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January 19, 2022 New Today

Helsinki shipyard contracts main equipment for new Nornickel Icebreaker

Moscow, January 19, 2022 — Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announces the start of construction of an icebreaker designed to expand the company’s transportation capacity. Finland’s Helsinki Shipyard Oy signed the contracts for the supply of the main equipment for the icebreaker ordered by Nornickel, and the ship model, designed by Aker Arctic, a design bureau, successfully…

Moscow, January 19, 2022 — Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announces the start of construction of an icebreaker designed to expand the company’s transportation capacity. Finland’s Helsinki Shipyard Oy signed the contracts for the supply of the main equipment for the icebreaker ordered by Nornickel, and the ship model, designed by Aker Arctic, a design bureau, successfully passed ice and open-water tests.

Rendered image showing the new icebreaker

Nornickel and Helsinki Shipyard are building an icebreaker that will comply with environmental safety standards. The icebreaker will navigate the Yenisei River basin, the Yenisei Bay and the Kara Sea, providing access to the Dudinka seaport for both Nornickel’s corporate fleet and partner vessels. The icebreaker will be commissioned to lay a canal in the Yenisey for company-owned Arc7 ice-class vessels and to tow additional chartered Arc5 cargo vessels with a deadweight of up to 20,000 tonnes. The icebreaker’s homeport will be Murmansk.

The concept design of the new icebreaker was developed in cooperation with Aker Arctic Technology Oy. The design work is now proceeding according to the schedule, including the ice model tests, which have already been successfully passed. Project procurement is also proceeding as planned and purchasing contracts for the main equipment for machinery and propulsion have already been signed. The construction work will begin in 2022 and the vessel is expected to be delivered to Nornickel for the winter season 2025.

“It is important for the Company to have the new icebreaker completed by the end of 2024. This will enable us to expand the transportation capacity required for Nornickel’s strategic investment projects as well as for the Norilsk renovation plans. We are pleased to announce that the vessel will be powered by LNG in line with the current environmental decarbonisation trends and will be the first LNG-powered icebreaker to guide vessels along the Northern Sea Route,” said Nornickel Senior Vice President Strategy, Strategic Projects, Logistics & Procurement Sergey Dubovitsky.

The new icebreaker will have an integrated dual-fuel diesel-electric power unit, which can use both LNG and low-sulphur diesel oil. This means that it will have great energy efficiency and a low carbon footprint. The new vessel will qualify as Icebreaker8 under the Russian Maritime Register of Shipping and will be able to navigate in snowy ice up to 2.0 metres thick, either ahead or astern. It will be equipped with a helipad and will be able to carry cargo.

The new icebreaker will complement Nornickel’s Arctic fleet, which consists of six Arc7-class reinforced ice-class vessels — five container ships and one reinforced ice-class tanker.

This press release was initially posted at: https://www.nornickel.com/news-and-media/press-releases-and-news/helsinki-shipyard-contracts-main-equipment-for-new-nornickel-icebreaker/type=releases

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January 19, 2022 New Today

Equinor awarded 26 new production licences on the Norwegian continental shelf

January 18, 2022 14:38 CET | Last modified January 18, 2022 15:04 CET Equinor employee at the Johan Sverdrup field in the North Sea. (Photo: Ole Jørgen Bratland / Equinor ASA)   Equinor has been awarded 26 new production licences by Norway’s Ministry of Petroleum and Energy in the 2020 Award in Predefined Areas (APA)…

January 18, 2022 14:38 CET | Last modified January 18, 2022 15:04 CET
Employee looking out to the North Sea - at the Johan Sverdrup field
Equinor employee at the Johan Sverdrup field in the North Sea. (Photo: Ole Jørgen Bratland / Equinor ASA)

 

Equinor has been awarded 26 new production licences by Norway’s Ministry of Petroleum and Energy in the 2020 Award in Predefined Areas (APA) – 12 licences as operator and 14 licences as partner.

“Exploration is essential to secure continued value creation on the Norwegian continental shelf (NCS). The APA rounds are very important to us and we are pleased about the award of new production licences,” says Jez Averty, Equinor’s senior vice president for subsurface in Exploration & Production Norway.

The 26 production licences are divided as follows: 12 in the North Sea, 10 in the Norwegian Sea og 4 in the Barents Sea.

Equinor’s ambition is to transform the NCS from an oil and gas province to a low-carbon energy province. In this transformation, oil and gas play a crucial role, both in delivering energy that is critical to society, but also through the expertise, technology and capital needed to realise the transformation.

Jez Averty - portrait

Jez Averty, Equinor’s senior vice president for subsurface in Exploration & Production Norway.
(Photo: Arne Reidar Mortensen / Equinor ASA)

 

“We believe in the NCS and that there is still substantial value to find and develop. A good example is our latest discovery, Toppand, which was awarded in the 2011 APA. This discovery shows the potential for value creation on the NCS, even in mature areas, through use of new information and modern exploration technology,” says Averty.

“We continue an active exploration strategy but focus on maximising value creation overgrowth and volume. At least 80 per cent of our exploration resources and investments will be concentrated around existing infrastructure – so-called near-field or infrastructure-led exploration,” says Averty.

There are several reasons why the company prioritises near-field exploration. These are mature areas on the NCS, where the geology is well known and the infrastructure is in place, thus the risk is lower.

“Near-field discoveries can be tied into existing infrastructure without large and costly new developments. In this way, we maximise the value of the infrastructure we have invested in for 40 years. In addition, these discoveries are characterised by high profitability, short payback period and low CO2 emissions,” says Averty.

In 2022, the company plans to take part in around 25 exploration wells, mainly near existing infrastructure. Most of the wells will be drilled in the North Sea, some in the Norwegian Sea and a few in the Barents Sea.

The original press release can be found on the Equinor website

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January 19, 2022 New Today

Cobalt and tellurium potential identified at Arctic Minerals’ gold-copper project Bidjovagge in Norway

Arctic Minerals AB (publ) is pleased to announce that it has identified significant values of the valuable battery metal cobalt and the semimetal tellurium at its 100%-owned Bidjovagge gold-copper project in Norway. This follows a recent study of drill cores dating from the period 2007 to 2012. Cobalt is primarily used in lithium-ion batteries, and…

Arctic Minerals AB (publ) is pleased to announce that it has identified significant values of the valuable battery metal cobalt and the semimetal tellurium at its 100%-owned Bidjovagge gold-copper project in Norway. This follows a recent study of drill cores dating from the period 2007 to 2012.

Cobalt is primarily used in lithium-ion batteries, and in the manufacture of magnetic, wear-resistant and high-strength alloys. Tellurium is mainly used in solar panels and thermoelectric devices. Both are essential for the ongoing electrification of the global economy.

A total of 144 core intervals showed values exceeding 1,000 ppm (0.1%) cobalt, with a maximum value of 7,780 ppm (0.778%). It is notable that some of these higher-grade values occur over extended intervals e.g.:

· Drillhole B08-02: 11.45 metres @ 4,135 ppm (0.41%) Co

· Drillhole B08-07: 9.0 metres @ 1,999 ppm (0.2%) Co

· Drillhole B08-10: 8.83 metres @ 1.07% Cu and 1,837 ppm (0.18%) Co

A total of 45 core intervals showed values exceeding 100 ppm (0.01%) of tellurium, with a maximum value of 500 ppm (0.05%). As with cobalt, higher-grade values of tellurium occur over extended intervals e.g.:

· Drillhole B07-04: 31.0 metres @ 5.3 g/t Au, 1.34% Cu, and 106 ppm Te, including 9.0 metres @ 10.8 g/t Au, 2.35% Cu and 275 ppm Te

· Drillhole 11-0041: 8.0 metres @ 271 ppm (0.027%) Te

· Drillhole B08-01: 6.0 metres @ 258 ppm Te (0.0258%) Te

· Drillhole N320B: 27.32 metres @ 3.11 % Cu, 0.58 g/t Au and 501 ppm Co, including 7.52 metres @ 5.27 % Cu and 1,075 ppm (0.10%) Co and 2.62 metres @ 3.02 g/ t Au and 100 ppm Te

The Company believes that the tellurium occurrence at Bidjovagge shows some similarities with the tellurium mineralisation at Boliden’s Kankberg gold-tellurium mine in Sweden, where tellurium content in the ore fed to the processing plan averaged 157.1 ppm in 2020 (Boliden, 2020).

Whilst the mineralogy of the cobalt and tellurium still has to be studied further, it is noteworthy that the higher grades of both cobalt and tellurium appear to be either close to or associated with the gold-copper mineralisation at Bidjovagge. In addition, the latest work indicates that less than 10% of all historic drill cores have been analysed for cobalt or tellurium. The Company therefore believes that there is considerable potential to identify further areas of cobalt and tellurium enrichment within the Bidjovagge project area.

Comment from CEO, Jonatan Forsberg:

The recent discovery of potential for cobalt and tellurium at the Bidjovagge project adds further value to the overall project, which is very encouraging. The discovery follows the update of the Mineral Resource estimate for gold and copper that was presented in December 2021. In 2021, Arctic Minerals was also granted prolongation of our oldest extraction permits in Bidjovagge, which were up for renewal. The Company was also, in 2021, granted six new exploration permits from the Norwegian authorities for mineral rights for further exploration. Management considers that these new exploration permits have excellent potential for further discoveries. Altogether this gives a solid base for the future development of the Bidjovagge project.

Updated Mineral Resource

In December 2021 Arctic Minerals presented an updated mineral resource estimate for gold and copper for the Bidjovagge project. The mineral resource classified as indicated has increased to 3.3 million tons compared with 2.3 million tons in the 2012 estimate. The grades in the indicated resource was 1.27 gram per ton gold and 0.97 percent copper. Total contained metal in the indicated resource was 134,000 oz (4,180 kg) gold and 32,200 thousand tons of copper. For more information, see press release December 15, 2021.

Prolongation of extraction permits

In October 2021, Arctic Minerals was granted prolongation of extraction permits (Bidjovagge 1-5) for the Bidjovagge project. The prolongation was granted by DMF (the authority in charge of mineral rights in Norway) for the period up until 2024. Arctic Minerals, through its subsidiary Arctic Gold AB, has in total nine extraction permits at the Bidjovagge project.

New exploration permits

Arctic Minerals has also in 2021 applied for, and was granted, five new exploration permits (Buljovarri 1-5) covering the likely northward extension of the ore-bearing zone. In addition, Arctic Minerals has also in 2021 applied for, and been granted, the new exploration permit Laemssejohka 32, covering a parallel ore zone.

Partnership

Arctic Minerals has initiated a process to seek a partner to further develop the Bidjovagge project.

Certified Advisor

UB Securities Ltd, of Helsinki, Finland, (www.unitedbankers.fi) is the Company’s Certified Advisor on Nasdaq First North Growth Market, Stockholm.

Other

The company’s shares are listed on Nasdaq First North Growth Market, Stockholm under the trade designation “ARCT”.

For further information

see the Company’s website at www.arcticminerals.se or contact:

Jonatan Forsberg, CEO

(+46) 76 105 1310

[email protected]

or

Risto Pietilä, Exploration Manager

(+358) 40 029 3217

[email protected]

About Arctic Minerals

Arctic Minerals is a Nordic mineral exploration company exploring for copper, gold and battery metals in northern and central Finland. The Group also owns mineral rights in Norway.

This information is information that Arctic Minerals AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (EU) 596/2014. The information was submitted for publication, through the agency of the contact persons set out above, at 10.20 CET on January 17, 2022.

The original press release can be found on the Arctic Minerals website

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January 18, 2022

Great interest in further exploration activity on the Norwegian shelf

Press release | Date: 18/01/2022 The Ministry of Petroleum and Energy offers 53 new production licenses on the Norwegian continental shelf in the licensing round APA 2021. — The petroleum industry contributes with large revenues, value creation and jobs across the country. I am therefore happy to offer 53 new production licenses in the predefined areas. Further…

The Ministry of Petroleum and Energy offers 53 new production licenses on the Norwegian continental shelf in the licensing round APA 2021.

— The petroleum industry contributes with large revenues, value creation and jobs across the country. I am therefore happy to offer 53 new production licenses in the predefined areas. Further exploration activity and new discoveries are crucial to develop the Norwegian petroleum industry further, says Minister of Petroleum and Energy Marte Mjøs Persen.

Awards in predefined areas (APA) is an annual exploration round in the most mature areas on the Norwegian shelf.

The 53 production licenses offered in this year’s round are distributed over the North Sea (28), the Norwegian Sea (20) and the Barents Sea (5). A total of 28 different oil companies, from large international companies to smaller Norwegian exploration companies, are offered shares in one or more of these licenses. 15 companies are offered one or more operatorships.

— Awards of productions licenses is a mainstay in facilitating a stable level of activity on the continental shelf. This award is an important contribution to maintain future exploration activity and to make new, profitable discoveries, says Mjøs Persen.

Background

Before licenses can be granted for petroleum activity in an area on the Norwegian continental shelf, the area must be open for petroleum activities. Production licenses can only be granted in areas that are open and accessible for petroleum activities.

A production license gives the exclusive right to explore, drill and extract petroleum within the license’s geographical area. Production licenses are normally awarded through licensing rounds. In a licensing round, the ministry announces certain geographical areas where companies can apply for production licenses. On the basis of the applications received, a production license is granted to a group of companies on the basis of objective, non-discriminatory and pre-announced criteria. The Ministry designates one operator for each production license.

The annual licensing rounds APA (Awards in predefined areas) were introduced in 2003. The aim was to best facilitate the identification and extraction of profitable resources in mature areas before existing infrastructure shuts down. The APA licensing rounds take place annually and within a predefined area. This gives the companies predictability about the available areas to apply for in the APA. This facilitates regular replenishment of new exploration area for the companies, which is important for achieving effective exploration. Over time, the APA area is expanded based on petroleum professional assessments of the areas’ maturity, and in particular the need for step-by-step exploration and utilization of time-critical resources. Today, the APA area comprises the majority of open, accessible exploration area on the Norwegian continental shelf.

The announcement of APA 2021, including expansion of the APA area, was sent for public consultation with a consultation deadline of 16 April 2021. The licensing round was announced on 9 June with the application deadline 8 September 2021 for companies. By the application deadline, the Ministry had received applications from 31 companies.

After the application deadline, the applications have been processed, which has resulted in the awards announced today.

Links:

Offers are given to the following companies (shares/operatorships):

Aker BP (15/7)

A/S Norske Shell (2/1)

Chrysaor (4/1)

Concedo (3/0)

ConocoPhillips (3/3)

DNO (10/3)

Equinor (26/12)

Idemitsu (3/0)

KUFPEC (1/0)

Longboat (1/0)

LOTOS (4/0)

Lundin (10/5)

M Vest (2/0)

Neptune (2/2)

OKEA (4/3)

OMV (3/1)

ONE-Dyas (3/0)

Pandion (3/0)

Petrolia NOCO (2/0)

PGNiG (4/3)

Source (2/0)

Spirit (7/2)

Suncor (2/0)

Sval (3/0)

TotalEnergies (1/0)

Vår Energi (10/5)

Wellesley (3/1)

Wintershall Dea (7/4)

This press release was initially posted to: https://www.regjeringen.no/en/aktuelt/stor-interesse-for-videre-leteaktivitet-pa-norsk-sokkel/id2895836/

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January 18, 2022

Honey Badger Reports Second Batch of Assays from Plata Yukon Program More Keno Hill-Style High Grade Silver Values

TORONTO, Jan. 18, 2022 (GLOBE NEWSWIRE) — Honey Badger Silver Inc. (TSX-V: TUF) (“Honey Badger” or the “Company”) is pleased to announce further results of rock and soil geochemical analyses from its 100%-owned, 5,690-hectare Plata Silver Property (“Plata”) located in east-central Yukon. Highlights of silver, gold, lead and zinc assays from five channel and chip…

TORONTO, Jan. 18, 2022 (GLOBE NEWSWIRE) — Honey Badger Silver Inc. (TSX-V: TUF) (“Honey Badger” or the “Company”) is pleased to announce further results of rock and soil geochemical analyses from its 100%-owned, 5,690-hectare Plata Silver Property (“Plata”) located in east-central Yukon.

Highlights of silver, gold, lead and zinc assays from five channel and chip samples collected from the Aho zone at Plata are listed below:

4,500 g/t silver, 7.26 g/t gold, 24.13% lead, 0.83% zinc over 0.85 metres;
3,480 g/t silver, 4.63 g/t gold, 23.79% lead, 2.05% zinc over 1.6 metres;
1,546 g/t silver, 3.28 g/t gold, 5.04% lead, 0.09% zinc over 1.45 metres;
868 g/t silver, 5.30 g/t gold, 7.47% lead, 1.95% zinc over 1.93 metres; and
202 g/t silver, 3.69 g/t gold, 1.12% lead, 10.1% zinc over 1.32 metres.

In addition, gold assays have been received for five composite grab samples of hand sorted material collected from 90 ore bags left behind by historic miners at Plata. These are reported below in conjunction with silver, lead and zinc assays previously reported by the Company on December 13, 2021:

4.25 g/t gold, 5,190 g/t silver, 23.4% lead and 3.62% zinc;
7.56 g/t gold, 4,820 g/t silver, 13.15% lead and 2.78% zinc;
6.24 g/t gold, 4,000 g/t silver, 20.97% lead and 3.41 g/t zinc;
2.67 g/t gold, 3,500 g/t silver, 17.5% lead and 3.07% zinc; and
5.61 g/t gold, 2,930 g/t silver, 10.5% lead and 2.26% zinc.

Plata lies within the Tintina Gold Belt and displays numerous similarities to the world-class Keno Hill Mining Camp, Canada’s second largest primary producer of silver, located 165 km west of the Plata Silver Property. Keno Hill produced more than 200 million ounces of silver at an average grade of 44 ounces per ton (oz/t) of silver from approximately thirty-five vein deposits between 1913 and 1989 (1).

Chad Williams, Executive Chairman of Honey Badger commented,
“These results are significant in that:

  • They confirm that Plata has similar high-grade, early-stage, gold enriched silver veins as found in the Keno Hill District, one of Canada’s most prolific silver camps; and
  • Plata is considerably under-explored when compared to Keno Hill.

We believe the potential to develop existing targets is very promising as is the potential for making new high-grade silver discoveries”.

Sampling results from the P2 and P6 zones are pending and will be released when analyses are finalized.

2021 PLATA PHASE 1 WORK PROGRAM
Honey Badger’s 2021 program comprised detailed structural and lithological mapping of the core region of the property, accompanied by rock and channel sampling of several historical occurrences (the P2, P3, P4 and P6 zones in particular) and soil geochemical sampling. In addition, composite grab samples were also collected from about 90 large ore bags of hand-sorted mineralization that were cached at the Plata airstrip by historical miners, in order to determine the approximate grade of the mined material (see press release dated December 13, 2021, for results).

Channel, Chip and Outcrop Sampling Results from Aho Zone

Analyses of channel, chip and outcrop samples from the P3 and P4 zones, collectively known as the Aho zone, have returned highly significant silver, gold, lead and zinc results. Channel samples were cut using a gas-powered rock saw and were taken from channels that were 8 to 10 cm wide and 6 to 10 cm deep. Channels were cut perpendicular to the mineralized zone and represent true widths. Where channel sampling was not possible (soft rock or clay) chip samples were taken.

In all, a total of 16 channel and chip samples were collected at the Aho zone, as well as rock samples from outcrop. All of these samples returned elevated values for gold, silver, lead and zinc.

Channel and chip sample highlights from the Aho zone include:

4,500 g/t silver, 7.26 g/t gold, 24.13% lead, 0.83% zinc over 0.85 metres;
3,480 g/t silver, 4.63 g/t gold, 23.79% lead, 2.05% zinc over 1.6 metres;
1,546 g/t silver, 3.28 g/t gold, 5.04% lead, 0.09% zinc over 1.45 metres;
868 g/t silver, 5.30 g/t gold, 7.47% lead, 1.95% zinc over 1.93 metres; and
202 g/t silver, 3.69 g/t gold, 1.12% lead, 10.1% zinc over 1.32 metres.

Rock samples from outcrops at the Aho zone, returned:

4,260 g/t silver, 27.4 g/t gold, 9.72% lead, 0.12% zinc;
3,500 g/t silver, 2.27 g/t gold, 26.89% lead, 3.17% zinc; and
1,030 g/t silver, 4.92 g/t gold, 12.9% lead, 5.66% zinc

Figure 1 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f4eb8c51-b53f-46e5-8628-3c416ae2d65f

The Aho zone is dominated by Type II veins where significant gold endowment accompanies high-grade silver mineralization. Veins are hosted within the Plata thrust and range in width from 0.3 to 3 metres and have very consistent lateral extents. The zone has been traced for at least 800 metres along-strike, confirmed by excavator trenching, and has been intersected by historical drill holes up to 500 m down dip. Veins are characterized by massive to semi-massive sulphide pods and layers within quartz and clay. In 1987, approximately 37 tonnes of material that was mined from the P4 zone reportedly averaged 3,531 g/t silver and 5.73 g/t gold(2). Much of this material was transported to the airstrip but never shipped. Composite sampling of these ore bags in 2021 returned high-grade silver and lead with moderate zinc values (see press release dated December 13, 2021). Gold assays for these samples have since been received and are tabulated below.

Type Au (g/t) Ag (g/t) Pb (%) Zn (%)
Composite 4.25 5,190 23.4 3.62
Composite 7.56 4,820 13.15 2.78
Composite 6.24 4,000 20.97 3.41
Composite 2.67 3,500 17.5 3.07
Composite 5.61 2,930 10.5 3.07

Soil Geochemistry and Results of Plata 2021 Soil Sampling Program

Historical soil geochemistry data covers only the central portion of the Plata property with the majority of the samples taken in the 1970s and subsequent samples taken in 2008 and 2009. Some of the historical data comprises only silver and lead results, and none of the historical analyses included gold. Surprisingly, the historical data did not identify anomalous silver-in-soil values over the P1, P3, P4 or P5 zones, areas of substantiated high-grade mineralization. This may be due to the analytical technique used in the 1970s because these areas are marked by high lead values. Significantly, strong multi-element anomalies that occur elsewhere on the property have seen little to no follow-up work, including anomalies V, VI and IX all of which have strongly anomalous silver, lead and zinc values. These anomalies offer excellent potential for new discoveries.

In 2021, a total of 260 soil samples were taken from a small grid to the west along trend of the P2 and Aho zones. The new soil results discovered another multi-element anomaly (VIII) that includes moderate to strongly elevated values for silver and zinc with moderate lead results. This anomaly also includes highly elevated values for gold, which suggests there is potential in this area for Type II mineralization similar to that at the Aho zone.

Figure 2 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1d61c44e-e40c-4c6a-91c7-a98ed1e40f21

All analyses of rock and soil samples from the 2021 Plata program were performed by ALS Global Laboratories with sample preparation in Whitehorse and assays and geochemical analyses in North Vancouver.  Rock samples were routinely analyzed for gold by fire assay followed by atomic absorption (Au-AA24) and 33 other elements by four acid digestion with inductively coupled plasma-atomic emission spectroscopy analysis (ME-ICP61).  Samples that exceeded the detection limits of the routine methods were assayed for silver, lead and zinc by inductively coupled plasma-atomic emission spectroscopy (Ag/Pb/Zn – OG62) and samples that exceeded the detection limits for gold by gravimetric analysis (Au-GRA22). Soil samples were analyzed for 35 elements using an aqua regia digestion (ME-ICP41) with gold by fire assay followed by inductively coupled plasma-atomic emission spectroscopy (Au-ICP21).

Technical information in this news release has been approved by Heather Burrell, P.Geo., a senior geologist with Archer, Cathro & Associates (1981) Limited and qualified person for the purpose of National Instrument 43-101.

Notes:
1Cathro, R.C., 2006, Great Mining Camps of Canada 1. The History and Geology of the Keno Hill Silver Camp, Yukon Territory; Geoscience Canada, Vol.33, No.3, pp103-134.

2 Stewart, E.B., 2001, Valuation Report, Plata-Inca Property, Hess River Area; report for Big Blackfoot Resources Ltd., p 20.

ON BEHALF OF THE BOARD

Chad Williams
Executive Chairman and Director

About Honey Badger Silver Inc.

Honey Badger Silver is a Canadian Silver company based in Toronto, Ontario focused on the acquisition, development and integration of accretive transactions of silver ounces. The company is led by a highly experienced leadership team with a track record of value creation backed by a skilled technical team. With a dominant land position in Ontario’s historic Thunder Bay Silver District and advanced projects in the southeast and south-central Yukon including the Plata property 180 kms to the east of the Keno Hill silver district, Honey Badger Silver is positioning to be a top-tier silver company.

https://honeybadgersilver.com/

For more information, please visit our website above, or contact:

Ms. Christina Slater: [email protected]
(647) 848-1009

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release and any other information herein that is not a historical fact may be “forward-looking information”.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed timeframes or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

This announcement was originally published on the Globe newswire website.

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January 18, 2022

Higher gold grades from infill drilling at Ikkari

Rupert Resources Ltd (“Rupert” or the “Company”), a company advancing the multi-million-ounce Ikkari gold deposit and new regional discoveries at the company’s 100% owned Rupert Lapland Project in Northern Finland, is pleased to announce that infill drilling at Ikkari is returning higher gold grades and exploration drilling has extended mineralisation at the Company’s largely untested…

Rupert Resources Ltd (“Rupert” or the “Company”), a company advancing the multi-million-ounce Ikkari gold deposit and new regional discoveries at the company’s 100% owned Rupert Lapland Project in Northern Finland, is pleased to announce that infill drilling at Ikkari is returning higher gold grades and exploration drilling has extended mineralisation at the Company’s largely untested Heinä Central target.

Ikkari has a National Instrument 43-101 inferred mineral resource estimate of 49 million tonnes (“Mt”) at 2.5 grams per tonne gold (“g/t Au”) for 3.95 million ounces (see Sept. 13, 2021 press release) 1. Approximately 80,000 metres (“m”) of drilling is planned for 2022; 60% focused on upgrading and expanding the Ikkari resource estimate, with the remainder allocated to regional exploration.

HIGHLIGHTS

Ikkari

Infill drilling has returned significant intervals of gold mineralization, in places, at higher grades than estimated in the reported resource estimate (Sept 2021). Drilling (tables 1 and 2b) also confirms high-grade continuity of the central mineralised zone, including:

  • #121158 returning 9.4 g/t Au over 13m from 166m and 4.5 g/t Au over 97m from 220m and
  • #121125 returning 3.8 g/t Au over 102m from 310m (240m vertical), including 6.9 g/t Au over 42m

Infill drilling from the east of Ikkari has identified higher grades than previously intersected in a mineralised zone with vertical continuity:

  • #121154 – 12.6 g/t Au over 8m from 105m (117m vertical)
  • #121134 – 4.2 g/t Au over 24m from 225m (175m vertical)
  • #121145 – 3.8 g/t Au over 15m from 324m (254m vertical)
  • #121148 – 5.5 g/t Au over 17m from 379m (297m vertical)

Heinä Central  

Recent drilling from the regional program has been focused on the Heinä Central discovery, located 1 kilometre (“km”) north of Ikkari, as part of an ongoing definition drilling program (see Nov. 29, 2021, press release). Previous limited drilling at Heinä Central intersected not only broad intervals of gold mineralization, but also copper. New high-grade gold and copper results from Heinä Central support plunge potential to depth evidenced by:

  • #121131 – 4.5 g/t Au and 2.1% Cu over 14.7m from 131m (109m vertical) and 2.9 g/t Au and 0.6% Cu over 10m from 153m (128m vertical)
  • #121133 – 3.0 g/t Au and 0.7% Cu over 15m from 239m (208m vertical)

James Withall, CEO of Rupert Resources commented “The results reported today show there is not only value to be unlocked at Ikkari through resource growth, but strengthening the grade of what is already a high-quality asset. We are consistently drilling higher grades at Ikkari than the September 2021 resource estimate. We are also encouraged by new drilling from Heinä Central which has extended plunge of the target with drilling still at comparatively shallow depths. We are on an aggressive growth track: we now have six rigs turning at Ikkari and other targets with a plan to drill almost three times the number of metres in the key winter season than was achieved in the equivalent period last year. “

This press release was originally posted to: https://rupertresources.com/higher-gold-grades-from-infill-drilling-at-ikkari/

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January 18, 2022

Updated mineral resource estimate for Arctic Mineral’s gold-copper project Bidjovagge in Norway

Arctic Minerals AB (publ) is pleased to announce an updated mineral resource estimate for its 100%-owned Bidjovagge gold-copper project in Norway. The mineral resource classified as indicated has increased to 3.3 million tons compared with 2.3 million tons in the 2012 estimate. The grades in the indicated resource is now 1.27 gram per ton gold and 0.97…

Arctic Minerals AB (publ) is pleased to announce an updated mineral resource estimate for its 100%-owned Bidjovagge gold-copper project in Norway.

The mineral resource classified as indicated has increased to 3.3 million tons compared with 2.3 million tons in the 2012 estimate. The grades in the indicated resource is now 1.27 gram per ton gold and 0.97 percent copper.

Total contained metal in the new indicated resource is 134,000 oz gold and 32,200 thousand tons of copper. This represents an increase of 22 percent in contained gold and 28 percent in contained copper compared with the 2012 estimate. In addition, the new inferred resource is 0.3 million tons with grades of 1.8 gram per ton gold and 0.7 percent copper content, equivalent to 21,000 oz gold and 2,500 tons copper.

Arctic Minerals commissioned Mr Markku Meriläinen MSc (Geology), MAusImm and Mr Pekka Lovén MSc(Mining), MAusIMM to provide a Mineral Resource Estimation update for the Bidjovagge project. Markku Merilainen and Pekka Lovén are both Competent Persons as defined by Joint Ore Reserves Committee (JORC). The Bidjovagge Project Mineral Resource estimate is compliant with the 2012 version of the JORC. The cut off is based on the updated operating costs estimated by AFRY Oy.

The updated mineral resource estimate represents an increase over the previous estimate made in 2012, by the same Competent Persons, then at Outotec Oy. The new estimate has been made using a gold equivalent value per ton ore, calculated as Aueq = Au + 1.85*Cu, at a price of US$ 1,700 per oz gold and US$4.05 cents per pound (US$8,929 per ton) copper, both well below current market prices of US$ 1,778 per oz gold and US$ 9,480 per ton copper (three-month delivery) as of December 14, 2021. The cut-off grade used in the new estimate is 1,0 gram per ton Aueq. This is lower than the 2,0grams per ton cut-off used in the 2012 estimate, due to today’s forecasted gold price being much higher than the price of US$ 950 per oz used in 2012.

The table below summarizes the Indicated Mineral Resource of the Bidjovagge project as of December 15, 2021.

Total Indicated Mineral Resource
Aueq cut off Tonnes Au, g/t Cu, %
1,00 3 303 000 1,27 0,97
2,00 2 567 000 1,48 1,06

The table below summarizes the Inferred Mineral Resource of the Bidjovagge project as of December 15, 2021.

Total Inferred Mineral Resource
Aueq cut off Tonnes Au, g/t Cu, %
1,00 360 000 1,8 0,7
2,00 220 000 2,6 0,9

In addition to the latest increase in resources, the Company believes that there is excellent exploration potential to identify additional resources in the Company’s exploration permits adjoining its extraction permits. Arctic Mineral’s recent review of geophysical data, together with data from old drill holes, strongly indicates that the ore-bearing zone continues to the north of the old mine area. The ore zone also appears open at depth.

Study of assays and drill cores

This year’s study of assays of old drill cores has shown very promising results in a new area covered by one of the Company’s recently granted new exploration permits. For example, one hole returned a high-grade intersection of 15.2 metres at 2.0% copper and 8.55 grams/ton gold. Another drill hole, from an area covered by an existing extraction permit, returned an intersection of 27.3 metres at 3.11% copper and 0.58 gram/ton gold. The Company plans to investigate this exploration potential in 2022, starting with a new geophysical (electromagnetic) survey.

Prolongation of extraction permits

In October 2021, Arctic Minerals was granted prolongation of extraction permits (Bidjovagge 1-5) for the Bidjovagge project. The prolongation was granted by DMF (the authority in charge of mineral rights in Norway) for the period up until 2024. Arctic Minerals, through its subsidiary Arctic Gold AB, has in total nine extraction permits at the Bidjovagge project.

New exploration permits

Arctic Minerals has also previous this year applied for, and been granted, five new exploration permits (Buljovarri 1-5) covering the likely northward extension of the ore-bearing zone. In addition, Arctic Minerals has also previous this year applied for, and been granted, the new exploration permit Laemssejåkka 32, covering a parallel ore zone.

Partnership

Arctic Minerals has in 2021 initiated a process to seek a partner to further develop the Bidjovagge project.

Certified Advisor

UB Securities Ltd, of Helsinki, Finland, (www.unitedbankers.fi) is the Company’s Certified Advisor on Nasdaq First North Growth Market, Stockholm.

Other

The company’s shares are listed on Nasdaq First North Growth Market, Stockholm under the trade designation “ARCT”.

For further information

see the Company’s website at www.arcticminerals.se or contact:

Jonatan Forsberg, CEO

(+46) 76 105 1310

[email protected]

or

Risto Pietilä, Exploration Manager

(+358) 40 029 3217

[email protected]

About Arctic Minerals

Arctic Minerals is a Nordic mineral exploration company exploring for copper, gold and battery metals in northern and central Finland. The Group also owns mineral rights in Norway.

This information is information that Arctic Minerals AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (EU) 596/2014. The information was submitted for publication, through the agency of the contact persons set out above, at 13.50 CET on December 15, 2021.

The original press release can be found on the Arctic Minerals website

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January 18, 2022

Greenland’s Fish Export Dropped Nearly Half a Billion in 2021

Published at: Jan 18 2022 – 11:05 / Updated at: Jan 18 2022 – 11:05 Fisheries is one of the most important industries in Greenland. The country’s exports largely consist of fish and shrimps. (Photo: Pro Studio) The export value of fish products was DKK 4.4 billion in 2021. Preliminary figures from Statistics Greenland show this. Compared with 2020, there was…

  

Fisheries is one of the most important industries in Greenland. The country’s exports largely consist of fish and shrimps. (Photo: Pro Studio)

The export value of fish products was DKK 4.4 billion in 2021.

Preliminary figures from Statistics Greenland show this.

Compared with 2020, there was a drop in export value of fish products of DKK 459 million in 2021. That constitutes -9.4 percent. Figures show that the value of Greenland’s fish exports in 2021 reached DKK 4.4 billion.

In 2019, export value was more than DKK 5 billion.

As for shrimps, export value has dropped 6.3 percent in 2021, which constitutes some DKK 150 million. This drop is largely due to a 5.8 percent price drop.

Cod export value also dropped with a total of 14.5 percent, equaling DKK 61 million. Volumes have dropped 1.8 percent and the average kilo price has dropped 12.9 percent.

Statistics Greenland says the figures depend on whether or not exporters report to the Tax Office’s customs division in time. Figure development must thus be interpreted with caution as revisions of formerly published figures may occur.

The original article can be found on the High North News website

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January 18, 2022

EnviroGold Global Announces Substantial Additional Tailings Indicated by Independent Geophysics Survey and Permitting Approval for the Buchans Tailings Reprocessing & Metal Recovery Project in Newfoundland and Labrador, Canada

TORONTO, Jan. 18, 2022 (GLOBE NEWSWIRE) — January 18, 2022) – EnviroGold Global Limited (CSE: NVRO | OTCQB: RGOZF |FSE: YGK) (“EnviroGold Global” or the “Company“), a Clean Technology Company accelerating the world’s transition to a circular-resource economy through the production of Metals Without Mining, is pleased to announce positive results from an independent ground penetrating…

TORONTO, Jan. 18, 2022 (GLOBE NEWSWIRE) — January 18, 2022) – EnviroGold Global Limited (CSE: NVRO | OTCQB: RGOZF |FSE: YGK) (“EnviroGold Global” or the “Company“), a Clean Technology Company accelerating the world’s transition to a circular-resource economy through the production of Metals Without Mining, is pleased to announce positive results from an independent ground penetrating radar geophysical survey (the “Survey” or the “GPR Survey”) of its Buchans river delta tailings reprocessing & metal recovery project (the “Buchans Project”). The results are consistent with previous drilling of the deltaic tailings deposit and indicate the potential for a substantial upward revision of EnviroGold Global’s project estimates.

The results of the GPR Survey included 128.5 km of radar data that indicated the presence of substantial quantities of distinct geological material with an average thickness of 1.5 m deposited on and overlaying the bedrock underneath the exposed and submerged areas of the Buchans river delta (refer to figure below). The GPR Survey results are consistent with previous drilling of the tailings and support EnviroGold Global’s expectations of the presence of substantial quantities of legacy mine tailings in the central claims of the Buchans Project.

The data also indicated substantial quantities of distinct geological material within the EnviroGold Global controlled Jeff Wall claim adjacent to the Buchans central claims. The Survey shows the material extends into the Jeff Wall claims forming a “Western Arc” over a 1 km strike length. The identification of the previously unknown “Western Arc” indicates significant upside and increased potential for the Buchans Project, consistent with EnviroGold Global’s expectation that substantial quantities of legacy mine tailings exist outside of the Buchans Central claims.

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

Commenting on these positive developments, EnviroGold Global CEO, Dr. Mark Thorpe, said, “We are very pleased that the results of this geophysical Survey indicate substantial quantities of tailings within the central claims, consistent with legacy exploration work in the delta. The Survey’s indication of substantial additional legacy mine tailings along the “Western Arc” is a major development and could indicate an increase from our baseline estimates of the project’s potential. We appreciate the professionalism and expertise of Abitibi Geophysics.”

The independent Survey was undertaken by Abitibi Geophysics (“Abitibi”), a leading Canadian geotechnical firm, and was intended to map the presence, thickness and potential quantities of legacy mine tailings within the 1,225 hectares (3,025 acres) of mine claims subject to EnviroGold Global’s previously announced binding and definitive agreement. The tailings resulted from approximately 40 years of legacy gold, silver, copper, lead and zinc mining during which time tailings were dumped directly into the Buchans Brook and re-deposited into Beothuk Lake in the form of the Buchans River delta that could contain substantial quantities of precious metals, critical metals and barite. EnviroGold Global’s detailed assessments of the deltaic tailings, including metallurgical analysis, have suggested the potential for significant metal recovery.

EnviroGold Global will undertake additional work to define the potential of the Buchans Project, including a core sampling program, and is pleased to announce that it has submitted an exploration permit application to the Newfoundland and Labrador government for a coring plan covering the “Western Arc” within the Jeff Wall Claim. The Company expects the exploration permit to be approved in Q1 2022. EnviroGold Global is also pleased to announce that its previously-submitted sampling and analysis plan for the Aubrey Budgell claims, which lie to the north of the Buchans central claims, has been approved by the government of Newfoundland and Labrador.

In addition to further defining the project’s potential, the data generated by the planned exploration can be used to prepare a mineral resource estimate for the Buchans Project.

About the Buchans Project

The Buchans Tailings were produced during decades of mining operations within the Buchans Mining District, which was home to one of the world’s largest volcanogenic massive sulphide (VMS) deposits. From 1928 to 1984, American Smelting and Refining Company Inc. (ASARCO) produced approximately 16 million tonnes from five deposits with an average mill head grade of 14.51% zinc, 7.56% lead, 1.33% copper, 126 g/t silver and 1.37 g/t gold (reference: Geoscience Canada, Volume 37, Number 7, December 2010). From the start of the operation to about 1965, tailings from the operations were deposited into the Buchans River and flowed down the creek contributing to the Buchans River Delta.

The Company expects to deploy modular, scalable metal recovery and tailings remediation systems at the site designed with the capacity to process up to 1,000 tonnes per day of the reclaimed tailings. EnviroGold Global is entitled to 50% of the project economics.

Technical Details on the Abitibi Geophysical Survey

The Abitibi Geophysical Survey was undertaken to employ geophysical methods that can be used to determine the thickness, and thus the quantities, of the deltaic tailings deposited within the 1,225 hectares (3,025 acres) of mine claims subject to EnviroGold Global’s previously announced binding and definitive agreement.

Abitibi reviewed several potential geophysical methods for the survey, including electrical, electromagnetic and seismic methods, ultimately choosing to employ advanced ground penetrating radar to optimize the vertical and horizontal resolution of the survey. In addition to the GPR, Abitibi used acoustic pulse methodology to conduct a bathymetric survey of the water column covering certain portions of the deltaic tailings deposit. The acoustic bathymetric survey provided data, including data related to the boundary between the water and the sedimentary material, that was used to enhance the interpretability of the GPR generated data.

GPR is the highest resolution geophysical method and uses radio waves to penetrate and map the subsurface. Successful early work with GPR was performed to map the thickness of ice sheets in the Arctic and Antarctic, with pioneering research conducted by the British Antarctic Survey in the 1960s. Applications for GPR expanded into non-polar applications in the 1970s beginning with civil engineering applications. Historically, the expansion of GPR applications was inhibited by a lack of access to computers with sufficient capacity to capture and display sub-microsecond pulses of electromagnetic energy. In the 1990s, with the advent of the high-speed laptop computer, the ability to capture, digitize and store large volumes of radar data was realized. Commercial applications for GPR subsequently expanded significantly and currently include utilities detection, rebar imaging in concrete, void detection, permafrost engineering, stratigraphic mapping and fracture mapping.

GPR instruments employ a technique known as “stacking” to mitigate the impact of background signals on the results of a geophysical study. The more “stacking” a system can do, the deeper the radar can image. Most radar systems can “stack” 16 or 32 times when being dragged without a blurring effect. The instrumentation employed by Abitibi for the EnviroGold Global geophysical survey is able to stack 128,000 times and can therefore image to depths 2 to 3 times that of conventional GPR systems.

The GPR Survey was undertaken in November and December 2021 using 45MHz and 100MHz GPR systems and SONAR systems for bathymetric study. The GPR Survey collected a total of 128.5km of radar data using ATV and watercrafts to transport the Survey equipment.

Quality Assurance and Quality Control (QAQC) included a series of standard data processing methodologies including filtering, time zero adjustment, rubber-sheeting and migration, designed to enhance the quality and interpretability of the Survey data. The operation of the Survey instrumentation was independent from the initial quality control, processing, plotting and interpretation reporting, which was completed by a Professional Geologist. A final, independent quality control review was conducted by separate Professional Geologist. The study personnel were employed by Abitibi and independent of EnviroGold Global.

Qualified Person Statement

All scientific and technical information contained in this news release was prepared and approved by Ian Hodkinson, MAIG RPGeo, Chief Geologist of EnviroGold Global, who is a Qualified Person as defined in NI 43-101.

About EnviroGold Global

EnviroGold Global (CSE: NVRO) (OTCQB: RGOZF) (FSE: YGK), is a Clean Technology company creating shareholder value while establishing ESG market leadership by remediating mine and industrial waste, while reclaiming high-value commodities. The Company is strategically positioned to earn and maintain social license while capitalizing the estimated US$3.4 trillion in valuable commodities residing in target waste streams globally.

Further Information

Dr. Mark B. Thorpe

Chief Executive Officer

Telephone: +1 416 777 6720

Email: [email protected]

Juan Carlos Giron Jr.

Sr. Vice President

Telephone: +1 416 777 6720

Email: [email protected]

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward Looking Statements

This news release contains “forward-looking statements” within the meaning of applicable securities laws, including, without limitation, earnings guidance, economic guidance, operational guidance and future capital spending amounts. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements.

Graphical representations included in this news release are approximate representations which may vary from defined regulatory boundaries.

Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding the expected terms of the Buchans Project and its completion, the Company’s working relationship with the owner(s) of the Buchans tailings, the economic viability of the Buchans Project and statements regarding any residual precious metals as a by-product of the remediation, the Company’s expansion of its reprocessing pipeline, and the Company’s ability to accelerate the world’s transition to a circular resource economy. Forward-looking information in this news release are based on certain assumptions and expected future events, namely: the Company’s ability to continue as a going concern; the continued commercial viability and growth in the clean technology and mining waste reprocessing industry; continued approval of the Company’s activities by the relevant governmental and/or regulatory authorities; the continued development of clean technology and mining waste reprocessing technology; and the continued growth of the Company. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of the Company to continue as a going concern; the Company’s inability to accelerate the world’s transition to a circular resource economy, the risks associated with assessing metallurgical recovery rates from mine tailings and waste and related volumetric assessments, the risks associated with the mining and mining waste recycling industry in general; increased competition in the clean technology and waste reprocessing market; the potential unviability of the clean technology and mining waste reprocessing market; incorrect assessment of the value and potential benefits of various transactions; risks associated with potential governmental and/or regulatory action with respect to clean technology and mining waste reprocessing; risks associated with a potential collapse in the value of clean technology and waste reprocessing; and risks relating to the Company’s potential inability to expand its reprocessing pipeline.

Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

This announcement was originally published on the Globe newswire website.

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January 18, 2022

Far North Digital/True North Global Networks Sign MoU with Cinia for Pan-Arctic Fibre Cable

FOR IMMEDIATE RELEASE December 21, 2021 Vancouver, BC – Far North Digital-True North Global Networks and Cinia announced plans to jointly construct a fibre optic cable system linking Europe and Asia through the Arctic. Alcatel Submarine Networks (ASN) will take the lead on project design and installation. Far North Digital, a North American company focused…

FOR IMMEDIATE RELEASE
December 21, 2021

Vancouver, BC – Far North Digital-True North Global Networks and Cinia announced plans to jointly construct a fibre optic cable system linking Europe and Asia through the Arctic. Alcatel Submarine Networks (ASN) will take the lead on project design and installation.

Far North Digital, a North American company focused on telecommunications infrastructure
development (Far North Digital (fn-digital.com)) and Finnish networks, cybersecurity and software solutions provider Cinia (Cinia | Frontpage), have signed a Memorandum of Understanding (MoU) to build a submarine fibre optic cable. The joint network will run from Japan, via the Northwest Passage, to Europe with landings in Alaska and the Canadian Arctic. European landings are planned in Norway, Finland and Ireland.

The 16,500 kilometer fibre optic cable system transits geopolitically stable and seismically safe regions and greatly reduces the optical distance between Asia and Europe, thus minimizing signal latency.

True North Global Networks is working with Indigenous organizations and local governments to develop branch landings in Arctic Canada, providing locally owned networks, a direct connection to the global internet. “This cable system is more than a way to speed and improve the security of telecommunications
between nations, it is a bridge over the digital divide, providing Northern communities with better opportunities for sustainable self-determination through economic development, enhanced educational options, and improved access to healthcare. Furthermore, it will serve as a platform that offers science a new and enhanced ability to conduct research into climate change”, says Guy Houser, Chief Technical Officer of Far North Digital.

“There is an increasing demand for secure and fast international connectivity with new
diverse routes. Spanning three of the world’s largest internet adopting continents the Far North Fibre will be a true global venture”, says Ari-Jussi Knaapila CEO of Cinia.

In Asia the main gateway for cable system is Japan.

“The Arctic connection between Japan and northern Europe has long been a shared passion of Japan and Cinia, as the diversity of international connections is vital to the island country. This connection provides excellent support for the Japanese government’s digitalization development program,” says Jun Murai, Professor at Keio University and Special Adviser to the Japanese Cabinet.

The target for in-service cable is by the end of the year 2025. Cost estimate for project is
approximately 1.48 billion CAD. Industry leader ASN (ASN – ALCATEL SUBMARINE NETWORKS) has been chosen as the lead EPC (engineering, procurement, construction) partner for the project.

-30-
Media Contact: Nicole Brassard
Global Public Affairs
604.240.5788
[email protected]

Far North Digital, LLC, an Alaskan company, joined True North Global Networks, a Canadian company, to develop the Far North Fibre submarine cable project. The principals of Far North/True North have significant experience in telecommunications, including the planning, financing, design and construction of subsea cable infrastructure and the management and operation of telecom companies in Alaska and Canada. More information at: Far North Digital (fn-digital.com)

Cinia provides secure high-availability data network and software solutions. Our operations are based on our solid expertise in modern software development, data network technologies and critical operating environments. Our fibre optic network of roughly 15,000 kilometres, including the C-Lion1 submarine cable, enables the fastest data communications solutions to Central Europe and to markets in Asia and Eastern Europe. By combining our services with services of our partners, we can provide reliable and comprehensive solutions that help our customers write their own digital success stories. More information at: Cinia | Frontpage

Alcatel Submarine Networks (ASN), part of Nokia, leads the industry in terms of transmission capacity and installed base with more than 650,000 km of optical submarine systems deployed worldwide, enough to circumnavigate the globe 15 times. From traditional telecom applications to content and “over the top” service provider infrastructures, ASN provides all elements of turnkey global undersea transmission systems, tailored to individual customer’s needs. An extensive services portfolio completes its comprehensive offering for the submarine business, including project management, installation and commissioning, along with marine and maintenance operations performed by ASN’s wholly owned fleet of cable ships. More information at:
ASN – ALCATEL SUBMARINE NETWORKS

This press release/announcement/article was originally posted on the website of PR Newswire: press release distribution, targeting, monitoring and marketing

 

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Helsinki shipyard contracts main equipment for new Nornickel Icebreaker

Moscow, January 19, 2022 — Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announces the start of construction of an icebreaker designed to expand the company’s transportation capacity. Finland’s Helsinki Shipyard Oy signed the contracts for the supply of the main equipment for the icebreaker ordered by Nornickel, and the ship model, designed by Aker Arctic, a design bureau, successfully

Moscow, January 19, 2022 — Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announces the start of construction of an icebreaker designed to expand the company’s transportation capacity. Finland’s Helsinki Shipyard Oy signed the contracts for the supply of the main equipment for the icebreaker ordered by Nornickel, and the ship model, designed by Aker Arctic, a design bureau, successfully passed ice and open-water tests.

Rendered image showing the new icebreaker

Nornickel and Helsinki Shipyard are building an icebreaker that will comply with environmental safety standards. The icebreaker will navigate the Yenisei River basin, the Yenisei Bay and the Kara Sea, providing access to the Dudinka seaport for both Nornickel’s corporate fleet and partner vessels. The icebreaker will be commissioned to lay a canal in the Yenisey for company-owned Arc7 ice-class vessels and to tow additional chartered Arc5 cargo vessels with a deadweight of up to 20,000 tonnes. The icebreaker’s homeport will be Murmansk.

The concept design of the new icebreaker was developed in cooperation with Aker Arctic Technology Oy. The design work is now proceeding according to the schedule, including the ice model tests, which have already been successfully passed. Project procurement is also proceeding as planned and purchasing contracts for the main equipment for machinery and propulsion have already been signed. The construction work will begin in 2022 and the vessel is expected to be delivered to Nornickel for the winter season 2025.

“It is important for the Company to have the new icebreaker completed by the end of 2024. This will enable us to expand the transportation capacity required for Nornickel’s strategic investment projects as well as for the Norilsk renovation plans. We are pleased to announce that the vessel will be powered by LNG in line with the current environmental decarbonisation trends and will be the first LNG-powered icebreaker to guide vessels along the Northern Sea Route,” said Nornickel Senior Vice President Strategy, Strategic Projects, Logistics & Procurement Sergey Dubovitsky.

The new icebreaker will have an integrated dual-fuel diesel-electric power unit, which can use both LNG and low-sulphur diesel oil. This means that it will have great energy efficiency and a low carbon footprint. The new vessel will qualify as Icebreaker8 under the Russian Maritime Register of Shipping and will be able to navigate in snowy ice up to 2.0 metres thick, either ahead or astern. It will be equipped with a helipad and will be able to carry cargo.

The new icebreaker will complement Nornickel’s Arctic fleet, which consists of six Arc7-class reinforced ice-class vessels — five container ships and one reinforced ice-class tanker.

This press release was initially posted at: https://www.nornickel.com/news-and-media/press-releases-and-news/helsinki-shipyard-contracts-main-equipment-for-new-nornickel-icebreaker/type=releases

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Equinor awarded 26 new production licences on the Norwegian continental shelf

January 18, 2022 14:38 CET | Last modified January 18, 2022 15:04 CET Equinor employee at the Johan Sverdrup field in the North Sea. (Photo: Ole Jørgen Bratland / Equinor ASA)   Equinor has been
January 18, 2022 14:38 CET | Last modified January 18, 2022 15:04 CET
Employee looking out to the North Sea - at the Johan Sverdrup field
Equinor employee at the Johan Sverdrup field in the North Sea. (Photo: Ole Jørgen Bratland / Equinor ASA)

 

Equinor has been awarded 26 new production licences by Norway’s Ministry of Petroleum and Energy in the 2020 Award in Predefined Areas (APA) – 12 licences as operator and 14 licences as partner.

“Exploration is essential to secure continued value creation on the Norwegian continental shelf (NCS). The APA rounds are very important to us and we are pleased about the award of new production licences,” says Jez Averty, Equinor’s senior vice president for subsurface in Exploration & Production Norway.

The 26 production licences are divided as follows: 12 in the North Sea, 10 in the Norwegian Sea og 4 in the Barents Sea.

Equinor’s ambition is to transform the NCS from an oil and gas province to a low-carbon energy province. In this transformation, oil and gas play a crucial role, both in delivering energy that is critical to society, but also through the expertise, technology and capital needed to realise the transformation.

Jez Averty - portrait

Jez Averty, Equinor’s senior vice president for subsurface in Exploration & Production Norway.
(Photo: Arne Reidar Mortensen / Equinor ASA)

 

“We believe in the NCS and that there is still substantial value to find and develop. A good example is our latest discovery, Toppand, which was awarded in the 2011 APA. This discovery shows the potential for value creation on the NCS, even in mature areas, through use of new information and modern exploration technology,” says Averty.

“We continue an active exploration strategy but focus on maximising value creation overgrowth and volume. At least 80 per cent of our exploration resources and investments will be concentrated around existing infrastructure – so-called near-field or infrastructure-led exploration,” says Averty.

There are several reasons why the company prioritises near-field exploration. These are mature areas on the NCS, where the geology is well known and the infrastructure is in place, thus the risk is lower.

“Near-field discoveries can be tied into existing infrastructure without large and costly new developments. In this way, we maximise the value of the infrastructure we have invested in for 40 years. In addition, these discoveries are characterised by high profitability, short payback period and low CO2 emissions,” says Averty.

In 2022, the company plans to take part in around 25 exploration wells, mainly near existing infrastructure. Most of the wells will be drilled in the North Sea, some in the Norwegian Sea and a few in the Barents Sea.

The original press release can be found on the Equinor website

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Cobalt and tellurium potential identified at Arctic Minerals’ gold-copper project Bidjovagge in Norway

Arctic Minerals AB (publ) is pleased to announce that it has identified significant values of the valuable battery metal cobalt and the semimetal tellurium at its 100%-owned Bidjovagge gold-copper project in Norway. This follows a recent study of drill cores dating from the period 2007 to 2012. Cobalt is primarily used

Arctic Minerals AB (publ) is pleased to announce that it has identified significant values of the valuable battery metal cobalt and the semimetal tellurium at its 100%-owned Bidjovagge gold-copper project in Norway. This follows a recent study of drill cores dating from the period 2007 to 2012.

Cobalt is primarily used in lithium-ion batteries, and in the manufacture of magnetic, wear-resistant and high-strength alloys. Tellurium is mainly used in solar panels and thermoelectric devices. Both are essential for the ongoing electrification of the global economy.

A total of 144 core intervals showed values exceeding 1,000 ppm (0.1%) cobalt, with a maximum value of 7,780 ppm (0.778%). It is notable that some of these higher-grade values occur over extended intervals e.g.:

· Drillhole B08-02: 11.45 metres @ 4,135 ppm (0.41%) Co

· Drillhole B08-07: 9.0 metres @ 1,999 ppm (0.2%) Co

· Drillhole B08-10: 8.83 metres @ 1.07% Cu and 1,837 ppm (0.18%) Co

A total of 45 core intervals showed values exceeding 100 ppm (0.01%) of tellurium, with a maximum value of 500 ppm (0.05%). As with cobalt, higher-grade values of tellurium occur over extended intervals e.g.:

· Drillhole B07-04: 31.0 metres @ 5.3 g/t Au, 1.34% Cu, and 106 ppm Te, including 9.0 metres @ 10.8 g/t Au, 2.35% Cu and 275 ppm Te

· Drillhole 11-0041: 8.0 metres @ 271 ppm (0.027%) Te

· Drillhole B08-01: 6.0 metres @ 258 ppm Te (0.0258%) Te

· Drillhole N320B: 27.32 metres @ 3.11 % Cu, 0.58 g/t Au and 501 ppm Co, including 7.52 metres @ 5.27 % Cu and 1,075 ppm (0.10%) Co and 2.62 metres @ 3.02 g/ t Au and 100 ppm Te

The Company believes that the tellurium occurrence at Bidjovagge shows some similarities with the tellurium mineralisation at Boliden’s Kankberg gold-tellurium mine in Sweden, where tellurium content in the ore fed to the processing plan averaged 157.1 ppm in 2020 (Boliden, 2020).

Whilst the mineralogy of the cobalt and tellurium still has to be studied further, it is noteworthy that the higher grades of both cobalt and tellurium appear to be either close to or associated with the gold-copper mineralisation at Bidjovagge. In addition, the latest work indicates that less than 10% of all historic drill cores have been analysed for cobalt or tellurium. The Company therefore believes that there is considerable potential to identify further areas of cobalt and tellurium enrichment within the Bidjovagge project area.

Comment from CEO, Jonatan Forsberg:

The recent discovery of potential for cobalt and tellurium at the Bidjovagge project adds further value to the overall project, which is very encouraging. The discovery follows the update of the Mineral Resource estimate for gold and copper that was presented in December 2021. In 2021, Arctic Minerals was also granted prolongation of our oldest extraction permits in Bidjovagge, which were up for renewal. The Company was also, in 2021, granted six new exploration permits from the Norwegian authorities for mineral rights for further exploration. Management considers that these new exploration permits have excellent potential for further discoveries. Altogether this gives a solid base for the future development of the Bidjovagge project.

Updated Mineral Resource

In December 2021 Arctic Minerals presented an updated mineral resource estimate for gold and copper for the Bidjovagge project. The mineral resource classified as indicated has increased to 3.3 million tons compared with 2.3 million tons in the 2012 estimate. The grades in the indicated resource was 1.27 gram per ton gold and 0.97 percent copper. Total contained metal in the indicated resource was 134,000 oz (4,180 kg) gold and 32,200 thousand tons of copper. For more information, see press release December 15, 2021.

Prolongation of extraction permits

In October 2021, Arctic Minerals was granted prolongation of extraction permits (Bidjovagge 1-5) for the Bidjovagge project. The prolongation was granted by DMF (the authority in charge of mineral rights in Norway) for the period up until 2024. Arctic Minerals, through its subsidiary Arctic Gold AB, has in total nine extraction permits at the Bidjovagge project.

New exploration permits

Arctic Minerals has also in 2021 applied for, and was granted, five new exploration permits (Buljovarri 1-5) covering the likely northward extension of the ore-bearing zone. In addition, Arctic Minerals has also in 2021 applied for, and been granted, the new exploration permit Laemssejohka 32, covering a parallel ore zone.

Partnership

Arctic Minerals has initiated a process to seek a partner to further develop the Bidjovagge project.

Certified Advisor

UB Securities Ltd, of Helsinki, Finland, (www.unitedbankers.fi) is the Company’s Certified Advisor on Nasdaq First North Growth Market, Stockholm.

Other

The company’s shares are listed on Nasdaq First North Growth Market, Stockholm under the trade designation “ARCT”.

For further information

see the Company’s website at www.arcticminerals.se or contact:

Jonatan Forsberg, CEO

(+46) 76 105 1310

[email protected]

or

Risto Pietilä, Exploration Manager

(+358) 40 029 3217

[email protected]

About Arctic Minerals

Arctic Minerals is a Nordic mineral exploration company exploring for copper, gold and battery metals in northern and central Finland. The Group also owns mineral rights in Norway.

This information is information that Arctic Minerals AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (EU) 596/2014. The information was submitted for publication, through the agency of the contact persons set out above, at 10.20 CET on January 17, 2022.

The original press release can be found on the Arctic Minerals website

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Great interest in further exploration activity on the Norwegian shelf

Press release | Date: 18/01/2022 The Ministry of Petroleum and Energy offers 53 new production licenses on the Norwegian continental shelf in the licensing round APA 2021. — The petroleum industry contributes with large revenues, value creation and jobs across the country. I am therefore happy to offer 53

The Ministry of Petroleum and Energy offers 53 new production licenses on the Norwegian continental shelf in the licensing round APA 2021.

— The petroleum industry contributes with large revenues, value creation and jobs across the country. I am therefore happy to offer 53 new production licenses in the predefined areas. Further exploration activity and new discoveries are crucial to develop the Norwegian petroleum industry further, says Minister of Petroleum and Energy Marte Mjøs Persen.

Awards in predefined areas (APA) is an annual exploration round in the most mature areas on the Norwegian shelf.

The 53 production licenses offered in this year’s round are distributed over the North Sea (28), the Norwegian Sea (20) and the Barents Sea (5). A total of 28 different oil companies, from large international companies to smaller Norwegian exploration companies, are offered shares in one or more of these licenses. 15 companies are offered one or more operatorships.

— Awards of productions licenses is a mainstay in facilitating a stable level of activity on the continental shelf. This award is an important contribution to maintain future exploration activity and to make new, profitable discoveries, says Mjøs Persen.

Background

Before licenses can be granted for petroleum activity in an area on the Norwegian continental shelf, the area must be open for petroleum activities. Production licenses can only be granted in areas that are open and accessible for petroleum activities.

A production license gives the exclusive right to explore, drill and extract petroleum within the license’s geographical area. Production licenses are normally awarded through licensing rounds. In a licensing round, the ministry announces certain geographical areas where companies can apply for production licenses. On the basis of the applications received, a production license is granted to a group of companies on the basis of objective, non-discriminatory and pre-announced criteria. The Ministry designates one operator for each production license.

The annual licensing rounds APA (Awards in predefined areas) were introduced in 2003. The aim was to best facilitate the identification and extraction of profitable resources in mature areas before existing infrastructure shuts down. The APA licensing rounds take place annually and within a predefined area. This gives the companies predictability about the available areas to apply for in the APA. This facilitates regular replenishment of new exploration area for the companies, which is important for achieving effective exploration. Over time, the APA area is expanded based on petroleum professional assessments of the areas’ maturity, and in particular the need for step-by-step exploration and utilization of time-critical resources. Today, the APA area comprises the majority of open, accessible exploration area on the Norwegian continental shelf.

The announcement of APA 2021, including expansion of the APA area, was sent for public consultation with a consultation deadline of 16 April 2021. The licensing round was announced on 9 June with the application deadline 8 September 2021 for companies. By the application deadline, the Ministry had received applications from 31 companies.

After the application deadline, the applications have been processed, which has resulted in the awards announced today.

Links:

Offers are given to the following companies (shares/operatorships):

Aker BP (15/7)

A/S Norske Shell (2/1)

Chrysaor (4/1)

Concedo (3/0)

ConocoPhillips (3/3)

DNO (10/3)

Equinor (26/12)

Idemitsu (3/0)

KUFPEC (1/0)

Longboat (1/0)

LOTOS (4/0)

Lundin (10/5)

M Vest (2/0)

Neptune (2/2)

OKEA (4/3)

OMV (3/1)

ONE-Dyas (3/0)

Pandion (3/0)

Petrolia NOCO (2/0)

PGNiG (4/3)

Source (2/0)

Spirit (7/2)

Suncor (2/0)

Sval (3/0)

TotalEnergies (1/0)

Vår Energi (10/5)

Wellesley (3/1)

Wintershall Dea (7/4)

This press release was initially posted to: https://www.regjeringen.no/en/aktuelt/stor-interesse-for-videre-leteaktivitet-pa-norsk-sokkel/id2895836/

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Honey Badger Reports Second Batch of Assays from Plata Yukon Program More Keno Hill-Style High Grade Silver Values

TORONTO, Jan. 18, 2022 (GLOBE NEWSWIRE) — Honey Badger Silver Inc. (TSX-V: TUF) (“Honey Badger” or the “Company”) is pleased to announce further results of rock and soil geochemical analyses from its 100%-owned, 5,690-hectare Plata Silver Property (“Plata”) located in east-central Yukon. Highlights of silver, gold, lead and zinc assays from five channel and chip

TORONTO, Jan. 18, 2022 (GLOBE NEWSWIRE) — Honey Badger Silver Inc. (TSX-V: TUF) (“Honey Badger” or the “Company”) is pleased to announce further results of rock and soil geochemical analyses from its 100%-owned, 5,690-hectare Plata Silver Property (“Plata”) located in east-central Yukon.

Highlights of silver, gold, lead and zinc assays from five channel and chip samples collected from the Aho zone at Plata are listed below:

4,500 g/t silver, 7.26 g/t gold, 24.13% lead, 0.83% zinc over 0.85 metres;
3,480 g/t silver, 4.63 g/t gold, 23.79% lead, 2.05% zinc over 1.6 metres;
1,546 g/t silver, 3.28 g/t gold, 5.04% lead, 0.09% zinc over 1.45 metres;
868 g/t silver, 5.30 g/t gold, 7.47% lead, 1.95% zinc over 1.93 metres; and
202 g/t silver, 3.69 g/t gold, 1.12% lead, 10.1% zinc over 1.32 metres.

In addition, gold assays have been received for five composite grab samples of hand sorted material collected from 90 ore bags left behind by historic miners at Plata. These are reported below in conjunction with silver, lead and zinc assays previously reported by the Company on December 13, 2021:

4.25 g/t gold, 5,190 g/t silver, 23.4% lead and 3.62% zinc;
7.56 g/t gold, 4,820 g/t silver, 13.15% lead and 2.78% zinc;
6.24 g/t gold, 4,000 g/t silver, 20.97% lead and 3.41 g/t zinc;
2.67 g/t gold, 3,500 g/t silver, 17.5% lead and 3.07% zinc; and
5.61 g/t gold, 2,930 g/t silver, 10.5% lead and 2.26% zinc.

Plata lies within the Tintina Gold Belt and displays numerous similarities to the world-class Keno Hill Mining Camp, Canada’s second largest primary producer of silver, located 165 km west of the Plata Silver Property. Keno Hill produced more than 200 million ounces of silver at an average grade of 44 ounces per ton (oz/t) of silver from approximately thirty-five vein deposits between 1913 and 1989 (1).

Chad Williams, Executive Chairman of Honey Badger commented,
“These results are significant in that:

  • They confirm that Plata has similar high-grade, early-stage, gold enriched silver veins as found in the Keno Hill District, one of Canada’s most prolific silver camps; and
  • Plata is considerably under-explored when compared to Keno Hill.

We believe the potential to develop existing targets is very promising as is the potential for making new high-grade silver discoveries”.

Sampling results from the P2 and P6 zones are pending and will be released when analyses are finalized.

2021 PLATA PHASE 1 WORK PROGRAM
Honey Badger’s 2021 program comprised detailed structural and lithological mapping of the core region of the property, accompanied by rock and channel sampling of several historical occurrences (the P2, P3, P4 and P6 zones in particular) and soil geochemical sampling. In addition, composite grab samples were also collected from about 90 large ore bags of hand-sorted mineralization that were cached at the Plata airstrip by historical miners, in order to determine the approximate grade of the mined material (see press release dated December 13, 2021, for results).

Channel, Chip and Outcrop Sampling Results from Aho Zone

Analyses of channel, chip and outcrop samples from the P3 and P4 zones, collectively known as the Aho zone, have returned highly significant silver, gold, lead and zinc results. Channel samples were cut using a gas-powered rock saw and were taken from channels that were 8 to 10 cm wide and 6 to 10 cm deep. Channels were cut perpendicular to the mineralized zone and represent true widths. Where channel sampling was not possible (soft rock or clay) chip samples were taken.

In all, a total of 16 channel and chip samples were collected at the Aho zone, as well as rock samples from outcrop. All of these samples returned elevated values for gold, silver, lead and zinc.

Channel and chip sample highlights from the Aho zone include:

4,500 g/t silver, 7.26 g/t gold, 24.13% lead, 0.83% zinc over 0.85 metres;
3,480 g/t silver, 4.63 g/t gold, 23.79% lead, 2.05% zinc over 1.6 metres;
1,546 g/t silver, 3.28 g/t gold, 5.04% lead, 0.09% zinc over 1.45 metres;
868 g/t silver, 5.30 g/t gold, 7.47% lead, 1.95% zinc over 1.93 metres; and
202 g/t silver, 3.69 g/t gold, 1.12% lead, 10.1% zinc over 1.32 metres.

Rock samples from outcrops at the Aho zone, returned:

4,260 g/t silver, 27.4 g/t gold, 9.72% lead, 0.12% zinc;
3,500 g/t silver, 2.27 g/t gold, 26.89% lead, 3.17% zinc; and
1,030 g/t silver, 4.92 g/t gold, 12.9% lead, 5.66% zinc

Figure 1 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f4eb8c51-b53f-46e5-8628-3c416ae2d65f

The Aho zone is dominated by Type II veins where significant gold endowment accompanies high-grade silver mineralization. Veins are hosted within the Plata thrust and range in width from 0.3 to 3 metres and have very consistent lateral extents. The zone has been traced for at least 800 metres along-strike, confirmed by excavator trenching, and has been intersected by historical drill holes up to 500 m down dip. Veins are characterized by massive to semi-massive sulphide pods and layers within quartz and clay. In 1987, approximately 37 tonnes of material that was mined from the P4 zone reportedly averaged 3,531 g/t silver and 5.73 g/t gold(2). Much of this material was transported to the airstrip but never shipped. Composite sampling of these ore bags in 2021 returned high-grade silver and lead with moderate zinc values (see press release dated December 13, 2021). Gold assays for these samples have since been received and are tabulated below.

Type Au (g/t) Ag (g/t) Pb (%) Zn (%)
Composite 4.25 5,190 23.4 3.62
Composite 7.56 4,820 13.15 2.78
Composite 6.24 4,000 20.97 3.41
Composite 2.67 3,500 17.5 3.07
Composite 5.61 2,930 10.5 3.07

Soil Geochemistry and Results of Plata 2021 Soil Sampling Program

Historical soil geochemistry data covers only the central portion of the Plata property with the majority of the samples taken in the 1970s and subsequent samples taken in 2008 and 2009. Some of the historical data comprises only silver and lead results, and none of the historical analyses included gold. Surprisingly, the historical data did not identify anomalous silver-in-soil values over the P1, P3, P4 or P5 zones, areas of substantiated high-grade mineralization. This may be due to the analytical technique used in the 1970s because these areas are marked by high lead values. Significantly, strong multi-element anomalies that occur elsewhere on the property have seen little to no follow-up work, including anomalies V, VI and IX all of which have strongly anomalous silver, lead and zinc values. These anomalies offer excellent potential for new discoveries.

In 2021, a total of 260 soil samples were taken from a small grid to the west along trend of the P2 and Aho zones. The new soil results discovered another multi-element anomaly (VIII) that includes moderate to strongly elevated values for silver and zinc with moderate lead results. This anomaly also includes highly elevated values for gold, which suggests there is potential in this area for Type II mineralization similar to that at the Aho zone.

Figure 2 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1d61c44e-e40c-4c6a-91c7-a98ed1e40f21

All analyses of rock and soil samples from the 2021 Plata program were performed by ALS Global Laboratories with sample preparation in Whitehorse and assays and geochemical analyses in North Vancouver.  Rock samples were routinely analyzed for gold by fire assay followed by atomic absorption (Au-AA24) and 33 other elements by four acid digestion with inductively coupled plasma-atomic emission spectroscopy analysis (ME-ICP61).  Samples that exceeded the detection limits of the routine methods were assayed for silver, lead and zinc by inductively coupled plasma-atomic emission spectroscopy (Ag/Pb/Zn – OG62) and samples that exceeded the detection limits for gold by gravimetric analysis (Au-GRA22). Soil samples were analyzed for 35 elements using an aqua regia digestion (ME-ICP41) with gold by fire assay followed by inductively coupled plasma-atomic emission spectroscopy (Au-ICP21).

Technical information in this news release has been approved by Heather Burrell, P.Geo., a senior geologist with Archer, Cathro & Associates (1981) Limited and qualified person for the purpose of National Instrument 43-101.

Notes:
1Cathro, R.C., 2006, Great Mining Camps of Canada 1. The History and Geology of the Keno Hill Silver Camp, Yukon Territory; Geoscience Canada, Vol.33, No.3, pp103-134.

2 Stewart, E.B., 2001, Valuation Report, Plata-Inca Property, Hess River Area; report for Big Blackfoot Resources Ltd., p 20.

ON BEHALF OF THE BOARD

Chad Williams
Executive Chairman and Director

About Honey Badger Silver Inc.

Honey Badger Silver is a Canadian Silver company based in Toronto, Ontario focused on the acquisition, development and integration of accretive transactions of silver ounces. The company is led by a highly experienced leadership team with a track record of value creation backed by a skilled technical team. With a dominant land position in Ontario’s historic Thunder Bay Silver District and advanced projects in the southeast and south-central Yukon including the Plata property 180 kms to the east of the Keno Hill silver district, Honey Badger Silver is positioning to be a top-tier silver company.

https://honeybadgersilver.com/

For more information, please visit our website above, or contact:

Ms. Christina Slater: [email protected]
(647) 848-1009

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release and any other information herein that is not a historical fact may be “forward-looking information”.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed timeframes or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

This announcement was originally published on the Globe newswire website.

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Higher gold grades from infill drilling at Ikkari

Rupert Resources Ltd (“Rupert” or the “Company”), a company advancing the multi-million-ounce Ikkari gold deposit and new regional discoveries at the company’s 100% owned Rupert Lapland Project in Northern Finland, is pleased to announce that infill drilling at Ikkari is returning higher gold grades and exploration drilling has extended mineralisation at the Company’s largely untested

Rupert Resources Ltd (“Rupert” or the “Company”), a company advancing the multi-million-ounce Ikkari gold deposit and new regional discoveries at the company’s 100% owned Rupert Lapland Project in Northern Finland, is pleased to announce that infill drilling at Ikkari is returning higher gold grades and exploration drilling has extended mineralisation at the Company’s largely untested Heinä Central target.

Ikkari has a National Instrument 43-101 inferred mineral resource estimate of 49 million tonnes (“Mt”) at 2.5 grams per tonne gold (“g/t Au”) for 3.95 million ounces (see Sept. 13, 2021 press release) 1. Approximately 80,000 metres (“m”) of drilling is planned for 2022; 60% focused on upgrading and expanding the Ikkari resource estimate, with the remainder allocated to regional exploration.

HIGHLIGHTS

Ikkari

Infill drilling has returned significant intervals of gold mineralization, in places, at higher grades than estimated in the reported resource estimate (Sept 2021). Drilling (tables 1 and 2b) also confirms high-grade continuity of the central mineralised zone, including:

  • #121158 returning 9.4 g/t Au over 13m from 166m and 4.5 g/t Au over 97m from 220m and
  • #121125 returning 3.8 g/t Au over 102m from 310m (240m vertical), including 6.9 g/t Au over 42m

Infill drilling from the east of Ikkari has identified higher grades than previously intersected in a mineralised zone with vertical continuity:

  • #121154 – 12.6 g/t Au over 8m from 105m (117m vertical)
  • #121134 – 4.2 g/t Au over 24m from 225m (175m vertical)
  • #121145 – 3.8 g/t Au over 15m from 324m (254m vertical)
  • #121148 – 5.5 g/t Au over 17m from 379m (297m vertical)

Heinä Central  

Recent drilling from the regional program has been focused on the Heinä Central discovery, located 1 kilometre (“km”) north of Ikkari, as part of an ongoing definition drilling program (see Nov. 29, 2021, press release). Previous limited drilling at Heinä Central intersected not only broad intervals of gold mineralization, but also copper. New high-grade gold and copper results from Heinä Central support plunge potential to depth evidenced by:

  • #121131 – 4.5 g/t Au and 2.1% Cu over 14.7m from 131m (109m vertical) and 2.9 g/t Au and 0.6% Cu over 10m from 153m (128m vertical)
  • #121133 – 3.0 g/t Au and 0.7% Cu over 15m from 239m (208m vertical)

James Withall, CEO of Rupert Resources commented “The results reported today show there is not only value to be unlocked at Ikkari through resource growth, but strengthening the grade of what is already a high-quality asset. We are consistently drilling higher grades at Ikkari than the September 2021 resource estimate. We are also encouraged by new drilling from Heinä Central which has extended plunge of the target with drilling still at comparatively shallow depths. We are on an aggressive growth track: we now have six rigs turning at Ikkari and other targets with a plan to drill almost three times the number of metres in the key winter season than was achieved in the equivalent period last year. “

This press release was originally posted to: https://rupertresources.com/higher-gold-grades-from-infill-drilling-at-ikkari/

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Updated mineral resource estimate for Arctic Mineral’s gold-copper project Bidjovagge in Norway

Arctic Minerals AB (publ) is pleased to announce an updated mineral resource estimate for its 100%-owned Bidjovagge gold-copper project in Norway. The mineral resource classified as indicated has increased to 3.3 million tons compared with 2.3 million tons in the 2012 estimate. The grades in the indicated resource is now 1.27 gram per ton gold

Arctic Minerals AB (publ) is pleased to announce an updated mineral resource estimate for its 100%-owned Bidjovagge gold-copper project in Norway.

The mineral resource classified as indicated has increased to 3.3 million tons compared with 2.3 million tons in the 2012 estimate. The grades in the indicated resource is now 1.27 gram per ton gold and 0.97 percent copper.

Total contained metal in the new indicated resource is 134,000 oz gold and 32,200 thousand tons of copper. This represents an increase of 22 percent in contained gold and 28 percent in contained copper compared with the 2012 estimate. In addition, the new inferred resource is 0.3 million tons with grades of 1.8 gram per ton gold and 0.7 percent copper content, equivalent to 21,000 oz gold and 2,500 tons copper.

Arctic Minerals commissioned Mr Markku Meriläinen MSc (Geology), MAusImm and Mr Pekka Lovén MSc(Mining), MAusIMM to provide a Mineral Resource Estimation update for the Bidjovagge project. Markku Merilainen and Pekka Lovén are both Competent Persons as defined by Joint Ore Reserves Committee (JORC). The Bidjovagge Project Mineral Resource estimate is compliant with the 2012 version of the JORC. The cut off is based on the updated operating costs estimated by AFRY Oy.

The updated mineral resource estimate represents an increase over the previous estimate made in 2012, by the same Competent Persons, then at Outotec Oy. The new estimate has been made using a gold equivalent value per ton ore, calculated as Aueq = Au + 1.85*Cu, at a price of US$ 1,700 per oz gold and US$4.05 cents per pound (US$8,929 per ton) copper, both well below current market prices of US$ 1,778 per oz gold and US$ 9,480 per ton copper (three-month delivery) as of December 14, 2021. The cut-off grade used in the new estimate is 1,0 gram per ton Aueq. This is lower than the 2,0grams per ton cut-off used in the 2012 estimate, due to today’s forecasted gold price being much higher than the price of US$ 950 per oz used in 2012.

The table below summarizes the Indicated Mineral Resource of the Bidjovagge project as of December 15, 2021.

Total Indicated Mineral Resource
Aueq cut off Tonnes Au, g/t Cu, %
1,00 3 303 000 1,27 0,97
2,00 2 567 000 1,48 1,06

The table below summarizes the Inferred Mineral Resource of the Bidjovagge project as of December 15, 2021.

Total Inferred Mineral Resource
Aueq cut off Tonnes Au, g/t Cu, %
1,00 360 000 1,8 0,7
2,00 220 000 2,6 0,9

In addition to the latest increase in resources, the Company believes that there is excellent exploration potential to identify additional resources in the Company’s exploration permits adjoining its extraction permits. Arctic Mineral’s recent review of geophysical data, together with data from old drill holes, strongly indicates that the ore-bearing zone continues to the north of the old mine area. The ore zone also appears open at depth.

Study of assays and drill cores

This year’s study of assays of old drill cores has shown very promising results in a new area covered by one of the Company’s recently granted new exploration permits. For example, one hole returned a high-grade intersection of 15.2 metres at 2.0% copper and 8.55 grams/ton gold. Another drill hole, from an area covered by an existing extraction permit, returned an intersection of 27.3 metres at 3.11% copper and 0.58 gram/ton gold. The Company plans to investigate this exploration potential in 2022, starting with a new geophysical (electromagnetic) survey.

Prolongation of extraction permits

In October 2021, Arctic Minerals was granted prolongation of extraction permits (Bidjovagge 1-5) for the Bidjovagge project. The prolongation was granted by DMF (the authority in charge of mineral rights in Norway) for the period up until 2024. Arctic Minerals, through its subsidiary Arctic Gold AB, has in total nine extraction permits at the Bidjovagge project.

New exploration permits

Arctic Minerals has also previous this year applied for, and been granted, five new exploration permits (Buljovarri 1-5) covering the likely northward extension of the ore-bearing zone. In addition, Arctic Minerals has also previous this year applied for, and been granted, the new exploration permit Laemssejåkka 32, covering a parallel ore zone.

Partnership

Arctic Minerals has in 2021 initiated a process to seek a partner to further develop the Bidjovagge project.

Certified Advisor

UB Securities Ltd, of Helsinki, Finland, (www.unitedbankers.fi) is the Company’s Certified Advisor on Nasdaq First North Growth Market, Stockholm.

Other

The company’s shares are listed on Nasdaq First North Growth Market, Stockholm under the trade designation “ARCT”.

For further information

see the Company’s website at www.arcticminerals.se or contact:

Jonatan Forsberg, CEO

(+46) 76 105 1310

[email protected]

or

Risto Pietilä, Exploration Manager

(+358) 40 029 3217

[email protected]

About Arctic Minerals

Arctic Minerals is a Nordic mineral exploration company exploring for copper, gold and battery metals in northern and central Finland. The Group also owns mineral rights in Norway.

This information is information that Arctic Minerals AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (EU) 596/2014. The information was submitted for publication, through the agency of the contact persons set out above, at 13.50 CET on December 15, 2021.

The original press release can be found on the Arctic Minerals website

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Greenland’s Fish Export Dropped Nearly Half a Billion in 2021

Published at: Jan 18 2022 – 11:05 / Updated at: Jan 18 2022 – 11:05 Fisheries is one of the most important industries in Greenland. The country’s exports largely consist of fish and shrimps. (Photo: Pro Studio) The export value of fish products was DKK 4.4 billion in 2021. Preliminary figures from Statistics Greenland show this. Compared with 2020, there

  

Fisheries is one of the most important industries in Greenland. The country’s exports largely consist of fish and shrimps. (Photo: Pro Studio)

The export value of fish products was DKK 4.4 billion in 2021.

Preliminary figures from Statistics Greenland show this.

Compared with 2020, there was a drop in export value of fish products of DKK 459 million in 2021. That constitutes -9.4 percent. Figures show that the value of Greenland’s fish exports in 2021 reached DKK 4.4 billion.

In 2019, export value was more than DKK 5 billion.

As for shrimps, export value has dropped 6.3 percent in 2021, which constitutes some DKK 150 million. This drop is largely due to a 5.8 percent price drop.

Cod export value also dropped with a total of 14.5 percent, equaling DKK 61 million. Volumes have dropped 1.8 percent and the average kilo price has dropped 12.9 percent.

Statistics Greenland says the figures depend on whether or not exporters report to the Tax Office’s customs division in time. Figure development must thus be interpreted with caution as revisions of formerly published figures may occur.

The original article can be found on the High North News website

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EnviroGold Global Announces Substantial Additional Tailings Indicated by Independent Geophysics Survey and Permitting Approval for the Buchans Tailings Reprocessing & Metal Recovery Project in Newfoundland and Labrador, Canada

TORONTO, Jan. 18, 2022 (GLOBE NEWSWIRE) — January 18, 2022) – EnviroGold Global Limited (CSE: NVRO | OTCQB: RGOZF |FSE: YGK) (“EnviroGold Global” or the “Company“), a Clean Technology Company accelerating the world’s transition to a circular-resource economy through the production of Metals Without Mining, is pleased to announce positive results from an independent ground penetrating

TORONTO, Jan. 18, 2022 (GLOBE NEWSWIRE) — January 18, 2022) – EnviroGold Global Limited (CSE: NVRO | OTCQB: RGOZF |FSE: YGK) (“EnviroGold Global” or the “Company“), a Clean Technology Company accelerating the world’s transition to a circular-resource economy through the production of Metals Without Mining, is pleased to announce positive results from an independent ground penetrating radar geophysical survey (the “Survey” or the “GPR Survey”) of its Buchans river delta tailings reprocessing & metal recovery project (the “Buchans Project”). The results are consistent with previous drilling of the deltaic tailings deposit and indicate the potential for a substantial upward revision of EnviroGold Global’s project estimates.

The results of the GPR Survey included 128.5 km of radar data that indicated the presence of substantial quantities of distinct geological material with an average thickness of 1.5 m deposited on and overlaying the bedrock underneath the exposed and submerged areas of the Buchans river delta (refer to figure below). The GPR Survey results are consistent with previous drilling of the tailings and support EnviroGold Global’s expectations of the presence of substantial quantities of legacy mine tailings in the central claims of the Buchans Project.

The data also indicated substantial quantities of distinct geological material within the EnviroGold Global controlled Jeff Wall claim adjacent to the Buchans central claims. The Survey shows the material extends into the Jeff Wall claims forming a “Western Arc” over a 1 km strike length. The identification of the previously unknown “Western Arc” indicates significant upside and increased potential for the Buchans Project, consistent with EnviroGold Global’s expectation that substantial quantities of legacy mine tailings exist outside of the Buchans Central claims.

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

Commenting on these positive developments, EnviroGold Global CEO, Dr. Mark Thorpe, said, “We are very pleased that the results of this geophysical Survey indicate substantial quantities of tailings within the central claims, consistent with legacy exploration work in the delta. The Survey’s indication of substantial additional legacy mine tailings along the “Western Arc” is a major development and could indicate an increase from our baseline estimates of the project’s potential. We appreciate the professionalism and expertise of Abitibi Geophysics.”

The independent Survey was undertaken by Abitibi Geophysics (“Abitibi”), a leading Canadian geotechnical firm, and was intended to map the presence, thickness and potential quantities of legacy mine tailings within the 1,225 hectares (3,025 acres) of mine claims subject to EnviroGold Global’s previously announced binding and definitive agreement. The tailings resulted from approximately 40 years of legacy gold, silver, copper, lead and zinc mining during which time tailings were dumped directly into the Buchans Brook and re-deposited into Beothuk Lake in the form of the Buchans River delta that could contain substantial quantities of precious metals, critical metals and barite. EnviroGold Global’s detailed assessments of the deltaic tailings, including metallurgical analysis, have suggested the potential for significant metal recovery.

EnviroGold Global will undertake additional work to define the potential of the Buchans Project, including a core sampling program, and is pleased to announce that it has submitted an exploration permit application to the Newfoundland and Labrador government for a coring plan covering the “Western Arc” within the Jeff Wall Claim. The Company expects the exploration permit to be approved in Q1 2022. EnviroGold Global is also pleased to announce that its previously-submitted sampling and analysis plan for the Aubrey Budgell claims, which lie to the north of the Buchans central claims, has been approved by the government of Newfoundland and Labrador.

In addition to further defining the project’s potential, the data generated by the planned exploration can be used to prepare a mineral resource estimate for the Buchans Project.

About the Buchans Project

The Buchans Tailings were produced during decades of mining operations within the Buchans Mining District, which was home to one of the world’s largest volcanogenic massive sulphide (VMS) deposits. From 1928 to 1984, American Smelting and Refining Company Inc. (ASARCO) produced approximately 16 million tonnes from five deposits with an average mill head grade of 14.51% zinc, 7.56% lead, 1.33% copper, 126 g/t silver and 1.37 g/t gold (reference: Geoscience Canada, Volume 37, Number 7, December 2010). From the start of the operation to about 1965, tailings from the operations were deposited into the Buchans River and flowed down the creek contributing to the Buchans River Delta.

The Company expects to deploy modular, scalable metal recovery and tailings remediation systems at the site designed with the capacity to process up to 1,000 tonnes per day of the reclaimed tailings. EnviroGold Global is entitled to 50% of the project economics.

Technical Details on the Abitibi Geophysical Survey

The Abitibi Geophysical Survey was undertaken to employ geophysical methods that can be used to determine the thickness, and thus the quantities, of the deltaic tailings deposited within the 1,225 hectares (3,025 acres) of mine claims subject to EnviroGold Global’s previously announced binding and definitive agreement.

Abitibi reviewed several potential geophysical methods for the survey, including electrical, electromagnetic and seismic methods, ultimately choosing to employ advanced ground penetrating radar to optimize the vertical and horizontal resolution of the survey. In addition to the GPR, Abitibi used acoustic pulse methodology to conduct a bathymetric survey of the water column covering certain portions of the deltaic tailings deposit. The acoustic bathymetric survey provided data, including data related to the boundary between the water and the sedimentary material, that was used to enhance the interpretability of the GPR generated data.

GPR is the highest resolution geophysical method and uses radio waves to penetrate and map the subsurface. Successful early work with GPR was performed to map the thickness of ice sheets in the Arctic and Antarctic, with pioneering research conducted by the British Antarctic Survey in the 1960s. Applications for GPR expanded into non-polar applications in the 1970s beginning with civil engineering applications. Historically, the expansion of GPR applications was inhibited by a lack of access to computers with sufficient capacity to capture and display sub-microsecond pulses of electromagnetic energy. In the 1990s, with the advent of the high-speed laptop computer, the ability to capture, digitize and store large volumes of radar data was realized. Commercial applications for GPR subsequently expanded significantly and currently include utilities detection, rebar imaging in concrete, void detection, permafrost engineering, stratigraphic mapping and fracture mapping.

GPR instruments employ a technique known as “stacking” to mitigate the impact of background signals on the results of a geophysical study. The more “stacking” a system can do, the deeper the radar can image. Most radar systems can “stack” 16 or 32 times when being dragged without a blurring effect. The instrumentation employed by Abitibi for the EnviroGold Global geophysical survey is able to stack 128,000 times and can therefore image to depths 2 to 3 times that of conventional GPR systems.

The GPR Survey was undertaken in November and December 2021 using 45MHz and 100MHz GPR systems and SONAR systems for bathymetric study. The GPR Survey collected a total of 128.5km of radar data using ATV and watercrafts to transport the Survey equipment.

Quality Assurance and Quality Control (QAQC) included a series of standard data processing methodologies including filtering, time zero adjustment, rubber-sheeting and migration, designed to enhance the quality and interpretability of the Survey data. The operation of the Survey instrumentation was independent from the initial quality control, processing, plotting and interpretation reporting, which was completed by a Professional Geologist. A final, independent quality control review was conducted by separate Professional Geologist. The study personnel were employed by Abitibi and independent of EnviroGold Global.

Qualified Person Statement

All scientific and technical information contained in this news release was prepared and approved by Ian Hodkinson, MAIG RPGeo, Chief Geologist of EnviroGold Global, who is a Qualified Person as defined in NI 43-101.

About EnviroGold Global

EnviroGold Global (CSE: NVRO) (OTCQB: RGOZF) (FSE: YGK), is a Clean Technology company creating shareholder value while establishing ESG market leadership by remediating mine and industrial waste, while reclaiming high-value commodities. The Company is strategically positioned to earn and maintain social license while capitalizing the estimated US$3.4 trillion in valuable commodities residing in target waste streams globally.

Further Information

Dr. Mark B. Thorpe

Chief Executive Officer

Telephone: +1 416 777 6720

Email: [email protected]

Juan Carlos Giron Jr.

Sr. Vice President

Telephone: +1 416 777 6720

Email: [email protected]

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward Looking Statements

This news release contains “forward-looking statements” within the meaning of applicable securities laws, including, without limitation, earnings guidance, economic guidance, operational guidance and future capital spending amounts. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements.

Graphical representations included in this news release are approximate representations which may vary from defined regulatory boundaries.

Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding the expected terms of the Buchans Project and its completion, the Company’s working relationship with the owner(s) of the Buchans tailings, the economic viability of the Buchans Project and statements regarding any residual precious metals as a by-product of the remediation, the Company’s expansion of its reprocessing pipeline, and the Company’s ability to accelerate the world’s transition to a circular resource economy. Forward-looking information in this news release are based on certain assumptions and expected future events, namely: the Company’s ability to continue as a going concern; the continued commercial viability and growth in the clean technology and mining waste reprocessing industry; continued approval of the Company’s activities by the relevant governmental and/or regulatory authorities; the continued development of clean technology and mining waste reprocessing technology; and the continued growth of the Company. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of the Company to continue as a going concern; the Company’s inability to accelerate the world’s transition to a circular resource economy, the risks associated with assessing metallurgical recovery rates from mine tailings and waste and related volumetric assessments, the risks associated with the mining and mining waste recycling industry in general; increased competition in the clean technology and waste reprocessing market; the potential unviability of the clean technology and mining waste reprocessing market; incorrect assessment of the value and potential benefits of various transactions; risks associated with potential governmental and/or regulatory action with respect to clean technology and mining waste reprocessing; risks associated with a potential collapse in the value of clean technology and waste reprocessing; and risks relating to the Company’s potential inability to expand its reprocessing pipeline.

Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

This announcement was originally published on the Globe newswire website.

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Far North Digital/True North Global Networks Sign MoU with Cinia for Pan-Arctic Fibre Cable

FOR IMMEDIATE RELEASE December 21, 2021 Vancouver, BC – Far North Digital-True North Global Networks and Cinia announced plans to jointly construct a fibre optic cable system linking Europe and Asia through the Arctic. Alcatel Submarine Networks (ASN) will take the lead on project design and installation. Far North Digital, a North American company

FOR IMMEDIATE RELEASE
December 21, 2021

Vancouver, BC – Far North Digital-True North Global Networks and Cinia announced plans to jointly construct a fibre optic cable system linking Europe and Asia through the Arctic. Alcatel Submarine Networks (ASN) will take the lead on project design and installation.

Far North Digital, a North American company focused on telecommunications infrastructure
development (Far North Digital (fn-digital.com)) and Finnish networks, cybersecurity and software solutions provider Cinia (Cinia | Frontpage), have signed a Memorandum of Understanding (MoU) to build a submarine fibre optic cable. The joint network will run from Japan, via the Northwest Passage, to Europe with landings in Alaska and the Canadian Arctic. European landings are planned in Norway, Finland and Ireland.

The 16,500 kilometer fibre optic cable system transits geopolitically stable and seismically safe regions and greatly reduces the optical distance between Asia and Europe, thus minimizing signal latency.

True North Global Networks is working with Indigenous organizations and local governments to develop branch landings in Arctic Canada, providing locally owned networks, a direct connection to the global internet. “This cable system is more than a way to speed and improve the security of telecommunications
between nations, it is a bridge over the digital divide, providing Northern communities with better opportunities for sustainable self-determination through economic development, enhanced educational options, and improved access to healthcare. Furthermore, it will serve as a platform that offers science a new and enhanced ability to conduct research into climate change”, says Guy Houser, Chief Technical Officer of Far North Digital.

“There is an increasing demand for secure and fast international connectivity with new
diverse routes. Spanning three of the world’s largest internet adopting continents the Far North Fibre will be a true global venture”, says Ari-Jussi Knaapila CEO of Cinia.

In Asia the main gateway for cable system is Japan.

“The Arctic connection between Japan and northern Europe has long been a shared passion of Japan and Cinia, as the diversity of international connections is vital to the island country. This connection provides excellent support for the Japanese government’s digitalization development program,” says Jun Murai, Professor at Keio University and Special Adviser to the Japanese Cabinet.

The target for in-service cable is by the end of the year 2025. Cost estimate for project is
approximately 1.48 billion CAD. Industry leader ASN (ASN – ALCATEL SUBMARINE NETWORKS) has been chosen as the lead EPC (engineering, procurement, construction) partner for the project.

-30-
Media Contact: Nicole Brassard
Global Public Affairs
604.240.5788
[email protected]

Far North Digital, LLC, an Alaskan company, joined True North Global Networks, a Canadian company, to develop the Far North Fibre submarine cable project. The principals of Far North/True North have significant experience in telecommunications, including the planning, financing, design and construction of subsea cable infrastructure and the management and operation of telecom companies in Alaska and Canada. More information at: Far North Digital (fn-digital.com)

Cinia provides secure high-availability data network and software solutions. Our operations are based on our solid expertise in modern software development, data network technologies and critical operating environments. Our fibre optic network of roughly 15,000 kilometres, including the C-Lion1 submarine cable, enables the fastest data communications solutions to Central Europe and to markets in Asia and Eastern Europe. By combining our services with services of our partners, we can provide reliable and comprehensive solutions that help our customers write their own digital success stories. More information at: Cinia | Frontpage

Alcatel Submarine Networks (ASN), part of Nokia, leads the industry in terms of transmission capacity and installed base with more than 650,000 km of optical submarine systems deployed worldwide, enough to circumnavigate the globe 15 times. From traditional telecom applications to content and “over the top” service provider infrastructures, ASN provides all elements of turnkey global undersea transmission systems, tailored to individual customer’s needs. An extensive services portfolio completes its comprehensive offering for the submarine business, including project management, installation and commissioning, along with marine and maintenance operations performed by ASN’s wholly owned fleet of cable ships. More information at:
ASN – ALCATEL SUBMARINE NETWORKS

This press release/announcement/article was originally posted on the website of PR Newswire: press release distribution, targeting, monitoring and marketing

 

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NOVATEK and ENN Natural Gas Sign Sales and Purchase Agreement on Long-Term LNG Supply

Moscow, 11 January 2022. PAO NOVATEK (“NOVATEK” and/or the “Company”) announced today that its wholly owned subsidiary, NOVATEK Gas & Power Asia Pte. Ltd., and ENN LNG (Singapore) Pte. Ltd., a subsidiary of ENN Natural Gas Co., Ltd. (“ENN Natural Gas”) signed a long-term LNG sale and purchase agreement (“SPA”) for the LNG produced

Moscow, 11 January 2022. PAO NOVATEK (“NOVATEK” and/or the “Company”) announced today that its wholly owned subsidiary, NOVATEK Gas & Power Asia Pte. Ltd., and ENN LNG (Singapore) Pte. Ltd., a subsidiary of ENN Natural Gas Co., Ltd. (“ENN Natural Gas”) signed a long-term LNG sale and purchase agreement (“SPA”) for the LNG produced from the Arctic LNG 2 project.

The SPA stipulates the supply of approximately 0.6 million tons of LNG per annum from the Arctic LNG 2 project for a term of 11 years. The LNG will be delivered on a DES basis to ENN’s Zhoushan LNG Receiving Terminal in China.

“We have reached another milestone in successful marketing of NOVATEK’s share of LNG to be produced by our Arctic LNG 2 project,” noted Leonid Mikhelson, NOVATEK’s Chairman of the Management Board. “This is another LNG SPA for delivery to the Chinese market, which is in line with our LNG strategy to expand sales to the Asia-Pacific region with its growing demand for clean-burning natural gas.

Note:

Arctic LNG 2 envisages constructing three LNG liquefaction trains of 6.6 million tons per annum each for the total LNG capacity of 19.8 million tons, as well as cumulative gas condensate production capacity of 1.6 million tons per annum. The Project will utilize an innovative construction concept of gravity-based structure (GBS) platforms to reduce overall capital cost and minimize the Project’s environmental footprint in the Arctic zone of Russia. As of 31 December 2020, the Utrenneye field’s 2P reserves under PRMS totaled 1,434 billion cubic meters of natural gas and 90 million tons of liquids.

The Project’s participants include: NOVATEK (60%), TotalEnergies (10%), CNPC (10%), CNOOC (10%) and Japan Arctic LNG, a consortium of Mitsui & Co, Ltd. and JOGMEC (10%).

PAO NOVATEK is the largest independent natural gas producer in Russia, and in 2017, entered the global LNG market by successfully launching the Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. The Company’s upstream activities are concentrated mainly in the prolific Yamal-Nenets Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 80% of Russia’s natural gas production and approximately 15% of the world’s gas production. NOVATEK is a public joint stock company established under the laws of the Russian Federation. The Company’s shares are listed in Russia on Moscow Exchange (MOEX) and the London Stock Exchange (LSE) under the ticker symbol “NVTK”.

The original press release can be found on the Novatek website 

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First Mining Gold looking to advanced flotation tech & trolley assist truck haulage in Springpole project feasibility study

First Mining Gold Corp has provided an update on the ongoing technical work at its Springpole Gold Project located in northwestern Ontario which is one of the largest, undeveloped, open-pit gold deposits in Canada with reserves of 3.8 Moz of gold at 0.97 g/t, plus 20.5 Moz of silver at 5.2 g/t. The

First Mining Gold Corp has provided an update on the ongoing technical work at its Springpole Gold Project located in northwestern Ontario which is one of the largest, undeveloped, open-pit gold deposits in Canada with reserves of 3.8 Moz of gold at 0.97 g/t, plus 20.5 Moz of silver at 5.2 g/t. The project is expected to see average annual gold production of 335,000 oz in years 1 through 9. The PFS contemplates an open pit mine and milling operation, evaluating recovery of gold and silver from a 30,000 t per day operation, with a process plant that includes crushing, grinding and flotation, with fine grinding of the flotation concentrate and agitated leaching of both the flotation concentrate and the flotation tails followed by a carbon-in-pulp recovery process to produce doré bars.

Since completing the pre-feasibility study for Springpole in January 2021, First Mining has been engaged in a number of significant technical programs to further optimise the development plan for Springpole and to further define the project scope for the Environmental Assessment (EA) process and into the Feasibility Study (FS) process. These programs are ongoing and include feasibility-level metallurgical test work, reviewing opportunities to reduce the project’s greenhouse gas footprint (GHG), exploring renewable power generation opportunities, environmental data collection, and EA document preparation.

The focus of the feasibility-level metallurgical program is to confirm metallurgical information and the process design of the Springpole PFS and explore opportunities to enhance metal recoveries and reduce operating and capital costs for Springpole by testing advanced flotation technologies, including Woodgrove’s Direct Flotation Reactor. The metallurgical testing in 2021 took 2.4 t of metallurgical samples collected from 10 drill holes to form three production composites that underwent advanced metallurgical testing, as well as 10 variability composites. The initial results support the test work and assumptions that were used in the Springpole PFS and warrant a more detailed analysis of simplifying the flotation flow sheet, compared to the Springpole PFS.

Filtration test work is also underway to optimise the size of the filter plant that will feed a dry-stack tailings facility. There is a potential opportunity to reduce the size of the filter plant which may represent a potential decrease to the initial process plant capital cost, when compared to the Springpole PFS.  More detailed analysis will be completed during the FS. First Mining will release results from the metallurgical program when it is completed, which is expected to be in Q2 2022.

Following the completion of the Springpole PFS, First Mining completed an analysis of potential GHG emissions from the project and determined that opportunities exist to reduce GHG emissions by reducing diesel consumption associated with the haul trucks with the addition of trolley assist in various areas of the mine. Given that the Project is scoped to be tied to the power grid, First Mining commissioned AGP Consulting to study the impact and benefit of a number of electric haul assist technologies. More detailed analysis is warranted and will be carried out during the FS.

First Mining also commissioned SLR Consulting to complete an initial scoping study of the opportunities to incorporate renewable power generation into the project development plan at Springpole.  The Springpole area is endowed with potentially economic wind and solar resources, as well as a significant biomass opportunity which has been previously studied for the region. The SLR study concluded that wind and solar were both viable potential supplemental power sources for the Project that warrant further study. In furtherance of this, First Mining has commenced site-specific, investment grade data collection for wind resources and will explore opportunities with the local communities to better understand avenues for partnership in a potential renewable power development.

This article was originally published on the International mining website.

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Tŝilhqot’in Nation Outraged by Alaskan Commercial Fishery Threatening B.C. Bound Salmon: Calls for Immediate Review of the Pacific Salmon Treaty

Williams Lake, BC: The Tŝilhqot’in Nation is alarmed to learn about an Alaskan Commercial Fishery that is threatening salmon that are bound for British Columbia and having severe impacts on the fishing rights of the Tŝilhqot’in Nation and other First Nations in British Columbia. The Tŝilhqot’in call on Canada to establish an independent review of

Williams Lake, BC: The Tŝilhqot’in Nation is alarmed to learn about an Alaskan Commercial Fishery that is threatening salmon that are bound for British Columbia and having severe impacts on the fishing rights of the Tŝilhqot’in Nation and other First Nations in British Columbia. The Tŝilhqot’in call on Canada to establish an independent review of the Pacific Salmon Treaty and the failure by the Department of Fisheries and Oceans to meaningfully represent First Nation interests, including food, social and ceremonial fishing rights, at the international table.

A new report commissioned by Watershed Watch Salmon Society and SkeenaWild Conservation Trust found that the Alaskan Fishery is responsible for harvesting hundreds of thousands of fish bound for B.C., which could partially explain the historically low returns that the province and our territory have experienced over the past few years and has led to fishing closures. While hundreds of thousands of B.C. bound salmon are harvested by commercial fisheries in U.S. waters, Tŝilhqot’in families have gone hungry and have been denied their Aboriginal right to fish. In 2019, the Alaska catch of Chilko salmon was almost 45,000 and only 158,000 returned to spawn in the territory, which means that Alaska was responsible for taking over 20% of the run, despite the numbers being so low that conservation measures were implemented throughout B.C. This is not an isolated
event: over-harvesting in Alaskan waters is threatening the future existence of these stocks.

While the Tŝilhqot’in Nation has made substantial economic, lifestyle and cultural sacrifices to conserve endangered salmon, Canada has stood silent while watching the U.S. permitting overfishing our already mismanaged stocks. The Tŝilhqot’in Nation calls for an independent review of the Pacific Salmon Treaty, with Tŝilhqot’in appointed representatives’ participation, and leading to new structures and renegotiation with the U.S.

Quotes:
Nits’ilʔin (Chief) Joe Alphonse, Tribal Chair, Tŝilhqot’in National Government
“This is outrageous. Our Nation has made huge sacrifices to conserve salmon over the years, including protecting the headwaters in our Title lands where these salmon spawn, and having the last remaining relatively healthy Fraser River sockeye run. More importantly, our Nation has implemented closures and denied our citizens their Aboriginal right to fish, impacting our traditional way of life, our economy and the mental and physical health of our peoples. We made these sacrifices because there were so few fish remaining in 2019 and 2020, only to learn that the drastic decline in returns was the result of major overfishing in Alaskan waters. We need to immediately review how the Pacific Salmon Treaty is structured, and First Nations’ role at such an important international table. We demand our own seat at the Pacific Salmon Commission to represent our Chilko fishery directly – this is what happens when others say they are looking after our interests. We cannot wait to fix this – it has too many consequences for Indigenous Peoples who
rely on salmon for sustenance, our economy and our ability to transmit our culture to future generations. We will consider all options, including legal action, after learning of this clear infringement of our rights and Canada’s unwillingness to protect them at the Pacific Salmon Commission level.”

This press release was initially released at: https://www.tsilhqotin.ca/press-releases/

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Arctic Minerals has been granted prolongation of extraction permits for the Company’s gold-copper project Bidjovagge in Norway

Arctic Minerals has been granted prolongation of extraction permits for the Company’s gold-copper project Bidjovagge in Norway. The Company has also,previously this year, been granted six new exploration permits in the area. Arctic Mineral’s recent review of geophysical data, together with data from old drill holes, strongly indicates that the ore-bearing zone continues to the north of the old mine area.

Arctic Minerals has been granted prolongation of extraction permits for the Company’s gold-copper project Bidjovagge in Norway. The Company has also,previously this year, been granted six new exploration permits in the area. Arctic Mineral’s recent review of geophysical data, together with data from old drill holes, strongly indicates that the ore-bearing zone continues to the north of the old mine area. The ore zone also appears open at depth. External consultants have been engaged to update the project’s mineral resource. Arctic Minerals has also initiated a process to seek a partner to further develop the Bidjovagge project.

Arctic Minerals has been granted prolongation of extraction permits (Bidjovagge 1-5) for the Company’s gold-copper project Bidjovagge in Finnmark, Norway. The prolongation has been granted by DMF (the authority in charge of mineral rights in Norway) for the period up until 2024. In a press release from August 6, 2021 Arctic Minerals announced that the Company had applied for a prolongation of the five extraction permits that were up for renewal in 2021. Arctic Minerals, through its subsidiary Arctic Gold AB, has in total nine extraction permits at the Bidjovagge project.

New exploration permits

Arctic Minerals has also previous this year applied for, and been granted, five new exploration permits (Buljovarri 1-5) covering the likely northward extension of the ore-bearing zone. In addition, Arctic Minerals has also previous this year applied for, and been granted, the new exploration permit Laemssejåkka 32, covering a parallel ore zone.

Study of drill holes

The Company has also in 2021 carried out a study of old drill cores in the Bidjovagge area. These show very promising results in a new area, now covered by one of the recently granted exploration permits. For example, one hole returned a high-grade intersection of 15.2 metres at 2.0% copper and 8.55 grams/ton gold. Another drill hole, from an area covered by an existing extraction permit, returned an intersection of 27.3 metres at 3.11% copper and 0.58 gram/ton gold.

In addition, the Company has also completed a review of geophysical data. This, together with data from old drill holes, strongly indicates that the ore-bearing zone continues to the north of the old mine area. The ore zone also appears open at depth.

Plans for further exploration include a new geophysical (electromagnetic) survey in 2022.

Updated mineral resource

For the fall 2021, external consultants have been engaged to update the project’s mineral resource. The last update of the mineral resource in Bidjovagge was carried out in 2012.

Partnership

Arctic Minerals has in 2021 initiated a process to seek a partner to further develop the Bidjovagge project.

Comment from CEO, Jonatan Forsberg:

We have now been granted prolongation of our oldest extraction permits in Bidjovagge, which were up for renewal in 2021. The Company has also previously this year been granted six new exploration permits from the Norwegian authorities for mineral rights for further exploration. Recent reviews of geological data and drill holes strongly indicate that the ore-bearing zone in Bidjovagge continues to the north of the old mine area. The ore zone also appears open at depth. For the fall 2021, external consultants have been engaged to update the project’s mineral resource. Arctic Minerals has also initiated a process to seek a partner to further develop the Bidjovagge project.

Certified Advisor

UB Securities Ltd, of Helsinki, Finland, (www.unitedbankers.fi) is the Company’s Certified Advisor on Nasdaq First North Growth Market, Stockholm.

Other

The company’s shares are listed on Nasdaq First North Growth Market, Stockholm under the trade designation “ARCT”.

This press release was initially released at: https://www.arcticminerals.se/en/investor-relations/news/arctic-minerals-has-been-granted-prolongation-of-extraction–89921

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Secretary Deb Haaland ignores North Slope Iñupiat on NPR-A IAP

January 11, 2022   Biden Administration Caters to ENGOs over Alaska Natives Arctic Slope Regional Corporation (ASRC), the Iñupiat Community of the Arctic Slope (ICAS), and the North Slope Borough (Borough) are united in opposition to the Bureau of Land Management’s (BLM) announcement that it is proceeding to fundamentally abandon the

 

Biden Administration Caters to ENGOs over Alaska Natives

Arctic Slope Regional Corporation (ASRC), the Iñupiat Community of the Arctic Slope (ICAS), and the North Slope Borough (Borough) are united in opposition to the Bureau of Land Management’s (BLM) announcement that it is proceeding to fundamentally abandon the 2020 National Petroleum Reserve – Alaska (NPR-A) Integrated Activity Plan (IAP) and revert to the 2013 NPR-A IAP.

Today’s announcement by the BLM diminishes Alaska Native self-determination by ignoring the needs, concerns and input of the local people who live, work and subsist in and around the NPR-A. The 2020 IAP was developed in partnership with the Borough and in consultation with North Slope Tribes and Alaska Native corporations. At the urging of these local and Alaska Native stakeholders, the 2020 IAP included provisions that would have ensured future economic development opportunities for the region, allowed for community infrastructure needs to be considered in the NPR-A and required that areas identified by local and Alaska Native entities be excluded from future leasing. Changes the North Slope Iñupiat fought to include. Today’s decision by the Biden Administration to ignore the needs and concerns of the North Slope Iñupiat is in direct contradiction to its top public policy goals, to advance racial equity and support underserved communities.

ASRC President and CEO Rex Rock, Sr. stated, “On multiple occasions, ASRC, the Borough, and ICAS have offered to work in partnership with the Biden Administration on issues affecting our region. Secretary Haaland and President Biden have chosen, with this decision, to not only ignore the voices of the North Slope Iñupiat but to exclude us from the decision-making process on issues that impact our Iñupiat communities and our culture.”

Morrie Lemen, Executive Director of the Iñupiat Community of the Arctic Slope said, “Secretary Haaland has violated her Department’s consultation guidance and E.O. 13175 by failing to consult with ICAS. We are a federally recognized Tribe, and this action directly impacts the livelihoods of our tribal members. This is further proof that the Biden Administration prioritizes its relationships with environmental organizations over the sovereignty of Alaska Natives.”

North Slope Borough Mayor Harry Brower, Jr. stated, “I have a responsibility to the people of the North Slope to protect the long-term sustainability of our communities through a viable economic base, a responsibility that I take very seriously. Secretary Haaland is failing in her responsibility to the Alaska Native people of the North Slope.”

About the Iñupiat Community of the Arctic Slope

The Iñupiat Community of the Arctic Slope (ICAS) is a Regional Alaska Native tribal government governed by the Indian Reorganization Act of 1934 and the ICAS Constitution. ICAS was established as an IRA on August 26, 1971. The mission of ICAS is to exercise its sovereign rights and powers for the benefit of tribal members, to conserve and retain tribal lands and resources including subsistence and environmental issues, to establish and carry out justice systems including social services pursuant to Iñupiat tribal law and custom, and to increase the variety and quality of services provided to current tribal members and for our future generations.

About the North Slope Borough

The North Slope Borough (Borough) is a home rule government located above the Arctic Circle that represents the roughly 10,000 residents in the eight communities of Anaktuvuk Pass, Atqasuk, Kaktovik, Nuiqsut, Point Hope, Point Lay, Utqiaġvik and Wainwright. The Borough’s jurisdiction includes the entire National Petroleum Reserve – Alaska (NPR-A) and the villages within it—Nuiqsut, Atqasuk, Utqiaġvik, and Wainwright. In 1972, the Iñupiat people of the North Slope formed the Borough to ensure their communities would benefit from oil and gas development on their ancestral homelands. It was the first time Native Americans took control of their destiny through the use of a municipal government. The Borough exercises its powers of taxation, property assessment, education, and planning and zoning services. Taxes levied on oil and gas infrastructure have enabled the Borough to invest in public infrastructure and utilities, support education, and provide police, fire, emergency and other services. Elsewhere in rural Alaska, these services are typically provided by the state or federal governments.

About ASRC

ASRC was incorporated pursuant to the passage of the Alaska Native Claims Settlement Act of 1971 (ANCSA). ASRC is owned by and represents the business interests of its approximately 13,000 Iñupiat shareholders, many of whom reside in the eight communities on the North Slope. ANCSA extinguished aboriginal land title and conveyed nearly five million acres of fee-simple land to ASRC for the cultural and economic benefit of its Iñupiat shareholders. Mandated by Congress to operate as a for-profit corporation, ASRC is committed to providing financial returns to its Iñupiat shareholders in the form of jobs and dividends, and to preserving the Iñupiat culture and traditions.

Contact

Bridget Anderson
VP, External Affairs

Email: [email protected]

The original press release can be found on the Arctic Slope Regional Corporation website

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C2C Gold Announces Visible Gold in Quartz Boulders at its Millertown Property, Newfoundland

VANCOUVER, British Columbia, Jan. 13, 2022 (GLOBE NEWSWIRE) — C2C Gold Corp. (CSE: CTOC; OTCQB:CTCGF) (the “Company” or “C2C”) is pleased to announce the discovery of visible gold in quartz vein float at its Millertown property in the Central Newfoundland Gold Belt. The previously undocumented showing, now named the Atlas Zone, is easily accessible being

VANCOUVER, British Columbia, Jan. 13, 2022 (GLOBE NEWSWIRE) — C2C Gold Corp. (CSE: CTOC; OTCQB:CTCGF) (the “Company” or “C2C”) is pleased to announce the discovery of visible gold in quartz vein float at its Millertown property in the Central Newfoundland Gold Belt. The previously undocumented showing, now named the Atlas Zone, is easily accessible being located one kilometer from the Buchans Highway and 16 km south of the town of Badger.

  • Visible gold was noted in quartz vein float samples that returned up to 5.37 g/t gold;
  • The Atlas Zone lies 2.5 km southwest along strike with the Jaclyn gold deposit (owned and operated by Great Atlantic Resources Corp.);
  • Metallic screen analysis of Atlas Zone rock samples is underway, and results of reconnaissance soil sampling are pending;
  • The Atlas Zone is prioritized for follow-up fieldwork including drilling.

Lori Walton, Chief Executive Officer of C2C Gold Corp., commented: “We are excited to announce the visible gold found on the northeast part of our Millertown property in Newfoundland’s Central Gold Belt. The easily accessible Atlas Gold Zone is a fresh discovery made late in the field season in an underexplored area with very limited outcrop. The presence of angular gold-bearing quartz vein float is an excellent indicator of potential buried gold mineralization and a priority area of interest for C2C in the 2022 season

To view maps of C2C projects and the Atlas Zone please visit: https://bit.ly/3no41js.

The Atlas Zone was identified as an area of interest based on C2C’s interpretation of regional geology, geophysical data, and proximity to known gold deposits. Recent logging, and a historic bush fire which removed vegetation and exposed a group of four large quartz vein boulders up to 1 m x 1 m x 0.5 m. An initial grab sample from the quartz boulder train returned 5.0 g/t gold. Follow-up prospecting in late November uncovered additional quartz vein boulders. In one of the boulders specks of visible gold, trace arsenopyrite, and pyrite are distributed within a narrow alteration halo along crack-seal surfaces.

The quartz boulders at the Atlas Zone were discovered within a 200 m wide, south-southwest trending corridor extending from Great Atlantic Resource Corp.’s Jaclyn Main Zone quartz veins. The Jacklyn Main Zone has an Inferred Resource of 357,500 tonnes at 10.4 g/t gold containing 119,000 gold ounces (uncapped).1 A historical soil grid by Rubicon Minerals ended 200 m northeast of the Atlas Zone and detailed soil sampling was never completed in this area. Bedrock at the Atlas Zone is covered by overburden, but historical mapping indicates the underlying bedrock is Caradocian-age black shale. This unit is commonly associated with gold-bearing quartz veins in this area. The relationship between the quartz boulders and underlying host rock is unknown at this time due to overburden cover and limited exposure; however, the Atlas zone is along strike and up-ice from the Jaclyn gold deposit.

Concurrent with prospecting, two soil sample reconnaissance lines were placed over the Atlas zone. The results of the soil sample program are pending.

Metallic Screening Analysis
Five quartz vein rock samples were submitted to ALS Global in Moncton, NB for analysis. The sample with visible gold returned a gold assay of 5.3 g/t and the remaining samples were below detection. The five samples will be re-analyzed using screen metallic techniques. Screen metallic analysis identifies the distribution of gold between the coarse and fine grain components of the sample, generally 75um and 106um, respectively. Typically, 1,000 g splits are processed for the analysis to ensure the material is representative of the sample. Screen metal analyses are commonly used to analyse quartz vein samples with coarse-grain gold that may not have a homogenous distribution within the sample. The analytical technique is considered to provide the most representative analysis of gold concentration in coarse-grain gold systems.

Quality Assurance and Quality Control
Rock samples collected by C2C Gold Corp. employees and contractors and packaged into rice bags then shipped to ALS Laboratories Ltd. (ALS) in Moncton, NB by Armour Transportation Systems. ALS prepared the samples by crushing to 75% <2mm and pulverising a 1,000 g split to 85% passing 75 microns. Analytical aliquots (30G) are prepared with a riffle splitter. The analysis is comprised of analytical package ME-ICP61, a 33 element analytical package. A fire assay with an atomic absorption finish is also completed. Assays over 10 ppm are re-assayed with a gravimetric finish. A standard reference material is included in each shipment to monitor QA/QC of the laboratory.

C2C Gold Corp. gratefully acknowledges the Newfoundland and Labrador Ministry of Natural Resources financial support of C2C’s 2021 exploration program on the Badger, Millertown, and Barrens Lake properties through the Junior Exploration Assistance Program.

Technical information disclosed in this news release has been reviewed and approved by Chris Buchanan, P.Geo., Chief Geologist for C2C Gold Corp., and Qualified Person as defined by National Instrument 43-101.

About C2C Gold Corp.
C2C is a Canadian mineral exploration company focused on acquiring and developing mineral projects in Newfoundland, Canada. The Company controls over 1,260 km2, one of the largest land positions on the Central Newfoundland Gold Belt, including the Badger, Millertown, Barrens Lake, South Tally, and Lake Douglas projects with road access and proximity to communities and power lines. C2C also holds a portfolio of projects within the prolific White Gold and Klondike districts in Canada’s Yukon.

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/beb3b6b9-1c7b-46cf-9efd-36c90e7acfb0

https://www.globenewswire.com/NewsRoom/AttachmentNg/c3041a95-09a9-4989-8b01-1c6602de72ec

https://www.globenewswire.com/NewsRoom/AttachmentNg/aa12cda8-b926-4f42-bc91-aff5cbeaab07

https://www.globenewswire.com/NewsRoom/AttachmentNg/343a8084-ba5e-437f-a285-59b0f42ab6b3

  1. See Dec. 6, 2018 news release – Great Atlantic Resources Corp. Files 43-101 Report on Golden Promise Project, Newfoundland

For additional information:
Lori Walton, Chief Executive Officer
(833) 888-2862
[email protected]
www.c2cgold.com

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements
This news release may include forward-looking statements that are subject to risks and uncertainties and can be identified by the use of forward-looking terminology such as “expected”, “will be”, “anticipated”, “may” or variations of such words and phrases or statements that certain actions, events or results “will” occur. All statements within, other than statements of historical fact, are to be considered forward looking. Forward looking statements in this news release include but are not limited to: the structure of the Option; the exercise of the Option; and the completion of the Joint Venture. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

This announcement was originally published on the Globe newswire website.

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Governor Dunleavy Announces Alaska Bycatch Review Task Force Members

January 7, 2022 Today, Governor Mike Dunleavy released the list of eleven Alaskans who will serve on the Alaska Bycatch Review Task Force. The mission of the task force is to better understand the unintended bycatch of fish such as halibut and salmon caught in both State and federal waters. The two

Today, Governor Mike Dunleavy released the list of eleven Alaskans who will serve on the Alaska Bycatch Review Task Force. The mission of the task force is to better understand the unintended bycatch of fish such as halibut and salmon caught in both State and federal waters. The two remaining seats on the task force will be non-voting seats filled by members of the Alaska Legislature.

“While Alaska’s healthy and sustainable fisheries are an example for the entire world to follow, bycatch has remained a contentious issue of concern of all Alaskans,” said Governor Dunleavy. “The 11 Alaskans who stepped forward to serve on the Alaska Bycatch Review Task Force represent key stakeholder groups and are recognized for not only their knowledge of fisheries, but their commitment to sustaining the resource for generations of Alaskans to come.”

The Governor’s appointees are:

John Jensen, Chair – Mr. Jensen has over a half century of experience in Alaska’s commercial fishing industry. He is serving his seventh term on the Alaska Board of Fisheries and was appointed to the North Pacific Fisheries Management Council in 2018.

Tommy Sheridan, Vice-chair – Mr. Sheridan will hold the public member seat on the task force and fills the role of vice-chair. He is the owner of Sheridan Consulting and is a member of the North Pacific Anadromous Fish Commission.

Brian Gabriel – Mr. Gabriel has served as mayor of the City of Kenai since 2016 and previously held a seat on the city council for six years.

Linda Kozak – Ms. Kozak occupies the halibut fisher seat in addition to running a fisheries consulting service. She also serves on the board of United Fishermen of Alaska.

Raymond May – Filling the salmon fisher seat is Mr. Raymond May. He owns and operates a commercial fishing vessel out of Kodiak Island, and is a council member for the Native Village of Port Lions.

Erik Velsko – Mr. Velsko will occupy the seat reserved for a crab fisherman. He has worked as a commercial fisherman in Alaska since 1997 and is a member of the North Pacific Fisheries Management Council Advisory Panel.

Mike Flores – Mr. Flores has owned and operated a sport fishing charter business in Ninilchik since 1994. He is also a board member on the State of Alaska’s Big Game Commercial Services Board.

Stephanie Madsen – Ms. Madsen is the Executive Director for the At-Sea Processors Association.

Ragnar Alstrom – Holds the Community Development Quota (CDQ) representative seat on the task force. Mr. Alstrom is the executive director for the Yukon Delta Development Association.

Kevin Delaney – Mr. Delaney is the founder of Delaney Outdoors, a fisheries consulting firm he opened in 2010. He was the director for the Division of Sport Fish, Alaska Department of Fish and Game from 2005 to 2010.

Duncan Fields – Mr. Duncan fills the seat reserved for an organization representing Alaska Natives. He is a long-time resident of Kodiak Island and owns a consulting firm that represents two Native corporations.

Governor Dunleavy has tasked the group to study the following areas:

• Determine what impacts bycatch has on fisheries.
• Evaluate and recommend policies informed by a better understanding of the issue of bycatch of high-value Alaska fishery resources.
• Ensure State agencies are leveraging available resources to better understand the issue of bycatch.
• Utilize the best available science to inform policy makers and the public about these issues.

This press release was initially published at: https://gov.alaska.gov/newsroom/2022/01/07/governor-dunleavy-announces-alaska-bycatch-review-task-force-members/

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Enersense acquires Megatuuli Oy, an onshore wind farm developer

Enersense International Plc Insider information, 20 December 2021 at 7:45 a.m. Enersense International Plc (“Enersense”), a provider of zero-emission energy solutions, has signed an agreement on acquiring Megatuuli Oy (“Megatuuli”), an onshore wind farm developer company. The total purchase price to be paid in the share transaction (“Share Transaction”) is EUR 18.5 million. The purchase price will be paid

Enersense International Plc
Insider information, 20 December 2021 at 7:45 a.m.

Enersense International Plc (“Enersense”), a provider of zero-emission energy solutions, has signed an agreement on acquiring Megatuuli Oy (“Megatuuli”), an onshore wind farm developer company. The total purchase price to be paid in the share transaction (“Share Transaction”) is EUR 18.5 million. The purchase price will be paid in full by means of new Enersense shares to be issued.

With the acquisition of Megatuuli, Enersense will continue to expand its role in the value chain for renewable energy production projects. Upon completion of the Share Transaction, Enersense will become a developer of onshore wind power projects. Megatuuli and its partners have projects in progress or in the feasibility study phase in different parts of Finland, with a total capacity of around 3,000 MW.

Jussi Holopainen, CEO, Enersense International Plc:

“Megatuuli complements and supports Enersense’s strong selection of services, making us a more broad-based partner for implementing zero-emission energy solutions. Upon completion of the Share Transaction, we will begin to develop wind farms in cooperation with Megatuuli’s partners and will participate in their construction and possibly in their contracting. We will also seek to partly serve as owners of wind farms and produce zero-emission energy. Fingrid forecasts that the production of onshore wind power will grow in Finland from around 2,000 MW in 2020 to more than 14,000 MW by 2030. Megatuuli’s and its partners’ project development portfolio corresponds to approximately 20 per cent of the amount of wind power capacity in Finland in 2030 as estimated by Fingrid. Megatuuli aims to develop and build 1,000 MW of wind power by 2025 in cooperation with its project development partners. If completed, the Share Transaction will enable utilisation of Megatuuli’s expertise on project development also on offshore wind power projects.”

The number of new Enersense shares to be issued to the sellers as consideration will be determined five business days before the completion of the Share Transaction based on the 25-day volume-weighted average price of the Enersense share on the Nasdaq Helsinki. The maximum number of new shares is limited to 2,675,000 shares (19.9 per cent of the current number of shares in Enersense). If the maximum number of shares is not sufficient to cover the full amount of the purchase price, the sellers are entitled to require that the difference be settled in cash.

The Share Transaction is conditional on, among other things:

-the Extraordinary General Meeting of Enersense, convened to be held on 11 January 2022, deciding to change the Articles of Association of Enersense and authorising Enersense’s Board of Directors to decide on a directed share issue related to the Share Transaction and related security arrangement; and

-Certain of Megatuuli’s project development partners issuing a waiver in relation to the change of control terms included in the agreements between Megatuuli and these parties in connection with the Share Transaction, as well as on renegotiating the duration and certain terms and conditions of the cooperation agreement with Megatuuli’s key project development partner;

– Megatuuli’s Articles of Association being amended to create a series of non-voting shares and Enersense and the current shareholders of Megatuuli having negotiated a shareholder agreement concerning Megatuuli; and

– certain other customary terms and preconditions.

The transaction is expected to be completed, subject to the fulfilment of the conditions precedent, during January 2022.

The new Enersense shares given as consideration to the sellers are subject to a lock-up restriction and security arrangement. The new shares in Enersense will be submitted for trading approval on the Nasdaq Helsinki after the Share Transaction is completed.

If the Share Transaction is completed, the current shareholders of Megatuuli will remain the owners of Megatuuli’s new series of non-voting shares. The series of non-voting shares will entitle these shareholders to dividends based on the sales revenues of certain future projects. These non-voting shares in Megatuuli will not entitle their holders to other distribution of profit, nor will they, subject to certain exceptions, provide their holders with other rights related to Megatuuli.

Subject to the completion of the Share Transaction, Enersense’s business operations in the wind power sector will expand from wind farm design and construction services to also cover onshore wind power project development carried out by Megatuuli in cooperation with its partners.  Value chain expansion is expected to even out the profitability and cash flow risks arising from cyclicality and fluctuations in demand in project construction in Enersense’s current business operations. In addition, participation in wind power development is expected to provide Enersense with an advantage in construction and maintenance services related to wind farms.

Project development operations are very long-term by nature, and their most typical risks and uncertainties include the approvability of projects, as well as complaints related to statutory land use planning processes and permit procedures in particular, which may delay or prevent the implementation of development projects. Megatuuli’s operations also focus on early-stage development work in wind power projects, and the implementation of development projects depends on certain key partners and the continuity of contracts with these partners, which requires, for example, that Megatuuli is able to comply with the obligations included in such contracts.

Megatuuli in brief

Established in 2010, Megatuuli is a Finnish developer of onshore wind power projects. Its operations focus on early-stage development work in wind power projects. Megatuuli develops onshore wind power projects in cooperation with its partners. Megatuuli and its partners have projects in progress or in the feasibility study phase in different parts of Finland, with a total capacity of around 3,000 MW. Seven wind power projects have been developed and built or are under construction by Megatuuli and its partners, consisting of 41 wind power plants. The total investment value of these projects is around EUR 250 million. Tyrinselkä, the first project that progressed to the construction phase, has been producing wind power since 2016 and was after its commissioning the wind farm with the best capacity factor.

Megatuuli’s turnover for the financial year that ended in 2021 (1 April 2020 to 31 March 2021) was EUR 0.5 million (EUR 0.5 million for the financial year that ended in 2020). The company’s EBITDA was around EUR 3.5 million in the financial year that ended in 2021 (EUR 0.2 million in the financial year that ended in 2020), and its balance sheet stood at around EUR 0.7 million at the close of the financial year that ended in 2021 (EUR 1.1 million in 2020). The company has nine employees.

Terms and conditions of the Share Transaction in brief

Subject to the completion of the Share Transaction, Enersense will pay EUR 18.5 million as the purchase price to Megatuuli’s current owners. The purchase price will be paid in full in new shares in Enersense by means of a share issue against payment directed to Megatuuli’s current shareholders (“Directed Share Issue”).

The number of new shares to be issued through the Directed Share Issue will be determined five business days before the completion of the Share Transaction based on the 25-day volume-weighted average price of the Enersense share on the Nasdaq Helsinki (the period beginning 30 days before the completion of the Share Transaction and ending 5 days before the completion of the Share Transaction). The transaction is expected to be completed during January 2022. The total number of new shares to be issued through the Directed Share Issue is always limited to a maximum of 2,675,000 shares (19.9% of the current number of shares in Enersense), meaning that the total number of shares in Enersense will increase to a maximum of 16,072,729 shares if the Directed Share Issue is completed. If the maximum number of shares is not sufficient to cover the full amount of the purchase price, the sellers are entitled to require that the difference be settled in cash.

Subject to the completion of the Share Transaction, the current shareholders of Megatuuli will own the shares in a new series of non-voting Megatuuli shares to be established. The non-voting shares will entitle their holders to dividends based on sales revenues from certain wind farms under development by Megatuuli and its partners. These minority shareholders will have no other rights to Megatuuli’s distribution of profit, nor will they have, subject to certain exceptions, any other rights related to Megatuuli. If the Share Transaction is completed, Enersense and the current shareholders of Megatuuli will enter into a shareholder agreement concerning Megatuuli, and the Articles of Association of Megatuuli will be amended to create the new share series. The current shareholders’ holding in Megatuuli will expire once Megatuuli has paid them the agreed dividends based on revenues from wind farms under development.

The Share Transaction is conditional on the Extraordinary General Meeting of Enersense, convened to be held on 11 January 2022, deciding to change the Articles of Association of Enersense and authorising Enersense’s Board of Directors to decide on a directed share issue concerning the issue of shares to be given as the consideration, as well as granting the authorisations related to the security arrangement included in the Share Transaction. The notice of the Extraordinary General Meeting will be published by means of a separate stock exchange release and on the Enersense website at www.enersense.com/investors.

The Share Transaction is also conditional on certain of Megatuuli’s project development partners waiving their rights to the change of control terms included in the agreements between Megatuuli and these parties in connection with the Share Transaction, as well as on renegotiating the duration and certain terms and conditions of the cooperation agreement with Megatuuli’s key project development partner. The negotiations on the aforesaid contract amendments have been initiated between Megatuuli, Enersense and the said project development partner. In addition, the Share Transaction is conditional on amending the Articles of Association of Megatuuli to create a new series of non-voting shares for minority shareholders and on negotiating the related shareholder agreement, as well as on certain other customary terms and preconditions.

Subject to the completion of the Share Transaction, Megatuuli’s total of 13 owners will become new shareholders in Enersense. The total share of Megatuuli’s largest owners (LOE Invest Oy, Mapps Global Invest Oy, Blin Ab and Summer Island Oy) of the new shares given by Enersense as the consideration is around 72,57 per cent.

In connection with the Share Transaction, Megatuuli’s shareholders will agree, subject to certain terms specified in more detail in the contract of sale, to comply with the lock-up restrictions and security arrangement concerning the new shares in Enersense that they receive through the Directed Share Issue. The lock-up and security restrictions will concern 50% of the shares provided as consideration to Megatuuli’s shareholders, and the restriction will be lifted 24 months after the completion of the Share Transaction.

The Share Transaction, if completed, will have no impact on Enersense’s financial guidance for 2021. Subject to the completion of the Share Transaction, it is expected to improve Enersense’s financial position in 2022 and the company’s performance over the long term. The revenues from certain wind farms under development by Megatuuli which are the subject of the series of non-voting Megatuuli shares, are expected, subject to the completion of the Share Transaction, to have an EUR 20-40 million impact on Enersense’ EBIT by the year 2025. In terms of distributable net profit, Enersense’s share of the said amount is expected to be around one third and the share of the non-voting shares held by the sellers around two thirds.  The first projects are expected to provide revenues during 2022. For other projects, which are expected to provide revenues from 2024 onwards, Enersense’s share of net profit is 100 per cent.

If the Share Transaction is completed, it will have an impact on Enersense’s long-term numerical targets, which the company will update accordingly during the first quarter of 2022.  Megatuuli will, subject to completion of the Share Transaction, be reported as part of Enersense’s Power segment.

 

Important notice

This release is not an offer for sale of securities in the United States. Securities may not be sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended. The Company does not intend to register any part of the share issue in the United States or to conduct a public offering of securities in the United States.

The distribution of this release may be restricted by law and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restrictions. The information contained herein is not for publication or distribution, in whole or in part, directly or indirectly, in or into United States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or any other jurisdiction where such publication or distribution would violate applicable laws or rules or would require additional documents to be completed or registered or require any measure to be undertaken in addition to the requirements under Finnish law. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This release is not directed to, and is not intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction.

This release does not constitute a prospectus as defined in the Prospectus Regulation and, as such, it does not constitute or form part of, and should not be construed as, an offer to sell, or a solicitation or invitation of any offer to buy, acquire or subscribe for, any securities or an inducement to enter into investment activity in relation to any securities. No part of this release, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. The information contained in this release has not been independently verified, does not purport to be full or complete and may be subject to change. No representation, warranty or undertaking, expressed or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained herein. The Company or any of its affiliates, advisors or representatives or any other person, shall have no liability whatsoever (in negligence or otherwise) for any loss however arising from any use of this release or its contents or otherwise arising in connection with this release. Each person must rely on their own examination and analysis of the Company, its securities and the transactions, including the merits and risks involved.

This release includes forward-looking statements that are based on present plans, estimates, projections and expectations and are not guarantees of future performance. They are based on certain expectations and assumptions, which, even though they seem to be reasonable at present, may turn out to be incorrect. Investors should not rely on these forward-looking statements. Numerous factors may cause the actual results of operations or financial condition of the Company to differ materially from those expressed or implied in the forward-looking statements. The Company or any of its affiliates, advisors or representatives or any other person undertakes no obligation to review or confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise after the date of this release. Further, there can be no certainty that the transaction will be completed in the manner and timeframe described in this release, or at all.

This announcement was originally posted on the website of Enersense – creator of zero emission energy solutions

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North Baffin hunters call for 10-year freeze on Baffinland mine expansion

JAN 12, 2022 – 4:31 PM EST Pond Inlet latest hamlet to express support for proposal to expand Mary River iron mine A ship apporaches the Mary River iron ore mine in this undated photo. On Monday, three opponents of the company’s Mary River mine expansion proposal issued a statement to the Nunavut

JAN 12, 2022 – 4:31 PM EST

Pond Inlet latest hamlet to express support for proposal to expand Mary River iron mine

A ship apporaches the Mary River iron ore mine in this undated photo. On Monday, three opponents of the company’s Mary River mine expansion proposal issued a statement to the Nunavut Impact Review Board calling for a 10-year moratorium on iron ore shipping increases. (Photo courtesy of Baffinland)

Three north Baffin hunters and trappers associations are calling for a ban on increased ore production at Baffinland Iron Mines Corp.’s Mary River mine.

The hunters and trappers associations for Hall Beach, Igloolik and Arctic Bay want the Nunavut Impact Review Board to stop the mine from increasing its ore production for 10 years. They also want the review board to recommend against allowing the mining company’s expansion proposal. NIRB is responsible for evaluating the social and economic impacts of developments projects, such as a mine expansion, and making a recommendation to the federal government about whether a proposal should be approved.

The Hall Beach and Igloolik HTAs also want the company to be barred from building and operating a port at Steensby Inlet. The company was granted a project certificate to do so in 2012.

The hunters and trappers associations spelled out these positions in closing statements sent to the review board on Monday.

As it stands, Baffinland is permitted to ship six million tonnes of iron ore a year from Milne Inlet. The company wants to double its shipments and to build a 110-km railroad between the mine and Milne Inlet and a dock at the port.

More than two years after the board’s public hearings on the proposed mine expansion began, hunter representatives continue to raise a range of concerns about the environmental impact of the mine’s operations.

Arctic Bay’s Ikajutit HTA chairperson Qaumajuq Oyukuluk said the impacts of the expansion could be “devastating.”

“We must be cautious and fully understand the impacts of the existing operation and steps needed to mitigate negative impacts before rushing forward and expanding this development,” Oyukuluk wrote in the association’s statement.

Clyde River Mayor Alan Cormack and Nangmautaq HTA chairperson Apiusie Apak, in a joint closing statement, did not specifically call for a moratorium.

But they said affected communities need time to determine if decreases to narwhal stock and other environmental problems are due to mining, before any increase in shipping is allowed.

Under the Nunavut Planning and Project Assessment Act, the review board has the ability to recommend a condition, such as a moratorium, to the federal northern affairs minister, who can then approve the new condition even if a project is already approved.

Karen Costello, executive director of the review board, said the last time she can recall the board receiving submissions for a moratorium was for Areva’s Kiggavik uranium mining project, which didn’t get approved.

Costello, who would not comment directly on Baffinland’s ongoing proposal, said the board has never issued a project certificate containing a moratorium.

The Qikiqtani Inuit Association does not support the expansion, either, and referred to the ongoing impacts brought up by HTAs.

The mine is slowly building its way up to a 30-million-tonne project and Inuit are still figuring out what the six-million-tonne project is doing to the environment, read the association’s closing statement.

“Inuit are only beginning to experience the scope of impacts of the initial project,” the statement reads, adding that there are increasing concerns that the plans Baffinland has in place to mitigate impacts are not working.

Some organizations and hamlets involved are starting to support the expansion, however.

Pond Inlet Mayor Joshua Arreak, in the hamlet’s final statement, listed a number of benefits the mine has brought or will bring to the community, including more than $16 million paid in wages to residents since 2015 and the commitment to a $10-million Inuit training centre if the expansion is approved.

The deadline for Baffinland’s final submission is Jan. 24. The board will then decide if it has enough information to make its recommendation and close the hearing.

It’s up to Northern Affairs Minister Dan Vandal to approve or reject the project after he receives the board’s recommendation.

The original article can be found on the Nunatsiaq News website

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Small Business Support Program Business Relief Funding

13 January 2022 Public Service Announcement Small Business Support Program Business Relief Funding The Small Business Support Program is offering additional funding for small businesses in Nunavut who continue to be adversely affected by the COVID-19 pandemic. Non-repayable funding of up to $5,000 is
13 January 2022

Public Service Announcement

Small Business Support Program Business Relief Funding

The Small Business Support Program is offering additional funding for small businesses in Nunavut who continue to be adversely affected by the COVID-19 pandemic.

Non-repayable funding of up to $5,000 is available to subsidise eligible business expenses including insurance or licensing fees, office rentals, utilities or non-refundable business expenses for goods that are unusable due to the pandemic.

All types of small businesses are encouraged to apply including artists, craftspeople, retailers, tourism operators, and harvesters. Businesses or entrepreneurs with less than $500,000 in gross sales or fewer than ten employees are eligible for funding.

Applicants must submit a completed application package that includes:

  • Small Business Support Program Relief Form
  • Small Business Support Program Application Form
  • A short explanation of how the business has been affected by the pandemic.

For more information and assistance with applying, visit www.gov.nu.ca/sbsp and contact your local Community Economic Development Officer or Regional Economic Development Manager.

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Media contact:

Sierra LeBlanc
Manager, Communications
Department of Economic Development and Transportation
867-975-7818
[email protected]

The original press release can be found on the Government of Nunavut website
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