Falcone Mining LLC Announces Strategic 25-Year Mining Joint Venture in Tanzania

Majority-owned partnership secures long-term access to gold, rare earths, and critical minerals with exclusive international offtake rights.

MIAMI, FL, UNITED STATES, June 1, 2026 /⁨EINPresswire.com⁩/ – Falcone Mining LLC today announced the signing of a strategic 25-year mining joint venture agreement in Tanzania focused on the development, operation, and international commercialization of large-scale gold and critical rare earth mineral assets. The agreement establishes Falcone Mining LLC as the majority operating partner, with Falcone Mining LLC holding a 70% ownership interest and its Tanzania mining partner holding a 30% ownership interest. The joint venture also provides Falcone Mining LLC with exclusive international offtake rights for all minerals produced under the partnership.

The project is associated with estimated deposits of approximately 25,000 tons of gold and 1,200,000 tons of rare earth minerals. Strategic minerals associated with the project include rare earth elements, cobalt, lithium, nickel, copper, manganese, and graphite - resources increasingly central to clean energy systems, electric vehicles, battery storage, defence technologies, advanced manufacturing, and next-generation infrastructure.

“This agreement represents more than a mining project - it is the beginning of a long-term strategic partnership model for Africa,” said Nicolas D’Alessandro, CEO of Falcone Mining LLC. “Our vision is to work alongside African nations to responsibly unlock critical mineral resources, create jobs, build infrastructure, and establish globally competitive supply chains that benefit both local communities and international markets.

A Responsible Resource Platform for Long-Term Growth Both parties have committed to a responsible mining framework that prioritizes environmental protection, workforce safety, community engagement, sustainable resource development, local job creation, infrastructure growth, and transparent international commercialization. Falcone Mining LLC believes the Tanzania joint venture represents a significant step in its broader strategy to build a diversified African resource platform focused on gold, rare earths, strategic minerals, infrastructure, and sustainable industrial investment.

Expansion Outlook Falcone Mining LLC is actively evaluating additional joint venture opportunities across Africa focused on critical minerals, infrastructure development, and sustainable resource investment. The company is targeting projects that combine strong geological potential, responsible operating practices, local partnership, and long-term international commercial value.

About Falcone Mining LLC Falcone Mining LLC is focused on the development, operation, and international commercialization of premium natural resource assets, including gold, rare earths, lithium, and strategic minerals. Through long-term partnerships, responsible mining practices, and disciplined investment execution, the company aims to build sustainable value across global resource markets.

Investor Relations and Partnership Inquiries Falcone Sovereign Wealth Partners Corp Website: www.falconeswp.com

Forward-Looking Statements This press release may contain forward-looking statements regarding project development, future production, estimated mineral deposits, strategic partnerships, commercialization plans, and expansion opportunities. These statements are subject to risks, uncertainties, approvals, due diligence, market conditions, operational factors, and other variables that may cause actual results to differ materially.

Michael Falcone Falcone Sovereign Wealth Partners Inc. +1 929-288-0310 Visit us on social media: https://www.linkedin.com/company/falcone-sovereign-wealth-partners/?