The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Washington D.C.'s increased interest in securing a steadfast supply of critical minerals may prompt further advancement at Ucore Rare Metals Inc.'s Bokan Mountain, a Southeast Alaska project that hosts seven of the 35 minerals, metals and groups of elements that are considered critical to the United States. A federal interagency report published earlier this month by the U.S. Department of Commerce, "A federal strategy to ensure secure and reliable supplies of critical...
The U.S. Department of Commerce June 4 released "A federal strategy to ensure secure and reliable supplies of critical minerals," an interagency report that outlines a government-wide action plan to ensure the United States has secure and reliable supplies of critical minerals. Department of Commerce was charged with spearheading this report under Executive Order 13817, which was signed by President Donald Trump late in 2017. Trump's critical minerals executive order...
Ucore Rare Metals Inc. May 29 announced a victory in the legal row over its option to acquire IBC Advanced Technologies Inc., part of Ucore's plans to establish a rare earth elements processing facility in the United States. Utah-based IBC is the pioneer of molecular recognition technology, a highly selective process for isolating an element or group of elements from solution. Using a solution derived from Ucore's Bokan Mountain project in Southeast Alaska, IBC and Ucore...
Seeking economic and cultural prosperity for its more than 22,000 Tlingit, Haida and Tsimshian shareholders while also looking to provide even greater benefits for future generations, Sealaska takes a balanced approach to developing the resources growing above and stored beneath its lands in Southeast Alaska. This does not mean the Southeast Alaska Native Claims Settlement Act (ANCSA) corporation shuns mining or other resource development in its region, a nearly 600-mile...
A row that has erupted between IBC Advanced Technologies Inc. and Ucore Rare Metals Inc. threatens to delay, or even derail, the proposed Strategic Metals Complex, a rare earth element separation facility that Ucore is planning to develop near Ketchikan, Alaska. The conflict has arisen since Ucore announced its plans to buy IBC, the Utah-based company that developed the molecular recognition technology the two companies have been collaborating on applying towards the...
As the year waned, Alaska's mining industry reported some of the last of its 2018 seasonal field results while the University of Alaska and state of Alaska released some current and projected state-wide economics. At the same time, some macro-economic data was released for the global mining industry. Combined, these figures show a mix of encouraging and not so encouraging trends facing the Alaska mining industry. At the global scale, things for the mining industry are looking...
Ucore Rare Metals Inc. Dec. 11 reported that two of its major shareholders, Orca Holdings LLC and Concept Capital Management Ltd., were again participants in its latest private placement, which raised C$500,000, significantly higher than the C$350,000 originally announced in November. At the close of the financing, Ucore issued 3,333,333 units priced at C15 cents each. Each unit consists of one share and half a purchase warrant that gives the holder the right to purchase...
WESTERN ALASKA Northern Dynasty Minerals Ltd. announced that it had finalized a surface right of way agreement with Alaska Peninsula Corporation for use of that latter's lands for the construction and operation of transportation infrastructure associated with the Pebble copper-molybdenum-gold project. Alaska Peninsula Corporation is an Alaska Native village corporation with extensive land holdings proximal to the Pebble site and more than 900 shareholders, many of which live...
Ucore Rare Metals Inc. Nov. 6 said it has begun consultation with officials from the Ketchikan Gateway Borough, the Southeast Alaska municipality where Ucore plans to build its Strategic Metals Complex, a facility that will produce individual rare earth elements and other strategic metals from non-Chinese sources. Rare earth elements are more abundant than their name suggests. The 17 elements commonly included in this group – 15 lanthanide elements on the periodic table, p...
With nearly indistinguishable physical and chemical properties, niobium and tantalum are almost always found together in nature. Both are also critical to the defense, energy and high-tech sectors in the United States, but neither are mined domestically. For these reasons, the United States Geological Survey considers these transition metals "indispensable twins" that are critical to America's economic and strategic wellbeing. "Niobium and tantalum are transition metals that...
Ucore Rare Metals Inc. Nov. 7 said it plans to exercise its option to purchase IBC Advanced Technologies Inc., the Utah-based company that developed the molecular recognition technology used to separate rare earth elements from a solution derived from Ucore's Bokan Mountain project in Southeast Alaska. This technology, also known as MRT, was proven to efficiently pull out individual high-purity rare earths with a pilot plant known as SuperLig-One and is being implemented into...
As Alaska's mining industry nears the end of another hectic year during which metals prices and investor sentiments rose and fell as precipitously as the world's major stock exchanges, the industry is naturally looking into its crystal ball trying to anticipate what the new year will bring. EY Global Mining and Metals does this sort of forecasting by putting out an annual "risk radar" for mining and metals. The idea is to find out what the industry perceives as the top ten...
Alaska Industrial Development and Export Authority (AIDEA) continues to be interested in funding the Strategic Metals Complex, or SMC, a rare earth element separation facility that Ucore Rare Metals is planning to develop in Ketchikan, Alaska. In 2014, the Alaska Legislature authorized AIDEA to invest up to US$145 million to help finance the development of a mine at Ucore's Bokan Mountain rare earth deposit on Prince of Wales Island, which is located about 30 miles southwest...
Following a couple of quiet months where Alaska's mining industry focused on its work, the last month has seen an explosion of new info come out regarding that effort, some of it profound in its potential immediate, near-term and long-term implications. For example, one of Alaska's largest mines was sold to a new owner at a surprisingly low cost per ounce. The results of a robust new preliminary economic analysis were tabled by an advanced gold-silver exploration project...
Ucore Rare Metals Inc. Sept. 24 reported it has entered into an agreement to acquire the property to build its Strategic Metals Complex, or SMC, a rare earth element and strategic metals refinery and separation plant to be built near the Southeast Alaska port town of Ketchikan. The SMC being planned for the six acres Ucore is acquiring north of Ketchikan will utilize IBC Advanced Technologies' molecular recognition technology, commonly known as MRT, to separate rare earths...
Underscoring the interconnected nature of the global mining market, not 48 hours after the John S. McCain National Defense Authorization Act was signed into law, the mining industry began wondering out loud how they were going to produce rare earth element, tungsten, tantalum and molybdenum in the near future. Why these metals and why the worry now? Because one of the many impacts the Defense Authorization Act will have on the U.S. economy is its ban on the U.S. Department of...
Ucore Rare Metals Inc. Aug. 14 said the John S. McCain National Defense Authorization Act for Fiscal Year 2019 signed into law by President Donald Trump is a turning point for the rare earth element sector in the United States. The new legislation, more commonly known as the 2019 National Defense Authorization Act, prohibits the U.S. Department of Defense from acquiring rare earth magnets – along with certain tungsten, tantalum and molybdenum products – from China, Rus...
The Trump Administration's latest round of tariffs on Chinese goods includes a 10 percent levy on rare earth elements, a group of 17 elements on the periodic table with unique properties that make them key ingredients in a wide array of modern high-tech products such as terabyte hard-drives that fit in the palm of your hand, high-efficiency green-power generation and sophisticated military hardware. For decades, China has dominated the REE market and has largely controlled...
Geologists familiar with Alaska already know the Far North State is a great place to explore for critical minerals and metals such as graphite, rare earths, platinum metals, cobalt and tin. A new report published by the U.S. Geological Survey, however, indicates that Alaska may be richer in these and other minerals and metals vital to the economy and security of the United States than previously realized. Working alongside the Alaska Division of Geological & Geophysical...
U.S. President Donald Trump sparked a renewed interest in critical minerals and metals when he issued an executive order calling on federal agencies to devise a strategy to ensure the United States has reliable supplies of these commodities vital to America's economic and strategic security. "It shall be the policy of the federal government to reduce the nation's vulnerability to disruptions in the supply of critical minerals, which constitutes a strategic vulnerability for...
Alaska is rich in rare earth, a unique group of elements that are so distinctive that most are placed in their own separate section at the bottom of the periodic table. While scientist have long realized that rare earths possessed distinctive characteristics that set them apart from their fellow elements, it wasn't until the advent of the color television in the 1960s that these unique properties had any sort of widespread practical application. Over the ensuing five decades,...
With nearly indistinguishable characteristics, niobium and tantalum are considered the "indispensable twins" among the 35 minerals and metals considered critical to the United States. "Niobium and tantalum are transition metals that are almost always found together in nature because they have very similar physical and chemical properties," the U.S. Geological Survey wrote in a 2018 paper on the twin metals. While nearly identical twins, they each have their own set of unique...
With more than 100 known tin occurrences, Alaska is considered the best place in America to establish a domestic source of this critical alloy metal that has defined human progress since the dawn of the Bronze Age. "Today, Alaskan tin deposits are known to be widespread, occurring from the central Alaska Range north to the Brooks Range and across Interior Alaska ... Southwest Alaska and the Seward Peninsula," according to the 1997 publication, Mineral Deposits of Alaska. And...
Zirconium and hafnium are closely related elements that share bonds that tie them together in nature, an affinity that carries over into their industrial applications. "Zirconium and hafnium are metals that are used in the chemical and nuclear-reactor industries in applications for which corrosion resistance, structural stability at high temperatures, and specific alloying properties and (or) specific neutron-absorption characteristics are required," the United States...
Thanks largely to increased investments from Aussie mining explorers, mineral exploration spending across Alaska topped US$100 million in 2018. This is well above the roughly US$95 million invested last year and nearly double the US$58 million spent at the bottom of the market in 2015. "Canadian and Australian companies continue to be the source for the bulk of funds spent in Alaska in 2018, together comprising well over 80 percent of the exploration expenditures earmarked...
