The mining newspaper for Alaska and Canada's North

Articles from the March 24, 2023 edition


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  • Articulating trucks, dozer, and compactor upgrade road during fall in Alaska.

    Contango reaches $70M finance agreement

    Shane Lasley, Mining News|Updated Apr 8, 2023

    Contango ORE Inc. March 20 announced that it has entered into an agreement with two financial institutions to arrange a US$70 million loan to help fund the company's portion of expenses to reach the first gold pour at the Manh Choh Mine project in Alaska. Being advanced by Peak Gold Joint Venture, owned 70% by Kinross Gold Corp. and 30% by Contango, the Manh Choh Mine is expected to produce roughly 1 million gold-equivalent oz, which includes the value of both the gold and...

  • Two snowcats plow snow for winter road to gold project in Alaska.

    West-Su Road unlocks AK opportunities

    Shane Lasley, Mining News|Updated Apr 8, 2023

    Extending Alaska's limited road network 100 miles northwest from the Port MacKenzie area near Anchorage into the West Susitna area would open up a new area for Alaskans to visit the great outdoors, provide highway access to this mineral-rich region, and create a new revenue stream for the state, according to an independent economic study carried out by McKinley Research Group. "The West Susitna Road is important for local residents and gaining fair access to hunting, fishing,...

  • A long straight stretch of two-lane highway in British Columbia.

    Trust and transparency in BC mining sector

    Updated Apr 8, 2023

    British Columbia is expecting a surge of mining activity to meet the demands for green technology. The Canadian Critical Minerals Strategy, released in November 2022, outlines the federal government's goals to increase domestic production of critical minerals, and BC will experience a significant share of this growth. The provincial government must be prepared for the increased scrutiny of the sector. According to a new University of British Columbia study, a revamp of how... Full story

  • Closeup of columns of liquids during the separation of rare earths with RapidSX.

    North of 60 rare earth executive carousel

    Shane Lasley, Mining News|Updated Apr 8, 2023

    Vital Metals CEO resigns after just 4 months; Ucore adds former Vital top executive to its growing team. With former Vital Metals Ltd. Managing Director Geoff Atkins joining the team at Ucore Rare Metals Inc. and John Dorward tendering his resignation as director and CEO of Vital, this week saw a carousel of executive changes at rare earths companies with ties to the North of 60 Mining area. Under Atkins' leadership, Vital transformed the Nechalacho deposit in Northwest...

  • Computer image of a tile with the lithium symbol and number and rocks.

    $35 million Li-FT for lithium exploration

    Shane Lasley, Mining News|Updated Mar 23, 2023

    Li-FT Power Ltd. March 22 announced that it has raised C$35 million (US$25.5 million) for exploration of its lithium properties in Canada, including the company's flagship Yellowknife Lithium project in Northwest Territories. Li-FT is a new junior exploration company formed early last year to explore and develop projects for hardrock lithium, which is in high demand for the batteries powering electric vehicles. After picking up some promising projects in Quebec, the company ac...

  • A collection of large yellow, white, and brown rough diamonds with one cut gem.

    Transitional year for Mountain Province

    Shane Lasley, Mining News|Updated Mar 23, 2023

    Mountain Province Diamonds Inc. March 23 reported that strong diamond prices during 2022 resulted in the company's highest-ever annual revenue from the Gahcho Kué Mine in Canada's Northwest Territories. Owned under a joint venture between Mountain Province (49%) and De Beers Canada Inc. (51%), Gahcho Kué produced 5.52 million carats of diamonds during 2022. While this is a 12% drop from the 6.23 million carats produced during 2021, higher diamond values last year more than m...

  • Map showing location of each company’s primary mine property.

    Two BC explorers join Kitsault mill complex

    A.J. Roan, Mining News|Updated Mar 23, 2023

    Blackwolf Copper and Gold Ltd. March 21 announced it has updated its earlier agreement with Dolly Varden Silver Corp. and New Moly LLC to study the viability of building a mill complex on New Moly's Kitsault project in Northern British Columbia with the addition of two new companies interested in partaking in the study – Goliath Resources Ltd. and Coast Copper Corp. At the beginning of February, Blackwolf, Dolly Varden and New Moly reported strong interest in consolidating o...

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