The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Sorted by date Results 176 - 200 of 245
Graphite One Resources Inc. June 11 reported that its wholly owned subsidiary, Graphite One (Alaska) Inc. has come to an agreement with Ronald Sheardown for 28 Alaska state mining claims covering the same lands purchased by Graphite One in January 2012. This provides the company ownership of both the junior and senior state mining claims that overlap and surround the 24 unpatented federal claims that it leased from Kougarok LLC. In exchange for the claims, Graphite One has...
Although news from the mining industry is generally limited this time of year, several items of import over the past month bear discussion. Alaska suffered a tragedy with the recent passing of mineral industry giant Chuck Hawley, one of Alaska's most talented and respected geologists. Although Chuck loved the mineral exploration game, he was far more than a geologist to many of us and to the state. His plus-50-year love affair with Alaska spanned some of the state's most...
Though lower metals prices weighed on the value of Alaska’s mining sector, the production of minerals, not including coal and oil, in the 49th State topped US$3 billion for the sixth year running. According to the United States Geological Survey’s annual report, “Mineral Commodity Summaries 2016,” Alaska mines produced roughly US$3.09 billion worth of non-fuel minerals during 2015. This reflects roughly a 12 percent decrease compared with the US$3.51 billion that USGS reporte...
Graphite One Resources Inc. March 10 reported the start of development test work to produce carbon-coated spherical graphite from graphite sourced from its Graphite Creek deposit near Nome, Alaska. Carbon-coated spherical graphite is the finished product used in lithium-ion batteries. The spherical shape allows the graphite to be more efficiently packed into battery cells, while the coating extends the graphite's lifetime capacity. "Production of carbon-coated spherical graphite will be a key step for us," said Graphite One...
Tesla Motors is on the cusp of unveiling its Model 3, an affordable mid-size sedan that is the key to the company's goal of producing 500,000 all-electric vehicles per year by 2017 – welcome news for those who want to own a Tesla but can't afford the two more luxurious models released by the company. A half-million Teslas rolling off of assembly-lines each year also could be good news for Graphite One Resources Inc., a junior mining company aspiring to supply some of the rough...
Most of Alaska is now enjoying a warm, early spring, allowing field programs to get off to an quicker start this year. While budgets are still tight, interest in Alaska projects has steadily increased as the mining and metals markets slowly recover from a four-year slowdown. Current estimates for 2016 exploration expenditures are looking like they will end up in the US$50 million to US$60 million range, down from the US$75 million range of last year but less precipitous than...
With metal prices stabilizing, physical stockpiles dwindling and demand again on the rise, things are beginning to look up for the beleagered mining industry. Gold's performance over the past several months is a case in point. The World Gold Council reported that during the first quarter, buying of exchange-traded gold funds rose to its highest level since early 2009, wiping out the deep sell-offs of 2014 and 2015 for this instrument. Uncertainties in the fiscal stability of...
The more that is known about Graphite Creek, the more this enormous deposit in western Alaska seems ideally suited to fill the growing need for graphite in electric vehicle batteries and other technology applications. Though Graphite One Resources Inc. has only systematically drilled a small section of the 11 miles of known near-surface mineralization at Graphite Creek, the Vancouver B.C.-based company has already outlined 17.95 million metric tons of indicated resource...
Graphite One Resources Inc. May 20 reported that uncoated spheroidized (rounded) graphite from its Graphite Creek property, located about 37 miles (60 kilometers) north of Nome, Alaska, demonstrated high performance when tested in CR2016 coin cells, batteries typically used in watches and similar devices. Five coin cells were tested with Graphite Creek material in the anode. Three of the cells demonstrated a first discharge capacity that approached natural graphite's theoretical maximum of 372 ampere hours per kilogram....
Heatherdale Resources Ltd. April 1 reported that Patrick Smith has resigned as president and CEO and as a director of the company. Heatherdale Chairman Scott Cousens will serve as interim president and CEO of Heatherdale. Heatherdale is focused on Niblack, a volcanogenic massive sulfide project located on Prince of Wales Island in Southeast Alaska. "Pat's experience and understanding of Southeast Alaska was of particular value over the past five years during the exploration ph...
As in the recent past, the state of the world's exploration industry was summarized in SNL Metal & Mining's annual "Corporate Exploration Strategies" publication, released at the Prospectors and Developers Association of Canada convention in Toronto earlier this month. Not surprisingly, it painted a grim picture of 2015, the worst year for exploration since 2009. The statistics indicate that worldwide exploration expenditures declined a further 19 percent to $9.2 billion...
Graphite One Resources Inc. March 3 reported closing a second tranche of a non-brokered private placement offering which, together with the first tranche closed in January, totaled C$704,091 in gross proceeds. Pursuant to the closing of the second tranche, Graphite One issued 3,000,008 units at C9 cents per unit for a total of C$270,001. Each unit consists of one common share and one transferable purchase warrant that entitles the holder to purchase one additional Graphite...
Graphite One Resources Inc. Nov. 12 said that in order to preserve cash to fund development of its Graphite Creek project in western Alaska, it has entered into agreements to issue shares to settle outstanding debt of C$66,000 with certain arm's length creditors. To settle the debt, Graphite One intends to issue 733,334 common shares of Graphite One at C9 cents per share. The transaction is subject to TSX Venture Exchange approval. "We are pleased to settle this debt with...
Graphite One Resources Inc. Nov. 2 reported the completion of a C$634,161 private placement. Together with a financing that closed in September, the company has raised total gross proceeds of C$1.99 million. In the most recent financing, Graphite One issued 9,059,449 units at C7 cents per unit. Each unit consists of one common share and one transferable purchase warrant that entitles the holder to purchase one additional common share at C10 cents for a period of three years....
Graphite One Resources Inc. Oct. 1 reported the completion of a C$1.36 million non-brokered private placement financing that involved the issuance of 19.42 million units at C7 cents per unit. Each unit consists of one common share and one transferable warrant that allows the holder to purchase one Graphite One share for C10 over a period of three years from the date of the closing of the financing. Graphite One paid C$85,710 in finder's fees and issued 1.22 million...
The world's mining industry has once again transmogrified itself in the face of changing global metals markets and investor expectations. In a recent Reuters report, several companies, including Newmont Mining Corp., Goldcorp Inc. and Yamana Gold Inc., were singled out as having taken steps to bring smaller, leaner, lower output projects into production to avoid the cost over-runs which have plagued the large multibillion-dollar projects in recent years. The same large mine...
Graphite One Resources Inc. May 29 reported that its wholly owned subsidiary, Graphite One (Alaska) Inc., has executed a definitive long-term lease agreement with Kougarok LLC for 24 unpatented federal mining claims. These, together with adjoining state mining claims already owned by Graphite One collectively make up the Graphite Creek property. The company estimates that more than 90 percent of the 17.95 million metric tons of indicated resources grading 6.3 percent...
With a significant deposit of heavy rare earths in the Southeast, the largest domestic graphite deposit in the Northwest, and vast potential in the 1,300-mile expanse between the two, Alaska is a viable alternative to importing many of the strategic and critical minerals vital to national security, green energy and modern technology. "The State of Alaska is blessed with vast mineral potential on its lands," Alaska Department of Natural Resources Deputy Commissioner Ed Fogels t...
Graphite One Resources Inc. May 19 noted that its Graphite Creek project near Nome, Alaska was one of two Alaska strategic mineral projects cited during a May 12 hearing before the U.S. Senate Energy and Natural Resources Committee. Alaska Department of Natural Resources Deputy Commissioner Ed Fogels cited the graphite project during his testimony in support of "The American Mineral Security Act of 2015," legislation aimed at fostering domestic production of strategic and crit...
The United States is richly endowed with a broad range of metals and minerals critical to national security, green energy and modern technology but is often overly-reliant on foreign sources for these same commodities. This was the resounding message from miners, manufacturers, regulators and analysts who testified on U.S. Senate Bill 883, "The American Mineral Security Act of 2015." Introduced by Sen. Lisa Murkowski, R-Alaska, S.883 aims to reduce the United States' heavy...
With a mild winter for most of Alaska behind us and an early spring in progress over much of the state, spring fever has once again laid its grip on the mining industry. A number of exploration and development programs are slated for the summer season, suggesting the mining industry has finally started to rise from the three-year miasma that has gripped it worldwide. A couple of macro-scale items also are pointing toward a more robust industry. The U. S. Geological Survey's...
Having established that the Graphite Creek deposit in western Alaska is so massive that a mine could ship out 50,000 metric tons of graphite per year for centuries, Graphite One is now narrowing its focus to study the graphitic carbon found on the property. This new emphasis is on upgrading a segment of the enormous resource already identified to a category in which mining economics can be considered and analyzing the graphite to ascertain whether it fits the needs of...
The state of the world's exploration industry was recently summarized in SNL Metal & Mining's annual "World Exploration Trends" publication, released at the Prospectors and Developers Association of Canada convention in Toronto. Not surprisingly, it painted a grim picture of 2014, a year we are all glad to have behind us. The statistics indicate that worldwide exploration expenditures declined a further 26 percent to $11.4 billion, compared with $15.2 billion in 2013 and...
Graphite One Resources Inc. March 17 provided an updated resource estimate for its Graphite Creek deposit near Nome of 17.95 million metric tons indicated resources grading 6.3 percent graphitic carbon and 154.36 metric tons of inferred resources at 5.7 percent graphitic carbon. Graphite One said the continuity and simple geology of the near-surface deposit has allowed the company to outline a large graphite deposit with only 48 holes of drilling. The 2014 drill program...
Graphite One Resources Inc. Feb. 17 reported that the final 10 holes of its 2014 drill program continue to encounter significant widths of near surface graphite mineralization along 700 meters of strike at its Graphite Creek property near Nome, Alaska. Highlights include: 42.81 meters of 6.27 percent graphitic carbon from a depth of 18.91 meters in hole 14GCH012; 24.56 meters of 6.76 percent graphitic carbon from a depth of 3.95 meters in hole 14GC020; and 38.8 meters of 7.8...
