gold Ore and Silver Ore Mining (21222), Other Metal Ore Mining (21229)

SIC

Gold And Silver Ores (1040), Miscellaneous Metal Ores (1090)

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industries

Precious Metals Exploration & Project Development (IMAKAEAI), Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

Keywords

• Gold mining exploration
• Tungsten mining development
• Critical minerals production
• Precious metals extraction
• Mineral resource development

Headquarters

HQ city

Indian Wells

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Gold, Silver, and Tungsten Mining and Sales: B&N Mining generates revenue through extraction and sale of gold, silver, and tungsten minerals from its properties in the Rand Mining District. The company is in exploration/development phase with permitting underway for its 33.8 million pound tungsten project.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

B&N Mining Inc. explores and develops gold, silver, and tungsten mineral resources in California's Historic Rand Mining District, operating three integrated exploration programs: Kelly silver and gold expansion drilling, Atolia gold-tungsten placer drilling, and tailings/dump drilling and sampling. The company's flagship assets are the Kelly Southwest deposit (306,000-ounce gold resource) and the Atolia Tungsten Project (27.7-33.8 million pounds of tungsten trioxide), with permitting underway to become a domestic tungsten producer serving critical minerals supply chains.

Product overview

B&N Mining operates as a mining exploration and development company with a portfolio of three integrated exploration programs in California's historic Rand Mining District: the Kelly silver and gold expansion drilling program, the Atolia gold-tungsten placer drilling program, and the tailings and dump drilling/sampling program. The company's flagship assets include the Kelly Southwest deposit (reported 306,000-ounce gold resource) and the Atolia Tungsten Project (27.7 million pounds tungsten trioxide). The Atolia Tungsten Project is being advanced through a multi-stage ore-to-metal processing program developed with Montana Tech and funded by the Army Research Laboratory. The company also maintains associated entities including B&N Mining Properties, LLC, B&N Mining Infrastructure, LLC, and Kelly Mine Investments.

Differentiator

Problem solved

Functional benefit

Products and services

• Kelly Silver and Gold Expansion Drilling Exploration drilling program targeting hard rock and placer style silver and gold deposits at the Kelly mining center in the Historic Rand Mining District, supporting resource definition for the Kelly Southwest deposit (306,000-ounce reported gold resource).
• Atolia Gold-Tungsten Placer Drilling Exploration drilling program at the Atolia mining center targeting gold and tungsten placer deposits; Atolia was historically the richest tungsten mine in the United States.
• Tailings and Dump Drilling/Sampling Exploration drilling and sampling program for tailings and dump materials across the Rand Mining District project areas, providing additional resource recovery potential from historical mining byproducts.
• Atolia Tungsten Project Tungsten mining project at the historic Atolia mining center; hosts an estimated 27.7 million pounds of tungsten trioxide (WO3) resource, with B&N Mining Properties, LLC pursuing production permitting for a separate 33.8 million pound WO3 project. The project is being advanced through a multi-stage ore-to-metal tungsten processing program developed in partnership with Montana Tech and funded by the Army Research Laboratory.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• Montana TechcoreStrategic or Co-development Partner · 1 April 2026B&N Mining partnered with Montana College of Mineral Science and Technology (Montana Tech) to launch a multi-stage tungsten processing program at the Atolia Tungsten Project. Montana Tech is providing research and technical capabilities for the development of a complete ore-to-metal tungsten processing pathway.
• John T. Boyd CompanycoreImplementation/ SI/ Consulting PartnerJohn T. Boyd Company, a mining consultancy, provides project management and technical expertise for mine planning, design, resource estimation, and operational management. Sam Shoemaker serves as Project Manager with John T. Boyd Company and has over 35 years of experience in mining engineering.
• Bureau of Land ManagementminorOthersThe Bureau of Land Management (BLM) is involved in permitting B&N Mining's exploration drilling phases in the Rand Mining District, along with San Bernardino County.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• AngloGold Ashanti: Global senior gold producer with North American assets including the Cripple Creek & Victor mine in Colorado. Comparable as a major gold mining incumbent with US operations, providing public-market read on US gold mining economics relevant to B&N.
• MP Materials: Operator of the Mountain Pass rare earth mine in California, the only scaled US producer of rare earths, with US government and DoD backing. Comparable as a US-domiciled critical minerals miner benefitting from domestic supply policy, though at much larger scale and focused on rare earths rather than tungsten.

Emerging players

• Perpetua Resources: US-focused junior developing the Stibnite gold-antimony project in Idaho with federal critical minerals alignment. Comparable as a small-cap US junior pursuing domestic critical minerals and gold production with government/policy tailwinds similar to B&N's tungsten-gold thesis.
• USA Rare Earth: US-focused critical minerals developer pursuing domestic rare earth and critical mineral production with government partnership. Comparable as a small-cap US critical minerals developer pursuing domestic supply chain themes, though focused on rare earths rather than tungsten.
• I-80 Gold Corp: Junior gold developer advancing multiple gold projects in Nevada with defined resources and permitting work underway. Comparable as a North American junior gold developer at the resource-to-permitting stage, similar in scale and operational model to B&N's Kelly asset.
• Dakota Gold Corp: Junior gold exploration and development company focused on the Homestake District in South Dakota, leveraging historic mining infrastructure. Comparable as a US junior gold developer re-evaluating a historic US district with modern exploration, analogous to B&N's approach to the Rand Mining District.
• Hycroft Mining Holding: US gold and silver developer advancing the Hycroft mine in Nevada, with significant defined precious metals resources. Comparable as a North American precious metals developer at a similar resource-to-permitting development stage.
• Western Exploration: Junior gold-silver developer focused on the Aura project in Nevada. Comparable as a small-cap North American gold developer at the resource-definition and permitting stage.
• Paramount Gold Nevada: Junior gold and silver developer with projects in Nevada and Oregon, focused on advancing historic districts to production. Comparable as a US junior gold/silver developer leveraging historic district assets — a similar business model to B&N.

Direct peers

• Almonty Industries: Western world's largest dedicated tungsten producer operating outside China, focused on the Sangdong mine in South Korea and other tungsten assets. Directly comparable as a publicly listed tungsten-focused miner with a stated mission to restore Western tungsten supply — the same thematic positioning as B&N's Atolia Tungsten Project.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries3 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about B&N Mining