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NAICS 212290, industry

NAICS 212290: Other metal ore mining

NAICS 212290 is the industry code for other metal ore mining. Use it on loan applications, tax forms and registrations. Lenders price it on the business's own numbers rather than an industry program.

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What 212290 covers

Businesses classified here mine metal ores not covered elsewhere, such as uranium, lithium bearing ore, molybdenum, tungsten, vanadium and rare earths.

Included in this code

  • Uranium mining
  • Molybdenum mining
  • Tungsten mining
  • Rare earth ore mining
  • Vanadium mining
  • Titanium ore mining

Not this code

Businesses that use 212290

Uranium in situ recovery operationRare earth mineMolybdenum mine

Financing for this trade

Mining companies use equipment loans and leases for haul trucks, loaders and crushers, asset based lines on inventory and receivables, and term loans for land and reserves. Lenders look at permitted reserves, reclamation bonding and customer contracts.

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Is 212290 the right code for a uranium, lithium or other metal mine?

Yes, if your business mines metal ores without their own code, such as uranium, molybdenum or rare earths. The code for lithium brine and mineral salts is 212390. Pick the code that matches the activity earning most of your revenue, and use that same code on your tax return, loan applications and SBA forms so lenders see one consistent picture.

What is the SBA size standard for 212290?

The SBA size standard for 212290 is 1,250 employees. A business at or under that headcount, counting affiliates, is small for SBA loans such as 7(a) and 504 and for federal contracting set asides. Employees are averaged across all pay periods over the past 24 months, including part time and temporary staff.

What financing do metal ore miners use?

Mining companies use equipment loans and leases for haul trucks, loaders and crushers, asset based lines on inventory and receivables, and term loans for land and reserves. Lenders look at permitted reserves, reclamation bonding and customer contracts. Lenders that already fund this trade move faster because they know how to read its cash cycle.

What does NAICS 212290 cover?

Other metal ore mining. Industry level code in NAICS 2022, under 21 Mining, quarrying, and oil and gas extraction, 212 Mining (except oil and gas), 2122 Metal ore mining, 21229 Other metal ore mining.

What financing do NAICS 212290 businesses use?

Term loans, lines of credit, SBA loans and working capital are the usual products. Start an application and the AI matches the deal to lenders that fund this code.

Where do I put NAICS 212290?

On the SBA loan application, on federal Schedule C or Form 1120, on SAM.gov and state registrations, and on most lender applications. A business can report more than one code; use this one if it describes what produces most of your revenue.