The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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As a mineral-rich Canadian province and a top global hub for mineral exploration and mining, British Columbia has the geology and technical expertise to be a global powerhouse when it comes to supplying the minerals and metals needed for the clean energy transition. Canada's westernmost province, however, has been lagging many of its mining peers when it comes to a cohesive strategy to take full advantage of the generational opportunity on its doorstep. The provincial...
Lying just deep enough into the mining frontier that value of its world-class deposits copper, gold, silver, nickel, and other metals has not been fully realized, yet home to the industrial-grade hydropower, road access, and Pacific Rim ports needed to unlock its vast mineral potential, Northern BC is well-positioned to be a major source of precious, base, and critical metals in the 21st century. This particularly mineral-rich section of the Canadian Cordillera also happens...
Teck Resources Ltd. went into 2023 with a strategy to better position for the energy transition by spinning its steelmaking coal unit into the newly formed Elk Valley Resources, and advancing its copper- and zinc-forward metals assets under a rebranded Teck Metals Ltd. This proposed reorganization, however, was stymied by an aggressive takeover bid by Glencore that wanted to incorporate Teck's coal and metals assets into its own reorganization plans. While Teck fended off...
Is it time for BC, Yukon, Alaska to forge an alliance to unlock critical mineral wealth, usher in new era of prosperity in the 21st century? The extremely mineral-rich geology that sweeps in a roughly 1,500-mile (2,600 kilometers) arc from the southern tip of British Columbia's Golden Triangle, through the Yukon, and onward to Alaska's west coast does not recognize the borders it spans. Likewise, the opportunities and challenges related to unlocking the precious, industrial, a...
From breaking ground at Alaska's next gold mine to the advancement of North of 60 projects focused on delivering the metals needed for the transition of low-carbon energy, and an impressive safety milestone at Alaska's only coal mine to a history of the helicopters that make mineral exploration across the North possible, here is a countdown of the 10 most popular North of 60 Mining News articles in 2023: No. 10 - CORE celebrates Manh Choh, Lucky Shot Contango Ore Inc., a...
Raging wildfires and record hot temperatures challenged the well-laid plans of a score and more of mineral explorers in Canada's Yukon this year as the 2023 field season shifted into high summer. Most of the companies, however, managed to carry out their exploration for gold, silver, copper, and other minerals across the territory. The fierce and sometimes out-of-control blazes marked one of the worst wildfire seasons seen in Canada in nearly 30 years, consuming more than...
Calculating a new resource for Niblack, growing its management, organizing talks of a centralized mill in Northern British Columbia, and drilling bonanza-grade gold at its first Golden Triangle project on the British Columbia side of the border, last year's hunt was plentiful for Blackwolf Copper and Gold Ltd. Early last year, Blackwolf announced an agreement with Dolly Varden Silver Corp. and New Moly LLC to explore the possibility of building a centralized mill on New...
With a summer marred by unprecedented wildfires behind them, companies exploring the mineral-rich Northwest Territories are reporting impressive results from their 2023 programs. Seeking new deposits of valuable minerals, ranging from ever-popular diamonds and precious metals to recently designated "critical minerals," such as lithium, rare earth elements and zinc, a score of explorers took to the field across the territory. "An exciting new chapter is emerging for mining in t...
As 2023 raced toward its final weeks, mining explorers working in Canada's northernmost territory wrapped up ambitious campaigns to identify new deposits of various lucrative minerals, ranging from cobalt to copper and gold to uranium. Both mineral production and exploration spending in Nunavut decreased in 2022 compared with the previous year's totals, and another drop is expected for 2023. Natural Resources Canada earlier projected a 28% decrease in planned spending for...
From neighboring gold explorers merging to create a district-scale project that will likely be attractive to majors, to Glencore making an aggressive bid to buyout Teck Resources Ltd., 2023 was a year of North of 60 mergers, acquisitions, and attempts at takeovers. The multi-billion-dollar M&A frenzy across Alaska and Canada's North was underscored by B2Gold's roughly C$1.1 billion (US$820 million) acquisition of Sabina Gold & Silver Corp. and the Back River Gold Mine project...
After establishing its position as a leading zinc-lead-silver explorer in northern Canada, Fireweed Metals Corp. set out in late 2022 to broaden its focus in both geography and commodities. Partly defying the age-old adage to stick to what you know, the longtime explorer of the district-scale Macmillan Pass zinc-lead-silver project ventured across the border into Northwest Territories to acquire two projects. While the Gayna River zinc-lead-silver-gallium-germanium project is...
Teck to receive a total of $8.2B for coal assets in Southern BC; cash infusion to bolster focus on clean energy metals. In a deal that finds a middle ground between the ambitions and future visions of two mining companies, Teck Resources Ltd. has agreed to sell its steelmaking coal assets in Southern British Columbia to Glencore for around US$6.9 billion. "This sale will ensure Teck is well-capitalized and able to realize value from our base metals business and deliver strong...
After getting a conditional green light in 2022 from regulators to advance the proposed ABM Mine at its Kudz Ze Kayah property in Southeastern Yukon, BMC Minerals Ltd. has completed a favorable economic review of its plan for a hardrock operation and developed new exploration targets on the property. BMC Minerals wants to extract 1.8 million metric tons of zinc, 350,000 metric tons of lead and 600,000 metric tons of copper from the Kudz Ze Kayah deposits located within the...
Like many other northern regions, Canada's North was settled because of its mineral resources. When the Canadian Dominion Government first purchased its arctic regions from the British Crown in the late 1800s, the Northwest Territories was seen as a vast stretch of cold, inhospitable land and was thus largely ignored at the time. However, due to the Klondike Gold Rush, the future of these northern lands would change forever. These days, a new rush has arisen, a white gold...
From promising solid-state battery technology that could eliminate range anxiety for electric vehicle owners to solar panels and thermoelectric devices that transform sunshine and heat into low-carbon energy, tellurium is emerging as a secret ingredient of the clean energy future. "It has flown largely under the radar, even though it's essential for cadmium-telluride solar panels and new lithium-tellurium batteries that could revolutionize energy storage," said Tyrone...
Blackwolf Copper and Gold Ltd. July 28 announced the launch of its maiden drill program at the company's Cantoo Mountain project on the Alaskan side of British Columbia's famed Golden Triangle. Situated immediately east of the Premier gold-silver mining project currently in development by Ascot Resources Ltd. and likely part of the same metallogenic system, the Cantoo property hosts multiple shallow southwest dipping vein structures up to 30 meters true thickness. Just a...
With all due apologies to our Canadian friends (who celebrate their independence on Saturday), next Tuesday is our big day! Cynicism aside, it is time to recognize just how great America is in general and Alaska is in particular. Gender issues, abortion issues, gun issues, immigration issues, issues with big government, issues with state and local governments, issues with criminal trespassers on the capitol grounds, issues with the criminal prosecutions of a former President...
Launches a 1.5- year program to explore wider potential of high-grade silver-zinc-lead project in Northern BC. With recent exploration indicating that the resource outlined at Silvertip may be just a portion of a much larger mineralized system, Coeur Mining Inc. is launching a comprehensive exploration program at this high-grade silver mine project in the northernmost reaches of British Columbia. Going into 2023, Silvertip hosted 7.04 million tons of measured and indicated...
Fireweed announces MRE for tungsten that could supply North America for decades. Acquiring the Mactung tungsten project from the Northwest Territories government for C$15 million last year, Fireweed quickly consolidated previous data and new assessments to release a mineral resource estimate that ranks this property as the largest high-grade tungsten resource in the world. "In one year, we have gone from signing an initial letter of intent to a definitive asset purchase...
While the journey west during the frontier days often paints a picture of strife and hardship, not every tale was filled with sorrow and loss. Although covered wagons were definitely a thing, the journey toward greener pastures became much less arduous as steamboats and stagecoaches followed routes mapped by the earliest pioneers. However, it was the coming of the railroad that increased the speed of the trek, and its effectiveness in travel persists even today. For much of...
After $8.2 billion cash offer for coal assets, Teck calls Glencore's merger bid a non-starter. Despite an $8.2 billion cash sweetener, Teck Resources Ltd.'s board of directors is holding steadfast to its position that Glencore's aggressive bid to buy out the Canadian miner is a non-starter. "Glencore has made two opportunistic and unrealistic proposals that would transfer significant value to Glencore at the expense of Teck shareholders," Teck Resources Chair Sheila Murray...
Offers $8.2 billion for BC coal assets ahead of a merger that provides Teck shareholders 24% stake in MetalCo. Teck Resources Ltd. continues to rebuff an increasingly aggressive buyout bid by Glencore, which hopes to merge with the Canadian mining company and then create two new companies that would advance the coal and metals assets resulting from the combined portfolio. This plan to create separate coal and metal mining companies is a continuation of a demerger strategy set...
Glencore says it is willing to cut a deal directly with shareholders if a planned split of Teck's metal, coal assets is stopped. With Teck Resources Ltd.'s board of directors and management refusing to consider its roughly US$22.5 billion (C$30.3 billion) merger proposal, Glencore is taking its increasingly aggressive takeover bid directly to the diversified Canadian mining company's shareholders. "Glencore is willing to make an offer directly to Teck shareholders if the...
NorZinc Ltd. April 20 announced the completion of a 170-kilometer (about 105 miles) pioneer winter road to the Prairie Creek Mine, which serves as the first phase of an all-season access road to the zinc mine in Canada's Northwest Territories. Prairie Creek is the site of a historical zinc-silver mine that was developed in the 1970s and 1980s but was never ramped up to full production due to a collapse in the price of silver that supported the economics of the project....
Core Assets Corp. April 11 reported strong copper and associated silver was encountered during 2022 channel sampling at the Kim skarn target on the company's 113,900-hectare (281,500 acres) Blue property in Northern British Columbia. Located along BC's border with Alaska in the Atlin Mining District, the district-scale Blue land package hosts high-grade skarn, carbonate replacement, and porphyry prospects enriched with copper, gold, zinc, silver, and lead. Since assembling the...
