FAST-41 Awakens the Back Forty

Jason Williams

Posted October 17, 2025

Every mining boom has a moment when the seemingly impossible becomes inevitable.

The California gold rush started with one lucky discovery at Sutter’s Mill.

The shale boom began when a few drillers proved horizontal fracking actually worked.

fast-41 back 40

And if history is about to rhyme again — this time in the heart of Michigan’s Upper Peninsula — the spark could be a four-letter permitting program: FAST-41.

Because buried beneath a patch of quiet forest and farmland on the Menominee River lies a sleeping giant — a deposit so rich, so strategically important, and so stubbornly stuck in regulatory limbo that it’s become a case study in everything broken about America’s permitting system…

fast-41 back 40 map

That deposit is called the Back Forty.

And if FAST-41 comes knocking, it could also be the blueprint for how we fix it.

The Deposit That Refused to Die

For nearly two decades, the Back Forty has existed in a kind of purgatory — neither greenlit nor abandoned.

Drill core after drill core has confirmed the same thing: This isn’t a marginal deposit.

It’s a high-grade polymetallic system loaded with copper, zinc, and gold.

The resource estimate has evolved over time, but even conservative figures place it among the most valuable undeveloped deposits in the country.

That’s not just geological trivia. That’s the kind of endowment that can:

  • Power an entire Midwestern manufacturing supply chain,
  • Provide domestic feedstock for critical minerals,
  • And reenergize the local economy for generations to come.

And yet… it hasn’t moved.

Why? Because every permitting step has been dragged into a bureaucratic swamp.

Federal and state agencies. Tribal consultations. Environmental review after environmental review. Court fights. Political hesitation.

A mine that could have been pouring metal decades ago has instead become a cautionary tale.

Why Back Forty Is the Poster Child for FAST-41

FAST-41 wasn’t designed for vanity projects. It was designed for nationally significant infrastructure and resource developments — the kind that:

  • Strengthen national security and supply chains
  • Create well-paying jobs
  • And face disproportionate delays in federal permitting.

Check. Check. And check again.

The Back Forty checks every box on that list.

It sits in a politically stable, mining-friendly state with existing infrastructure.

It contains metals on Washington’s critical minerals list.

It’s been studied, drilled, modeled, and engineered to within an inch of its life.

And most importantly, it’s been stuck long enough that everyone knows exactly why it’s stalled — and exactly how FAST-41 could unstick it.

Unlike some exploration-stage pipe dreams, this project isn’t waiting for proof. It’s waiting for a decision.

A Timeline Written in Red Tape

The Back Forty story starts like many great deposits do: with a discovery that promised to change everything…

Early drilling revealed thick zones of copper-zinc mineralization with gold and silver credits that sweetened the economics.

Engineers sketched out a modern open-pit design with underground expansion potential.

Feasibility studies modeled hundreds of millions of dollars in revenue annually. Local leaders talked about jobs and tax bases.

Then came the reviews. And the lawsuits. And the delays.

A permit was issued. Then challenged. Then withdrawn. Then re-filed.

Each step forward brought two steps back.

Meanwhile, commodity cycles came and went. Copper soared. Gold rallied. And investors moved on to faster stories…

But the deposit stayed put. Quiet. Patient. Waiting.

The Strategic Metal Factor

But now, the minerals sitting under the Back Forty aren’t just valuable — they’re strategic.

  • Copper: The metal that powers electrification, EVs, data centers, and the grid itself. Demand forecasts stretch years into the future, and analysts warn of structural shortages stretching into the millions of tons.
  • Zinc: Essential for galvanizing steel and battery technology. Supply chains are increasingly strained, especially as older mines shut down.
  • Gold: The ultimate hedge in uncertain times, adding financial resilience to an already robust resource mix.
  • Silver: Not just a store of wealth, but also critical to EVs, solar panels, and advanced defense and weapons systems. Demand is no longer cyclical but structural.

In other words: The exact basket of metals Washington has been screaming it needs more of.

This is why FAST-41 matters so much. Because the question isn’t whether we need these metals…

It’s whether we’ll produce them at home or keep relying on unfriendly foreign powers to supply them.

How FAST-41 Could Change the Game

Imagine this…

Instead of another decade of endless permitting ping-pong, the Back Forty gets accepted into FAST-41 this year…

A single, coordinated federal schedule is created. Timelines are public. Agencies are forced to talk to each other instead of past each other.

Litigation and review windows are clear. Environmental studies happen in parallel instead of sequential purgatory.

Suddenly, instead of “someday,” investors can see a construction date.

And if the market’s reaction to other FAST-41 stories is any guide — think of American Battery Technology Company’s 41% pop and 900% rally on Tonopah Flats or Hecla Mining Company’s triple-digit re-rating around Libby — the moment Back Forty gets the fast-track nod could be a lightning rod for capital.

A Tale of Two Futures

There are really only two possible endings to this story.

Future A: The Back Forty remains trapped in regulatory amber, its metal staying in the ground while China, Russia, and other foreign suppliers dictate critical mineral flows. America keeps talking about energy security without backing it up. And investors keep missing out.

Future B: FAST-41 kicks the gate open. The project advances. Shovels hit dirt. Copper, zinc, silver, and gold start flowing into U.S. supply chains. A once-forgotten corner of Michigan becomes a strategic hub. And investors who saw the inflection point early get rewarded.

And let’s be clear: Washington is running out of time to pick…

Every major energy, manufacturing, and defense forecast makes it painfully obvious — the U.S. needs new domestic mines.

Don’t Expect a Whisper — Expect a Stampede

The market has a way of ignoring projects like the Back Forty… until it doesn’t.

We saw it with Tonopah Flats. We saw it with Libby. We saw it when Resolution Copper cleared a key legal hurdle.

One permitting headline. One regulatory signal. That’s all it takes.

Because once investors know a project can actually get built, valuation multiples change fast. Resource in the ground becomes cash flow in waiting.

And with a project as big and strategic as the Back Forty, that moment could be seismic.

Why This Story Matters

This isn’t just about one mine in Michigan. It’s about proving that the United States can still build things — and do it faster than ever before.

FAST-41 isn’t a loophole. It’s a lifeline for projects that matter.

And if the Back Forty finally gets pulled onto that fast track, it could mark the beginning of a new era of domestic resource investment.

One where investors don’t have to wait decades to see world-class deposits turned into world-class mines.

The Clock Is Ticking

We’re watching a perfect storm take shape:

  • Exploding demand for copper, zinc, silver, and gold,
  • Washington finally waking up to critical mineral security,
  • And a regulatory tool — FAST-41 — built to accelerate exactly this kind of project.

The Back Forty is sitting on the launch pad.

All it needs now… is ignition.

To your wealth,

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Jason Williams

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After graduating Cum Laude in finance and economics, Jason designed and analyzed complex projects for the U.S. Army. He made the jump to the private sector as an investment banking analyst at Morgan Stanley, where he eventually led his own team responsible for billions of dollars in daily trading. Jason left Wall Street to found his own investment office and now shares the strategies he used and the network he built with you. Jason is the founder of Main Street Ventures, a pre-IPO investment newsletter; the founder of Future Giants, a nano cap investing service; and authors The Wealth Advisory income stock newsletter. He is also the managing editor of Wealth Daily. To learn more about Jason, click here.

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