The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Alternative Earth Resources Inc. April 28 reported that it has decided to terminate its previously announced deal to acquire Kiska Metals Corp.'s Whistler copper-gold project in Southcentral Alaska.
Under a non-binding agreement reported by Mining News on April 19, Alternative Earth was to acquire full ownership of Whistler in exchange for issuing Kiska 24.5 million of its shares, which would represent half of the company's shares upon completion of the exchange.
Alternative Earth, which has been seeking the right project to jump into mineral exploration sector, said that it continues to assess various projects from mineral exploration to development stage.
Kiska said the holding costs for Whistler has been reduced to a manageable level, allowing the company to maintain the asset as it continues to seek joint venture or other arrangements on this prospective advanced stage exploration project.
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Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
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