North of 60 Mining News - The mining newspaper for Alaska and Canada's North

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By A.J. Roan
Mining News 

ATAC acquiesces to Hecla's superior offer

Rackla, Connaught to Hecla; new Spinco keeps old ATAC assets North of 60 Mining News - February 22, 2023


Last updated 2/23/2023 at 3:02pm

Hecla employees leaving work after a day of mining.

Hecla Mining Company

With over a 100 years of operating experience, ATAC felt that Hecla could provide the company with the security and financial wherewithal to support continued growth.

ATAC Resources Ltd. and Hecla Mining Company Feb. 21 announced the mutual entering of a non-binding letter of intent for Hecla to acquire all issued and outstanding shares of ATAC.

Less than a week after facing pressure from Victoria Gold Corp. for its own bid to acquire ATAC, the company has chosen what it views as a more valuable transaction.

You can read about Victoria Gold's bid for ATAC at...

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