The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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With zinc prices on the rise and strong production of the galvanizing metal, the Red Dog Mine in Northwest Alaska generated strong profits for Teck Resources Ltd. and revenues for NANA Corp., the Alaska Native Claims Settlement Act (ANCSA) regional corporation for Northwest Alaska. During the first quarter of this year, Red Dog produced 131,600 metric tons (290.1 million pounds) of zinc, a roughly 10% increase over the 119.7 metric tons (263.9 million lb) produced during the...
Though the 2022 field season is scarcely underway, Vital Metals Ltd., Canada's first rare earths producer, is already eyeing a second banner year at its Nechalacho REE mining operation in Northwest Territories – with recent progress in virtually every aspect of the Australia-based company's Canadian project, from exploration to marketing. Vital's offtake partner, Norway-based REEtec AS, signed a purchase agreement in April to supply rare metals for magnets used in electric m...
With renewed interest in nuclear to generate zero-carbon electricity for the clean energy future, coupled with Russia's ongoing war in Ukraine, the past-producing Ross-Adams uranium mine on Ucore Rare Metals Inc.'s Bokan Mountain project in Southeast Alaska has caught the attention of unnamed parties interested in this potential domestic source of nuclear fuel. While Ucore says it is entertaining the unsolicited offers to investigate Bokan's uranium potential, any efforts on t...
Kinross Gold Corp. has finalized the sale of its Kupol Mine and gold exploration properties in Russia's Far East to the Highland Gold Mining group of companies for US$340 million in cash. On June 15, Kinross reported that it has already received $300 million in U.S. denominated cash in its corporate account and will receive a deferred payment of $40 million on the one-year anniversary of closing the sale of all its assets in Russia. Highland Gold Mining had previously agreed...
Recent analysis by University of British Columbia Professor Greg Dipple indicates that tailings from a mine at the Wellgreen nickel-copper-cobalt-platinum group metals deposit on Nickel Creek Platinum Corp.'s Nickel Shäw project in southeastern Yukon could absorb large quantities of carbon dioxide from the atmosphere. About 15 years ago, Dipple realized that ultramafic rocks such as those that host the nickel-rich mineralization at Wellgreen are among the largest carbon...
Tahltan Central Government, Skeena Resources Ltd., and British Columbia have signed a landmark agreement that reshapes the mine permitting process in Tahltan Territory, the province, and potentially across all of Canada. Under this historic pact, Skeena's Eskay Creek gold-silver project will be the first proposed mine in BC to have permits authorized by an indigenous government, marking a significant step toward incorporating the principles of the United Nations Declaration...
Fireweed Zinc Ltd. has agreed to buy the Mactung tungsten project from the Northwest Territories government for C$15 million (US$11.8 million), an acquisition that further expands the company's growing portfolio of critical mineral assets. Mactung lies within the traditional territories of the Kaska Dena and First Nation of Na-Cho Nyäk Dun, as well as the Sahtu Dene and Métis land claims settlement area of western Northwest Territories. This critical metal property s...
American West Metals Ltd., a junior led by two mining industry veterans from Australia, has returned to the Arctic this year for a second field season in pursuit of rich deposits at the Storm Copper project on Somerset Island in northeastern Nunavut. Storm hosts a 120-kilometer (75 miles) mineralized trend within an extensive 4,145-square-kilometer (1,600 square miles) land package that covers multiple copper and zinc geochemical anomalies along strike. In March 2021,...
In a polarizing announcement, the Environmental Protection Agency released a revised Proposed Determination under Clean Water Act Section 404(c) to prohibit and restrict the use of certain waters in the Bristol Bay watershed. If finalized, the decision would lock out any future for a Pebble mine, and the enormous quantities of copper and other resources it could provide for the global transition to renewable energy. "This is clearly a giant step backwards for the Biden...
Nearly all the 50 minerals critical to the United States can be found at mines, deposits, and prospects across Alaska. Intriguing lithium occurrences, however, have not been identified in America's Last Frontier – until now. Discovery Alaska Ltd. says it has identified lithium at the Coal Creek prospect on its Chulitna property about four miles west of the Parks Highway midway between Anchorage and Fairbanks, Alaska. Discovery acquired the Chulitna property early last year t...
With global zinc demand outpacing supply and the transition to renewable energy creating even more need for the galvanizing metal, Teck Resources Ltd. has launched an initiative to realize value from its portfolio of world-class zinc development assets – most of which are in Alaska and Northern British Columbia. "The market outlook for zinc is strong, due to declining production from existing primary zinc mines, underinvestment in global exploration for zinc, and long-term d...
FAIRBANKS, Alaska (May 10, 2022) – "We truly have a bright future for mining in the state if we are allowed to pursue it," was the message Alaska Gov. Mike Dunleavy delivered to the more than 250 people that gathered to celebrate the 10th anniversary of Alaska Mining Day. While commemorating the intrepid pioneers that first ventured North in pursuit of Alaska's rich mineral potential and celebrating the mining's current contributions to the state's economy, Dunleavy said t...
Doyon Ltd., the Alaska Native Claims Settlement Act regional corporation for Interior Alaska, is strengthening its partnership with Tectonic Metals Inc. with another investment into the equity of the company exploring for gold on Doyon and state lands in Alaska. "Working on Native Owned Land is one thing, but being funded by Alaska Natives to explore on their land is something completely different," said Tectonic Metals President and CEO Tony Reda. "It is truly an honour, a...
United States District Court Judge Sharon Gleason confirmed the U.S. Department of Interior's request to remand the previously issued federal permits for construction of the proposed 211-mile Ambler Access Project but ruled the permits will not be terminated altogether. Earlier this year, DOI requested a voluntary remand of the previously issued joint record of decision that authorized a right-of-way across federal lands for building the industrial-use-only road that would...
After its initial maiden resource estimate in 2020, Banyan Gold has been determined to expand the resource at its AurMac property in the Yukon to more than 3 million ounces of gold, after extensive exploration consisting of large systematic step-out drilling the company has blown well over that mark, achieving nearly 4 million ounces on this northern Canada mine. Located about 40 kilometers (25 miles) south of Victoria Gold Corp.'s Eagle Gold Mine and adjacent to Alexco...
With its Alaska Strategic Metals Complex on pace for completion in 2024, Ucore Rare Metals Inc. has launched a trenching and bulk sampling program at Bokan Mountain that will provide the information needed for a prefeasibility study that details the plan for a mine at the rare earths project in Southeast Alaska. Located on Prince of Wales Island, the Dotson Ridge deposit at Ucore's Bokan Mountain project hosts 4.79 million metric tons of indicated resource containing 31,722...
Independent testing commissioned by the Alaska Industrial Development and Export Authority demonstrates that Ucore Rare Metals Inc.'s RapidSX rare earth elements separation technology is in fact faster, cheaper, more efficient, and environmentally sound than the conventional mixer-settler solvent extraction method it was designed to replace. Fundamentally, RapidSX is a modernization and technological upgrade to the conventional solvent extraction technique that has been the st...
In preparation of bringing its Alaska Strategic Metals Complex online in 2024, Ucore Rare Metals Inc. has streamlined its management and technical teams and secured new feedstock for the future rare earths separation plant. To be developed near the Southeast Alaska port town of Ketchikan, the Alaska SMC is a processing facility that will do the hard work of separating rare earths into the individual elements that are used in a variety of high-tech applications. Though often...
At a time when the state is looking at being infused with billions of federal dollars to invest in upgrading roads, bridges, rails, ports and other infrastructure, the Alaska Industrial Development and Export Authority board has authorized an independent study of the 800-mile trans-Alaska transportation corridor that extends from the Ambler Mining District to ports in and around Anchorage. Sitting roughly 200 miles west of Alaska's limited highway network, the Ambler District...
With its world-class mineral potential and favorable mining policies, Western Australia reclaimed the crown as the best place to discover, permit, and build a mine, according to the mining executives that ranked 84 global jurisdictions for the Fraser Institute's Annual Survey of Mining Companies, 2021. Each year, Canada-based Fraser Institute calls on mining executives from around the world to rank global mining jurisdictions when it comes to mineral potential and a broad...
Kinross Alaska has donated $1 million to support the Troth Yeddha' Indigenous Studies Center, a 34,000-square-foot facility to be built on the University of Alaska Fairbanks campus that will provide a center for Alaska Native programs and support indigenous student success. "This is much more than a building. It is a space and tangible symbol of honoring and valuing Alaska's first people," Kinross Alaska External Affairs Director Anna Atchison said upon announcing the donation...
Contributing 17,001 ounces of gold over the first 22 days after Newcrest Mining Ltd. acquired Brucejack Mine, this high-grade underground operation in British Columbia's prolific Golden Triangle is already bolstering the Australia-based company's bottom line. "In March 2022, we completed the Pretium acquisition, adding the world class Brucejack mine to our already exceptional asset portfolio, generating immediate gold production and cash flows this quarter," said Newcrest Mini...
While hailing President Joe Biden's use of the Defense Production Act to bolster domestic production of critical lithium-ion battery minerals and metals as good news for the Far North State's mining sector, Alaska Gov. Mike Dunleavy says this move contradicts actions taken by the administration to reevaluate a road to the Ambler Mining District. "I fully support the President making the development of these minerals a priority in our nation's interest. But the Biden...
Tahltan Central Government says Newmont Corp.'s plans to turn over properties to the Tahltan Nation for land use planning does not address all the concerns its people have about the gold mining company's plans for development on a large gold-copper project near the community of Iskut, British Columbia. "The Tahltan Central Government is clear to outside governments, industry and the world that working alongside the Tahltan Nation as true partners is a must. No exceptions,"...
On the heels of a productive exploration season in 2021 at the MacMillan Pass Project in Yukon Territory, Fireweed Zinc Ltd. has attracted additional capital from lead shareholders, including Australia-based Ibaera Equity Group and Teck Resources Ltd. The new infusion of capital – C$9.7 million in March and C$5.2 million in December – acknowledges the giant-sized zinc-lead-silver potential of the 940-square-kilometer package of mining claims now emerging in a fertile cor...
