Stories from May, 2024

Periodic table entry for uranium in neon blue.

Exploring Alaska's largest uranium deposit

Shane Lasley, Mining News | May 23, 2024

Panther Minerals takes fresh look at Boulder Creek as a potential source of fuel for zero-carbon nuclear energy. With global leaders pledging to triple worldwide nuclear energy generating capacity by 2050 during the United Nations Climate Change Conference (COP28) and the United States banning the imports of uranium from Russia, companies are scouring the globe for this zero-carbon energy fuel. This search includes Panther Minerals Inc.'s upcoming exploration of the Boulder...

Closeup of drill core with significant copper mineralization and veining.

Brixton launches 2024 drilling at Thorn

Shane Lasley, Mining News | May 23, 2024

BHP backed drill program is focused primarily on testing new porphyry copper-gold targets. Brixton Metals Corp. has launched a 12,000- to 17,000-meter drill program focused on testing several porphyry copper-gold targets across its 2,863-square-kilometer (1,105 square miles) Thorn project in Northern British Columbia. Having successfully completed an oversubscribed C$14.5 million (US$10.6 million) financing in November that included the participation by BHP Group, which holds...

Heavily mineralized rock with veining and orange, red, and purple colorization.

US, Canada back Fortune's NICO project

Shane Lasley | May 17, 2024

Marks first time ever that U.S. and Canadian governments co-invest in development of North American critical mineral projects. The U.S. Department of Defense (DOD) and Natural Resources Canada (NRCan) are investing a combined $12 million into establishing a vertically integrated critical minerals supply chain in Canada that includes a mine at Fortune Minerals Ltd.'s NICO cobalt-gold-bismuth-copper project in Northwest Territories and associated hydrometallurgical refinery in...

The White House during a spring day in Washington, DC.

White House actions boost Graphite One

Shane Lasley, Mining News | May 16, 2024

From 25% tariffs on graphite imports from China to mining being eligible for $72B in clean energy loans, Alaska project gets good news from DC. Graphite One Inc. President and CEO Anthony Huston was among a select group of industry leaders in attendance when President Joe Biden rolled out his plan to levy heavy tariffs on a wide range of goods from China, including natural graphite. "I was honored to represent everyone at Graphite One in the meeting with President Biden,"...

Banner for Fraser Institute Annual Survey of Mining Companies 2023.

Policy holds back North of 60 potential

Shane Lasley, Mining News | May 23, 2024

Mining executives rank Alaska, Yukon, B.C., NWT, and Nunavut high on mineral potential; mining policy issues, however, weigh on "Investment Attractiveness Index" in latest Fraser Survey. While global mining executives ranked Alaska, British Columbia, Northwest Territories, Nunavut, and Yukon in the top 20 when it comes to mineral potential, a not-so-favorable view on mining policy weighs on the investment attractiveness index of all these North of 60 Mining jurisdictions in...

Front of roadside store with two enormous jade boulders in the parking lot.

Province orders halt to NW BC jade mining

Shane Lasley, Mining News | May 16, 2024

Mining companies say provincial order is final nail in the coffin for the NW BC jade industry. British Columbia has banned any new jade mines in the northwestern corner of the province and has given companies mining this semi-precious stone in the area a five-year window to wind down operations. Provincial concerns over jade mining in northwestern B.C. began after receiving a 2020 letter from the Tahltan Central Government demanding the government take immediate steps to shut...

  • Fall foliage covers a ridge with the Alaska Range and a rainbow in the distance.

    U.S. GoldMining excited to grow Whistler

    Shane Lasley, Mining News | May 23, 2024

    With $10 million in the bank, company will focus its 2024 drilling on expanding and upgrading copper-gold resources at the Alaska project. U.S. GoldMining Inc. May 22 reported that its upcoming drill program at Whistler will focus on resource upgrade and expansion drilling at the Whistler and Raintree deposits on this porphyry copper-gold project about 105 miles northwest of Anchorage, Alaska. "We are excited to commence our 2024 exploration program at the Whistler...

  • Map of Felix Gold’s Treasure Creek property and newly opened claims.

    Felix Gold opens new NW Array potential

    Shane Lasley, Mining News | May 16, 2024

    Secures right to explore prospective gold expansion targets to the west of pending NW Array resource. Felix Gold Ltd. May 16 announced that it now has the ability to explore expansion targets adjacent to the Northwest Array (NW Array) gold target on its Treasure Creek project about 12 miles north of Fairbanks, Alaska. Felix began assembling a large land package covering gold prospects in the Fairbanks Mining District during 2020. A compilation of historical data and...

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