The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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The North of 60 Mining area hosts billions of pounds of copper ready to be delivered to a world craving this metal in sky-high demand for wiring the electric vehicles and renewable energy infrastructure that would enable the envisioned low-carbon future. Whether enough of these copper-rich projects are developed in time to circumvent a short circuit of the clean energy transition remains to be seen. Global Market analysts such as S&P Global have predicted that copper... Full story
Osisko Metals Inc. has finalized a joint-venture agreement with one of the world's leading mining and metals investment advisors that could propel its Pine Point project in Northwest Territories into becoming one of the top-10 zinc-lead producing mines in the world. Inked in late February, the estimated C$100 million deal with Appian Capital Advisory LLP, a unit of Appian Natural Resources Fund III LP, won speedy approval from Osisko Metals' shareholders in mid-March....
Strategic Metals Ltd., surely the most active project generator in northern Canada, recently reported substantial mineral exploration and transaction activities in 2022 and early 2023. This includes an update in January on exploration at Mount Hinton, a gold-silver project in Yukon's Keno Hill District that lies immediately southeast of Hecla Mining Company's Keno Hill Silver Mine, 35 kilometers (22 miles) southeast of Victoria Gold's Eagle Mine, and 25 kilometers (16 miles)...
The Northwest Territories capital city of Yellowknife is emerging as a northern link in North America's electric vehicle supply chain. Already home to Canada's only rare earths mine, a 160-kilometers (100 miles) area around this northern mining town happens to be enriched with the lithium and cobalt that is in massive demand for EV batteries, along with numerous other minerals critical to both Canada and the United States. A roughly 9,600-square-kilometer (3,700 square miles)... Full story
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...
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...
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...
ANCHORAGE, Alaska: Gathering together leaders, decision-makers, and experts toward the common goal of understanding the value of Alaska's mineral endowment and how to unlock it for America's net-zero emission goals, the U.S. Department of Energy's Office of Fossil Energy and Carbon Management hosted a two-day workshop bringing attention to carbon management and critical minerals and how the Last Frontier will be a keystone in achieving the country's lofty ambition. Held at...
Millrock Resources Inc. March 1 announced that it is shifting its focus to exploration of Nikolai, an Alaska project prospective for a large deposit of critical energy metals such as nickel, copper, cobalt, and platinum group elements. As part of this shift in focus, the company plans to change its name to Alaska Energy Metals Corp. and complete a 10-to-one share consolidation. "Despite strong execution of the project generator model over the past few years, Millrock's share...
Gold dominates Alaska mineral exploration, but a critical shift arises. Since the discovery of gold in what is now the Alaska capital city of Juneau, prospectors, geologists, and fortune seekers have spent more than 140 consecutive summer seasons exploring The Last Frontier's golden potential. With these endeavors turning up rich aurum lodes in every corner of the state, except for the oil-rich North Slope, the nearly century-and-a-half tradition of seeking and discovering wor... Full story
Though effects of the COVID-19 pandemic lingered, mineral explorers rushed to the Yukon like moths to a flame during 2022. Mining's most daring sector rallied to generate the busiest field season seen in Canada's westernmost territory in years. In June, Natural Resources Canada projected mineral exploration and deposit appraisal spending in Yukon during 2022 to total C$157.9 million, up 14.5% from C$135.1 million estimated for 2021 and nearly double C$83.6 million in 2020.... Full story
The increasing number of electric vehicles charged with renewable energy, connected to 5G networks, and boasting the computing power of 200 laptops to autonomously traverse global highways is creating a meteoric rise in demand for the minerals and metals critical to clean energy and high-tech. Benchmark Mineral Intelligence, the foremost authority on lithium battery supply chains, estimates that more than 300 new mines will need to come online by 2035 – just to produce the c... Full story
As a project-generating exploration company, Millrock Resources Inc. identifies and secures grassroots mineral projects and brings on partners to fund the high-risk early stages of exploration. During 2022, two Australian companies had drills turning on large gold properties Millrock assembled in Alaska's Fairbanks and Goodpaster mining districts. The largest of these programs was carried out by Felix Gold Corp. on the Treasure Creek property in the Fairbanks District, a... Full story
Originally formed as a private company in 2018, Valhalla Metals Inc. launched onto the TSX Venture Exchange in the fall of 2022 with two high-grade volcanogenic massive sulfide projects at either end of Alaska's famed Ambler Mining District that are enriched with copper, zinc, silver, and gold. "In a time when the United States is working to secure domestic sources of critical minerals, we are happy that we could successfully complete the transaction to acquire two high-grade... Full story
Strategic Metals Ltd., a longtime project generator in the Yukon, is helping to spur industry interest in the prospectivity of the territory's southwestern region for critical minerals as more explorers undertake projects in this underexplored region. Strategic optioned 70% ownership interest in Hopper, a 74 square-kilometer (28.6 square miles) multi-target porphyry copper-molybdenum project with significant copper-gold-silver peripheral skarn mineralization to CAVU Mining...
Mining activity in Northwest Territories held steady in 2022 despite constraints imposed by the ongoing COVID-19 pandemic as a cadre of mainly junior mining companies took up the international challenge to seek out large deposits of critical minerals. Early in the year, government officials noted that industry interest in diamonds, gold, and especially critical minerals boded well for the NWT economy in the coming year. "An exciting new chapter is emerging for mining in the... Full story
Pushes ahead AK mine, WA plant to meet vast EV battery demand. As automakers look to secure the graphite required for lithium-ion batteries that will power the hundreds of millions of electric vehicles expected to traverse global highways over the next three decades, Graphite One Inc. continues to put milestones in its rearview on a journey to develop a mine at its Graphite Creek project in Alaska and advanced graphite processing facility in America's Pacific Northwest. "Our s... Full story
Has the discovery and development of the mines essential to meeting the massive demand for battery metals, copper, rare earths, and other critical minerals reached the end of the road? Not a metaphorical end where the visions of electric vehicles charged with sunshine are dashed – halting the demand for green energy and technology metals. Instead, I am speaking to pioneering critical mineral supply chains beyond the literal end of the limited highways extending into Alaska a... Full story
Northern Star Resources Ltd. Dec. 21 acquired a 10% interest in mineral exploration company PolarX Ltd. Both Australia-based companies have interests in Alaska – Northern Star owns and operates the high-grade Pogo gold mine, and PolarX is exploring the district-scale Alaska Range copper-gold-silver project about 100 miles (165 kilometers) southwest of Pogo. For Northern Star, Pogo Mine is the company's first operation outside of Australia. The major gold producer with a m...
Li-FT Power Ltd., a relatively new junior exploration company led by a team with a track record of discovering and financing mineral projects, has acquired an exciting hardrock lithium project that covers most of the Yellowknife Pegmatite Province in Northwest Territories. The Yellowknife lithium project covers at least 14 pegmatites – igneous rocks with exceptionally large crystals that are the major source of hardrock lithium worldwide – on mineral leases that are 30 kil... Full story
With mineral exploration expenditures nearly doubling over the past year, Nunavut has dethroned Yukon as the most popular Canadian territory to discover and expand deposits of industrial, precious, and critical minerals. According to preliminary estimates published by Natural Resources Canada, roughly C$232.4 million (US$173.7 million) will be spent on exploration and deposit evaluation in Nunavut this year, a 95% leap from over the C$119.2 million (US$89.1 million) invested... Full story
PhotonAssay tech offers a modern, faster alternative to fire assaying for gold analysis. Assays are the very crux of mineral exploration – timely results returned from the lab help guide the search for orebodies and let investors know that the dollars being poured into drilling and sampling is money well spent. With assay lab turnaround times in a post-COVID world being measured in months instead of weeks, mineral exploration geologists are without an important tool for v...
As Alaska-based company preps for 2023, Alaska Delegation calls for swift Ambler Road resolution. After spending this summer preparing for its initial drill program at the Sun copper-zinc-silver-gold project in Northwest Alaska, Valhalla Metals Inc. commends the Alaska Delegation's support for the proposed Ambler Road that would run right by this potential domestic source of green energy metals that lies along the route to the Arctic Mine project to the west. According to a...
Having identified 12 high-priority targets from high-resolution geophysical data, StrategX Elements Corp. is planning to conduct a first-phase, 2,000-meter diamond drill program on its Nagvaak project in Nunavut. Nagvaak is one of three projects that the aggressive junior is exploring in the Far North territory's mineral-rich Melville Peninsula. StrategX said it has defined drill targets with potential for a major discovery in energy transition metals on the Nagvaak property...
ZincX Resources Corp. Nov. 15 reported that it has received high-resolution lidar data that will aid future exploration and development on Akie and Mt. Alcock, two of 11 properties that make up the company's expansive land package that covers a 140-kilometer- (87 miles) long stretch of the Kechika Trough in Northern British Columbia. The Cardiac Creek deposit at Akie, the most advanced of the properties fully owned by ZincX, hosts 22.7 million metric tons of indicated...
