The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Montana-based antimony producer stakes Stibnite Creek project west of Tok, Alaska. United States Antimony Corp. Oct. 6 announced that it has staked six square miles (3,840 acres) of state mining claims covering the historical Stibnite Creek antimony project near the crossroads town of Tok in eastern Alaska, marking the second Alaska project picked up by the Montana-based antimony producer this year. "The State of Alaska is under-explored, and we are considering other mining...
Original computer semiconductor now energizes space ambitions. Germanium is a versatile and powerful semiconductor that traces its technology roots back to the dawn of the Digital Age and continues to lend its superlative semiconducting and optical properties to enhancing computers, smartphones, solar panels, fiber optics, and other devices 80 years later. In 1945, Sylvania introduced the first germanium diode to enhance the vacuum tube computers that launched the Digital...
As the White House continues to dole out hundreds of billions of dollars to position America as the global leader in clean energy and digital technologies, Beijing initiates a strategy to put America in check with the global economy equivalent of pawns. These pawns in the technology chess match between the U.S. and China are gallium and germanium, a pair of semiconductor metals used to make the computer chips essential to every facet of modern life. Before all the major news o...
Data Mine North launched the first edition of Critical Minerals Alliances in 2021 with the hopes that this annual magazine would play some small role in helping to build alliances "that are not crippled by irreconcilable differences between organizations and individuals that do not always see eye-to-eye but strengthened by a spectrum of ideologies with a common goal – a healthy, prosperous, and exciting future for humankind." Today, the alliances envisioned by the Data Mine N...
Colorado School of Mines thesis confirms that the germanium values at Bornite deposit have long been underreported. In addition to hosting 6.3 billion pounds of copper and 88 million lb of cobalt critical to the energy transition, the Bornite deposit in Alaska's Ambler Mining District may also be a significant source of the germanium essential to both clean energy and high-tech. "Germanium is an important metal with numerous applications, particularly in the manufacture of sem...
From the Pentagon's multi-million-dollar investment in Graphite One Inc. to China's restrictions on the exports of gallium and germanium, Alaska's current critical minerals supply and future potential was in the headlines and subtext of American news stories over the past month. Alaska as a future source of minerals critical to the clean energy transition grabbed headlines after the mid-July news that the U.S. Department of Defense awarded Graphite One Inc. $37.5 million to...
On Feb. 22, 2022, Teck Resources Ltd.'s Red Dog Mine in Northwest Alaska became the largest critical minerals operation in the United States, both in terms of quantity and value of the materials produced at this world-class base, precious, and critical minerals operation. Being catapulted to America's top dog when it comes to critical minerals production is not due to the germanium produced, though this semiconductor metal vital to ultrafast computing and communications is...
Tech metalloid boasts superior semiconductor, optical qualities From NASA's Gateway space station that will serve as a critical outpost circling the Moon to more down-to-Earth applications such as quantum computers that are millions of times faster than their classical counterparts and fiber optic cables that send data at the speed of light, germanium is among the techiest of the tech metals. "The extensive use of germanium for military and commercial applications has made it...
The Bristol Bay region is home to two resources that beyond a doubt earn the moniker "world-class" – an annual run of sockeye salmon that is second to none and Pebble, the largest undeveloped copper and gold deposits known to exist on Earth. These world-renowned resources, however, have stirred up controversy in this Oklahoma-sized region of Southwest Alaska, as many of the roughly 7,400 Bristol Bay residents are concerned that mining the copper, gold, molybdenum, rhenium, and...
While Alaska is regarded as a geological storehouse of minerals critical to the United States, it is less renowned as a current globally significant supplier of germanium, a zinc byproduct metalloid with optical qualities that make it an important ingredient in infrared and fiber-optics, and semiconducting properties being applied to quantum computing, and solar energy systems. "The extensive use of germanium for military and commercial applications has made it a critical...
Millrock Resources Inc. and Resolution Minerals Ltd. are gearing up for an early March start of drilling on the West Pogo property, part of the larger 64North gold project in Alaska's Interior. Previously known as the Goodpaster project, 64North includes nine claim blocks – West Pogo, Shaw, Eagle, LMS-X, South Pogo, East Pogo, North Pogo, Last Chance and Divide – covering roughly 160,000 acres in the Goodpaster District, a gold-rich area anchored by Northern Star Resources Ltd...
Millrock Resources Inc. Oct. 1 said it is investing the C$1.58 million it recently raised to position the company and its properties for expected improving markets for gold-focused exploration companies. "The moves Millrock has made over the past three months has positioned the company well for what appears to be a coming bull market in precious metals," said Millrock Resources President and CEO Greg Beischer. "We have developed an enviable gold project portfolio that is...
If you have watched the metals markets over the last month, you know why Alaska's mineral industry has surged, stalled, swerved, swooped, slowed, shelved and stuttered, sometimes all at the same time! Gold has gone above US$1,500 per ounce; copper pundits are predicting an increasingly dour future; zinc markets are looking to dive below $1.00 per pound; tin markets have marched strongly upward due to supply disruptions; and silver bulls are calling for annual worldwide...
Millrock Resources Inc. Sept. 23 announced that First Quantum Minerals Ltd. has been granted the exclusive right to enter an option agreement on Dragonslayer, a porphyry copper-gold project Millrock has identified in eastern Alaska. To earn the option right, First Quantum is funding C$100,000 of initial exploration that includes geochemical surveys, mapping, and prospecting. This work is focused on a geophysical anomaly located in a belt of Cretaceous-aged rocks southeast of...
The Bristol Bay region is home to two resources that beyond a doubt earn the moniker "world-class" – an annual run of sockeye salmon that is second to none and Pebble, the largest undeveloped copper and gold deposits known to exist on Earth. These world-renowned resources, however, have stirred up controversy in this Oklahoma-sized region of Southwest Alaska, as many of the roughly 7,400 Bristol Bay residents are concerned that mining the copper, gold, molybdenum and other m...
Nova Minerals Ltd. (formerly Quantum Resources Ltd.) July 31 said it plans to complete at least 8,000 meters of drilling over the next six to eight weeks at the Estelle gold-copper-silver project about 100 miles northwest of Anchorage. The Australia-based explorer optioned Estelle late in 2017 as part of a larger deal that included four other Southwest Alaska properties – Chip-Loy, a nickel-copper-cobalt-gold-silver-platinum group element project; Bowser Creek silver-zinc-lead...
An early spring coupled with low snow fall in many parts of Alaska have combined to enable companies large and small to start their summer field programs early this year. As expected, competition is stiff for people, drills, helicopters, heavy equipment and related services, awarding those who committed budgets early and penalizing those who did not or could not commit early. For the first time in half a decade, projects with money at hand may not be able to get the services t...
Northern Dynasty Minerals Ltd. April 5 reported that the deadline of the framework agreement for First Quantum Minerals Ltd. to join the Pebble Partnership has been extended from April 6 to April 30. The framework agreement entered into last December provides First Quantum with the option to earn a 50 percent interest in the Pebble Partnership for US$1.5 billion, which includes a US$150 million initial investment, made in four equal payments of US$37.5 million, to fund...
The permitting process for the world-class Pebble copper-gold-molybdenum mine in Southwest Alaska is officially underway. With this monumental milestone comes the first real look at the new Pebble Mine plan, an engineering feat that the Pebble Partnership believes strikes a balance between environmental footprint and sound economics. "There is a sweet spot in which you can drive down the footprint size and still reach a rate-of-return that makes sense," Pebble Partnership CEO...
Nova Minerals Ltd. (formerly Quantum Resources Ltd.) completed an inaugural drill program in 2018 at its newly acquired Estelle gold-copper-silver project about 100 miles northwest of Anchorage, Alaska. The Australia-based explorer optioned Estelle late in 2017 as part of a larger deal that included four other Southwest Alaska properties – Chip-Loy, a nickel-copper-cobalt-gold-silver-platinum group element project; Bowser Creek silver-zinc-lead project; Windy Fork, a rare e...
In a framework agreement announced on Dec. 18, First Quantum Minerals Ltd. was revealed as the major mining company that will complete the Pebble Limited Partnership. "We have made good progress in the partnering process and are very pleased to be in advanced-stage discussions with First Quantum, an industry leader in mine development and management," Ron Thiessen, president and CEO, Northern Dynasty Minerals Ltd., currently the sole owner of the Pebble Partnership. While the...
CopperBank Resources Corp. March 7 said it has hired DOWL, an Alaska-based engineering firm, to provide initial infrastructure planning for Pyramid, an advanced exploration project on the Alaska Peninsula that hosts 172.8 million metric tons of inferred resources, averaging 0.35 percent (1.34 billion pounds) copper, 0.02 percent (74.4 million lbs) molybdenum and 0.09 grams per metric tons (488,000 ounces) gold. “Three very important components of any copper project of merit are geology, location and access to i...
Quantum Resources Ltd. Nov. 20 announced that it has entered into an option five Alaska projects prospective for gold, silver, zinc, nickel, copper, cobalt and rare earth elements. The primary property optioned by the Australia-based junior is Estelle, a district-scale gold-copper-silver project about 100 miles northwest of Anchorage. The other four properties, collectively known as the Farewell group are located northwest of Estelle and include: Chip-Loy-Roberts, a...
In a framework agreement announced on Dec. 18, First Quantum Minerals Ltd. was revealed as the major mining company that will complete the Pebble Limited Partnership. "We have made good progress in the partnering process and are very pleased to be in advanced-stage discussions with First Quantum, an industry leader in mine development and management," Ron Thiessen, president and CEO, Northern Dynasty Minerals Ltd., currently the sole owner of the Pebble Partnership. While the...
For the first time in five long years, the mood at the recently held Alaska Miners Association Convention in Anchorage was buoyant, the result of a slow but steady turnaround on mineral investments in the state. Additional new corporate interest in the state emerged during the past 30 days, and sources of exploration funds coming to Alaska continue to shift, with estimates for 2017 suggesting that 62 percent of this financing comes from Canadian concerns, 18 percent from...
