The mining newspaper for Alaska and Canada's North

Articles from the March 31, 2023 edition

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  • Helicopter approaches a drill testing the mineral-rich Arctic deposit in Alaska.

    AIDEA approves $45M Ambler Road plan

    Shane Lasley|Updated Apr 8, 2023

    Board approves large budget for pre-development work on road to Alaska area rich in critical metals. Based on a directive made by Congress more than 40 years ago and its own mission to promote economic growth and diversity in Alaska, the Alaska Industrial Development and Export Authority board of directors has approved $44.8 million to advance pre-development work on the Ambler Road project in Northwest Alaska. "Thanks to the AIDEA Board of Directors for authorizing the 2023...

  • Group photo in front of a partially assembled Westinghouse eVinci microreactor.

    Dunleavy tours eVinci microreactor lab

    Shane Lasley, Mining News|Updated Apr 8, 2023

    Has firsthand look at development of potential low-cost power solution for rural Alaska areas. A vast landscape dotted with rural communities far from any centralized electrical grid and little to no sunshine during the cold winter days when energy is needed most, Alaska offers some unique challenges when it comes to delivering affordable low-carbon power to residents and businesses. "We have more microgrids than anywhere else in the country, perhaps, possibly, the world,"...

  • Glove offers perspective of the much larger copper-rich rock discovered at Nico.

    Fortune seeks critical mineral funding

    Shane Lasley, Mining News|Updated Apr 8, 2023

    Fortune Minerals Ltd. March 23 reported that it is in discussion with the Canadian, United States, and European Union governments to secure financial support for the development of the company's Nico cobalt-bismuth-copper-gold project in Canada's Northwest Territories. Located about 150 road-kilometers (95 miles) north of the Canadian rail system at Hay River, NWT, Nico is a near-development stage project that includes an intriguing mix of critical and precious metals....

  • Western Copper and Gold’s Casino project camp in Canada’s Yukon.

    Mitsubishi to invest in Western Copper

    A.J. Roan, Mining News|Updated Mar 30, 2023

    Western Copper and Gold Corp. March 24 announced a C$21.3 million (US$15.6 million) investment from Mitsubishi Materials Corp. to help advance the company's Casino copper-gold project in Canada's Yukon. Located about 300 kilometers (186 miles) northwest of Whitehorse, this world-class project that Western Copper and Gold has been advancing since acquiring the property in 2008 is found within the traditional territory of the Selkirk First Nation. Historically, two...

  • Geologists traverse a highly mineralized outcrop at the Muskox project.

    SPC Nickel expands Nunavut land package

    Shane Lasley, Mining News|Updated Mar 30, 2023

    SPC Nickel Corp. March 28 announced a major expansion of its Muskox nickel-copper-platinum group metal project in Nunavut. Under an option agreement with Bathurst Metals Corp., SPC has the right to acquire full ownership of the McGregor Lake and Speers Lake properties, which cover roughly 178.4 square kilometers (68.9 square miles) of the Muskox intrusion in the Kitikmeot region of western Nunavut. These new properties consolidate SPC's land position over the Muskox...

  • A green helicopter landed in front of orange-stained mountains at Rogue.

    Snowline closes $19.2M deal with B2Gold

    Shane Lasley, Mining News|Updated Mar 30, 2023

    Snowline Gold Corp. March 28 announced the closing of C$19.16 million (US$14.1 million) financing that involved B2Gold Corp. buying a 5% interest in the Yukon-focused gold explorer through the purchase of 3.94 million flow-through shares at C$4.86 per share. "B2Gold is a major global gold producer with a strong track record of growth built on a demonstrated commitment to communities, sustainable mining and employee safety," Snowline Gold CEO Scott Berdahl said earlier this...

  • Looking through the trees at a mining face containing lithium-bearing pegmatite.

    North Arrow identifies 8 lithium targets

    Shane Lasley, Mining News|Updated Mar 30, 2023

    North Arrow Minerals Inc. March 30 reported that its ongoing data review has identified eight lithium targets on its newly acquired DeStaffany project in Northwest Territories. Acquired by North Arrow in January, DeStaffany is an early exploration project about 18 kilometers (11 miles) northeast of Vital Metals Ltd.'s Nechalacho rare earths mine that hosts two known lithium-tantalum-niobium bearing pegmatites – Moose 1 and Moose 2 – with some historical prospecting and sam...

  • Hands holding a section of drill core with a quartz vein infilled with gold.

    Historic New Polaris gold project pact

    Shane Lasley, Mining News|Updated Mar 30, 2023

    The Taku River Tlingit First Nation and Canagold Resources Ltd. March 29 announced that they have entered into a historic agreement that establishes a framework for a long-term cooperative and mutually respectful working relationship between the parties in support of Canagold's efforts to advance exploration and permitting activities at the New Polaris gold project on the Tulsequah River in Northern British Columbia. "Taku River Tlingit First Nation (TRTFN) is leading the way...