Clifton Mining is an American Fork-based company that owns and leases mining claims in the Clifton/Gold Hill district of Utah, about an hour south of Wendover. Clifton doesn't perform any mining themselves, instead they lease out their properties to third parties who do the mining. This analysis is broken down into 3 sections, reflecting three distinct aspects of the business. These are 1)their equity investment in American Silver LLC, 2)their investment in and lease with Desert Hawk Gold Corporation, and 3)their remaining mining claims.

American Silver: American Silver is a company that was founded by Bill Moeller in 1998. Today his son Scott runs the company, and is also CFO and a board member of Clifton Mining. American Silver is a manufacturer of nanosilver products. When silver is melted down into microscopic particles, it has been shown to exhibit antimicrobial properties. Because of this, people for years have been creating products of various uses that are infused with silver particles. According to their website, ABL Manufacturing (a subsidiary of American Silver) is the world's largest manufacturer of liquid nano silver. The company's total sales were around $13.8 million for FY 2025 and $3.6 million for Q1 2026. On those sales, American Silver took home net income of $1.1 million and $205k, respectively. On Amazon, most products on the ABL store get over 4 stars, and their most popular product, the Daily Immune Support Supplement, gets 4.6 stars with ~5.7k ratings. Currently, the main source of cash and income Clifton receives is in the form of distributions from American Silver, in which Clifton owns a 20.7% stake.