THE ALASKA MINER JOURNAL: The publication is member-only news mailed to AMA members, eight times a year, in months when the Magazine is not published. The Alaska Miner Journal is dedicated to those who work in and support the mining industry in Alaska, its commitment to the people, and the resources of our state. Our goal is to disseminate information on responsible mineral development, educating the public about the value of mining, providing information for our membership and the general public, and providing policymakers the information they need to understand the mining industry and monitor political and regulatory processes affecting mining in Alaska.
VOLUME 54 / NUMBER 3
MARCH 2026
AN OFFICIAL PUBLICATION BY THE ALASKA MINERS ASSOCIATION
Welcome to Fairbanks! 2026 CONVENTION & TRADE SHOW DETAILS INSIDE
Sharing Our Success Stories
JUNEAU MINING FORUM: PAGES 14-20
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MARCH 2026 | WWW.ALASKAMINERS.ORG
A Message From The Executive Director
Dear AMA members, friends and mining family: Welcome to the 2026 Alaska Miners Association Biennial Convention & Trade Show in Fairbanks! Meeting in Fairbanks every other year in the spring is always a highlight on our calendars here at AMA. It's an opportunity to gather and see familiar faces, share our successes and big victories, and continue in building momentum as we work together to advocate for everything that is Alaska mining. The Convention Committee has put in countless hours to again make this a fantastic gathering ... and I know you are going to love it. There is something for everyone, no matter if you call Fairbanks home or if you are coming up for this great event! We will again have a mine tour — this time the Manh Choh Mine — as well as short courses and technical sessions, breakfast and luncheon
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speakers, and, of course, our awards banquet. I would also like to give a special thank you to our sponsors and trade show vendors for your support of this event and the Alaska mining industry. We truly could not have this convention in Fairbanks without you! You can find more information about the Convention beginning on Page 4, and be sure to visit our website at www.alaskaminers.org, which will be updat- ed with everything you need to know right
PROTECTING YOUR REPUTATION AND YOUR BOTTOM LINE.
This is the official journal of the Alaska Miners Association, published eight times a year exclusively to our members. It is published in partnership with the Alaska Miners Association by Fireweed Strategies LLC, 4849 Potter Crest Circle, Anchorage, AK 99516.
We actively seek contributions from our members and the mining industry. Please email
A thousand factors impact your bottom line every day. Some in your control, some well beyond it. One thing you have the power to choose is who you work with, Our job is to keep you moving forward. Our machines are engineered with a "get it done" mentality and our After Sales Solutions are designed to keep you up and The tougher your job gets, the easier it is to see we're here when Kirk Currey Korey Day Anchorage Branch Anchorage Branch Sales Rep. Sales Rep. you need us most.
stories and photos to Lee Leschper at Lee.Leschper@FireweedStrategies.com.
ADVERTISING RATES AND NEWS TIPS For advertising information, or to submit news, story ideas and photos, contact Lee Leschper at 907-957-6025 or Lee.Leschper@FireweedStrategies.com. ALASKA MINERS ASSOCIATION STAFF Deantha Skibinski, Executive Director Jennifer Luiten, Membership & Fundraising Director Carin Currier, Projects & Communications Manager Darlene Strickland, Bookkeeper/Membership
up until the event. You also can scan the QR code above to go right to the Convention information pages. We will also be sharing updates across our social media channels. If you don't follow us, now is the perfect time to join us! As we all look ahead to Fairbanks, it's also a great opportunity to look back at the past few months, which have certainly been busy here in Alaska and elsewhere! AMA recently held its fourth annual Juneau Mining Forum, and we had an amazing time with all of the attendees, speakers and sponsors who help make this a premier event each February. You can find photos on Pages 14-20 detailing what is always a great day for Alaska mining. Thank you again to everyone who shared their own personal stories about what makes our industry unique, vital and downright enjoyable to be a part of. While in Juneau AMA leadership and staff had the chance to present an annual mining update to the House and Senate Resources Committee. It's always a pleasure to meet with our elected officials and share, on your behalf, the true value that is the mining industry in Alaska. Your stories resonated with legislators ... and they always will! I wish all of you safe travels to the Convention and I’m looking forward to seeing you in Fairbanks!
EXECUTIVE BOARD Dave Larimer, President
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MARCH 2026 | WWW.ALASKAMINERS.ORG
Heavy Equipment Vendors Alaska Mining & Diving ARG Industrial Construction Machinery Industrial, LLC DXP Alaska Pump & Supply Equipment Source, Inc. Industrial Pumps of Alaska, Inc. Techline Alaska Vendors Alaska Aggregate Products, LLC Alaska Business Alaska Energy Metals Corporation Alaska Industrial Hardware Alaska Minerals, Inc. Alaska Petroleum Alaska Resource Education Alaska Roteq Alloy Drilling ALS USA Environmental ALS USA Inc. ASRC Energy Services Backcountry EMS Becker Mining Systems Beckwith & Kuffel, Inc. / Atlas Equipment Benthic GeoScience Inc BLM Minerals Boreal Environmental Services Bureau Veritas Minerals Click Bishop for Governor Delta P Pump a Beckwith & Kuffel Company Elemetal Direct GOLD SPONSORS Construction Machinery Industrial, LLC Contango Ore, Inc. Elemetal Direct Gold Buyers of Alaska: GBA Assaying & Refining Hecla Greens Creek Mining Company Kinross Alaska Northern Star Resources Oxford Assaying & Refining Corp. Usibelli Coal Mine, Inc. SILVER SPONSORS Felix Gold Hy-Tech Drilling USA Inc. Ruen Drilling Inc.
Fairweather LLC Ferguson Industrial LLC Fireweed Strategies LLC Frontier Supply JCM Industries, Inc. Kinross Alaska Logic Geophysics & Analytics LLC Lynden Magotteaux, Inc Minn Alaska Transport Motion Industries NMS Northern Sonic Drilling and Consulting Northern Star Resources Oxford Assaying & Refining Corp Pebble Limited Partnership Philadelphia Gear - Timken Sample Archive System, Inc. Samson Tug & Barge Co., Inc. Schaeffer Oil SGS North America Inc. SKAPS Industries SLR International Corporation SMS Equipment Solmax Sophie Station Suites State Fire State of Alaska Division of Piton Exploration, LLC Republic Services Inc. Ruen Drilling Inc Geological & Geophysical Surveys State of Alaska Department of Natural Resources, Division of Mining, Land & Water TDM Drilling LLC COAL SPONSORS Alaska Aggregate Products, LLC Alaska Business ASRC Energy Services Becker Mining Systems ConocoPhillips Industrial Pumps of Alaska, Inc. Shannon & Wilson, Inc. SLR International Corporation Taiga Mining Company Inc. The Alliance Thyssen Mining Inc. COPPER SPONSORS Denali Industrial Supply Inc. Doyon, Limited Lynden Matson NMS North of 60 Mining News Shoreside Petroleum Stantec Consulting Inc.
GRAVEL SPONSORS Black Gold Transport Samson Tug & Barge Co., Inc. Zinnolithic LLC Zonge International Inc. SPECIALTY SPONSORS Convention Bags: Oxford Assaying & Refining Corp.
SAVE THE DATE AMA Fairbanks Convention & Trade Show April 6-10, 2026 Carlson Center, Fairbanks, AK
Core Shack Happy Hour: Valhalla Metals AK Inc. Rental Car Sponsor: Alaska Auto Rental
THANK YOU TO ALL OF OUR SPONSORS AND TRADE SHOW VENDORS. YOUR SUPPORT HELPS MAKE THE FAIRBANKS CONVENTION & TRADE SHOW POSSIBLE!
Special discounts for travel and lodging!
AMA's 2026 Fairbanks Conference and Trade Show will be at the Carlson Center in Fairbanks. The Convention begins Monday, April 6 and will conclude Thursday, April 9. The Fairbanks Convention plan- ning committee has been hard at work and will release a pre- liminary schedule and more details about our Convention soon. Please start planning your involvement now! HOTEL Thank you to our member company for the room blocks at Sophie Station Suites and the Wedgewood Resort. Both loca- tions are offering a special group rate that starts at $149 per night. This rate is available from April 5-10, 2026. Reservations must be made by calling the Reservations Department directly at 907-456-3642 or 800-528-4916.
The Wedgewood Resort 212 Wedgewood Drive Fairbanks, AK 99701 AIRFARE
We are rapidly selling these booths and the show will fill up. Book your trade show booth today! SPONSOR OUR CONVENTION! We have many sponsorship opportunities to fit your needs and budget. Sponsorship forms can be online at www.alaskaminers.org. Your sponsorship supports AMA’s mission year-round. If you are looking for unique sponsorship opportunities, please contact Jennifer Luiten. SUBMIT A TALK PROPOSAL/ SUGGESTION Are you interested in submit- ting an idea or proposal for a Technical Session presenta- tion? Please email inquiries to david.g.larimer@gmail.com and deantha@alaskaminers.org Please continue to check the AMA website, it is continuously being updated with information: www.alaskaminers.org
Thermo-Tech, Inc. TOTE Maritime Alaska Inc. UAF Alaska Critical Minerals Collaborative UAF Institute of Northern Engineering UAF SME Chapter Udelhoven Oilfield System Services, Inc.
Alaska Airlines has gracious- ly offered a 10% discount off any published fares between Fairbanks and any Alaska Airlines U.S. or Canadian city. Valid travel
dates are: April 4-18, 2026. Discount Code: ECMO906 How to book: Go to
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www.alaskaair.com, enter your origin/destination city and travel dates, enter Discount Code ECMO906, and click on "Search Flights". All eligible flights will display for you to choose from. BOOK YOUR TRADE SHOW BOOTH! The Trade Show runs Wednesday and Thursday and is the best way to reach Alaska’s mining industry to showcase your products and services. Keynote Luncheons and other networking events are held in the Trade Show to ensure maximum exposure.
Table Top Vendors Alaska Dreams, Inc.
Alaska Earth Sciences Alaska Mill and Feed Alaska Seaplanes Baroid Industrial Drilling Products Big Ray's
Boart Longyear Brice Equipment Integrity Environmental
JL Hospitality Management North of 60 Mining News Philippi-Hagenbuch, Inc. Placer Mining Resource Network (PMRN) Primero USA, Inc. Priority One Safety Training
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Built to last : alaska mining for the long haul 2026 AMA FAIRBANKS CONFERENCE & TRADE SHOW
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MONDAY April 6
MANH CHOH TOUR
(BEGINS AT 6 A.M.)
SHORT COURSES
TUESDAY April 7
BOARD MEETING
YOUNG PROFESSIONALS EVENING
VENDOR SET UP
OPENING RECEPTION
FRIENDS OF UAF BREAKFAST
TECHNICAL SESSION
TECHNICAL SESSION
SUPPLIERS RECEPTION
TECHNICAL SESSION
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KEYNOTE LUNCHEON
HISTORY NIGHT
BREAK
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WEDNESDAY April 8
TRADE SHOW
MINING DISTRICT BREAKFAST
TECHNICAL SESSION
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KEYNOTE LUNCHEON
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THURSDAY April 9
TRADE SHOW
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CARLSON CENTER EXHIBIT HALL
CARLSON CENTER BUSWELL PIONEER
AMHFF MUSEUM 406 CUSHMAN ST
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THE JOURNAL - AN OFFICIAL PUBLICATION BY THE ALASKA MINERS ASSOCIATION
MARCH 2026 | WWW.ALASKAMINERS.ORG
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B ack by popular demand! Join us underground to get a unique and firsthand look at one of Alaska’s premier mines during our Manh Choh mine tour on Monday, April 6. Attendees must be at least 18 years of age to register. Attendees will need closed-toe boots, long pants and warm gear! 7 a.m.: Depart Fairbanks/Stop in Delta Join us for our Manh Choh Mine tour
11 a.m.: Arrive/briefing and lunch at the Manh Choh campus in Tok
Noon to 1 p.m.: Drive to the Manh Choh site
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THE JOURNAL - AN OFFICIAL PUBLICATION BY THE ALASKA MINERS ASSOCIATION
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Short courses in Fairbanks
on recognizing whether there may be title issues on your claims. You’ll also learn the distinctions between traditional, tide and submerged (river bottom claims), and MTRSC locations. We’ll show you how to quickly find legal descriptions for any point on Alaska Mapper, and cover tips and tricks for using Alaska Mapper to produce recordable mining sketch/maps for location notices / certificates. We’ll also talk about claim mainte- nance; rent, labor, and the dreaded abandonment. We’ll demonstrate how to find, and understand an ADL record in the Land Administration System (LAS) Presenter: Aaron Nickols, DNR, Geologist
n The process of developing an array of scenario-specific response plans, addressing those events most likely to befall a particular operation; n A review of NIMS/ICS principles, illustrating the importance of effec- tive communication and coordina- tion with governmental regulators; n The advantages of building strong personnel mechanisms to facilitate the rapid formation and activation of Incident Management Teams within one’s company; n The utility of developing an operations-specific, Incident Action Plan (IAP) template and having it at-the-ready, facilitating a prompt and organized response as one transitions to ongoing, crisis-man- agement activities. Presenter: Daniel Hoffman
SHORT COURSE NO. 3: The Process (and importance) of Emergency Planning for Remote Site Operations, 1-5 p.m. When conducting work in remote locations, whether at an established camp, drill-rig site, or conducting air-supported survey and exploration work, public safety resources and assistance may be hours (or even days) away. When planning one’s operations, it is critical that managers prepare for potential emergencies, developing the sound procedures and processes necessary to deal with the sudden evolution of rapid- ly-evolving, serious circumstances. Through this course, participants shall be exposed to the foundational concepts that underlie compre- hensive emergency planning, with particular emphasis placed upon the following:
O ne of the greatest benefits of every AMA convention is the opportunity for incredibly valuable continuing education and refreshers through the short cours- es we provide. Please make plans to attend courses scheduled Tuesday, April 7. The courses are open to the public and will provide valuable informa- tion to anyone involved with or interested in the minerals industry. Registration required. SHORT COURSE NO. 1: Introduction to Geology and Alaska Ore Deposits, 8 a.m. to 4 p.m.
concept of the processes that have endowed Alaska with exceptional metal deposits! Presenter: Marisa Acosta, UAF SHORT COURSE NO. 2: State Mining Locations 101, 8 a.m. to Noon This half-day short course will provide an overview of knowing and understanding the basics of State mining statute and regulations. Learn what is required to initiate a valid mineral location, including claim sketch/maps. Key concepts will include: A brief introduction to recognizing State mineral estate, and a discussion
development? Are you tired of hearing those geologists talk about how “nice that gneiss is”? Or saying things like “may the quartz be with you” or “it’s a hard rock life” and other bad geology puns? Well this short course is for YOU! This introductory course will teach the very basics of geology - what a mineral is, the basic types of rocks, and provide a general explanation on some of Alaska's most promi- nent ore bodies. The course is intended for people without a technical or scientific background (no math!) and will consist of an introduction to the basic principals of geology (including some common vocab words) and provide participants with a broad
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THE JOURNAL - AN OFFICIAL PUBLICATION BY THE ALASKA MINERS ASSOCIATION
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Alaska Mining Hall of Fame Foundation to induct Heflinger, Sims at History Night
of geological engineering at the University of Alaska-Fair- banks (UAF). In 1981, John went from UAF to being the Director of the newly created Office of Mineral Development (OMD) within the Department of Commerce and Economic Development (DCED). It was there where John was able to obtain crucial funding that led to a joint annual publication between ADNR and DCED that summarizes Alaska’s Mineral Industry, which continues to this day. John also began to work with Usibelli Coal Mine, Inc. (UCM) on their plans to export coal to the Pacific Rim, which was initiated in 1985. In 1986, John joined UCM in Fairbanks and helped with many others to sustain the coal export market devel- oped between UCM and the Korean Electric Power Company (KEPCO) in South Korea; later UCM coal was shipped to other Pacific Rim destinations although the KEPCO contract remained the most important market. The export of Usibelli’s coal to the Pacific Rim, which lasted for more than three decades, constituted the first significant exports of Alaska’s mineral resources (exclud- ing petroleum) to international market destinations. John loved golf and after retirement, played all over the world. Unfortunately, following a lengthy illness associ- ated with diabetes, he passed away on April 1, 2015, in Tucson, AZ, at the age of 82.
Besides the mining business, Carl was a founding partner of GHEMM Company in 1950, and owned and operated a car repair shop, a grocery store and apartments. In 2004, Carl moved to the Fairbanks Pioneer Home, where he was able to spend quality time with his beloved wife, Dorothy. John Frank Michael Sims (1933-2015)
T he Alaska Mining Hall of Fame will induct two new members — Carl Heflinger and John Frank Sims — during History Night starting at 7 p.m. April 8 at its museum on 406 Cushman Street in downtown Fair- banks. There is no charge for the event and the public is invited to attend. Here is more information on the pair: Carl Heflinger (1912-2014) Iconic Alaska placer gold miner Carl Heflinger was born May 17, 1912 in the coal mining town of Taylor, Wash., and passed away on Dec. 14, 2014, in Fairbanks at the age of 102. He arrived in Alaska in 1932 during the Great Depression, first selling cordwood in Anchorage, and later hired as a placer gold miner in Fairbanks in 1934. Carl spent WWII working with the U.S. Army Air Corps at Ladd Field, servicing such iconic aircraft as the P-39 Air Cobra, which was an integral part of the USA/USSR Lend Lease Program. Carl mined placer gold in the 40 Mile district near Boundary, on Monte Cristo Creek near Fairbanks (now the site of the Fort Knox mine), but mostly in the
John Frank Michael (F. M.) Sims was born and raised in England, where he obtained his Bachelor of Science (with honors) degree in economic geology from Durham University. That same year, he began a
21-year career with Anglo Amer- ican Corporation, with whom he worked on three continents. His specialty was the exploration of lode gold-quartz sulfide depos- its of the South African type. He obtained a Phd from the University of the Witwatersrand in Johannesburg, South Africa in 1969. John moved to Fairbanks with his wife and three chil- dren in 1977, where he accepted a position of professor
Livengood district northwest of Fairbanks, where he spent most of his 65-year mining career. Carl and his family continued to mine placer gold in the Livengood Mining district until 1999.
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2-2026_Print_AMA Mining Flyer - Print.pdf 1 2/6/2026 7:20:59 AM
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A MA would like to say a big thank you again to our amazing speak- ers, moderators and attendees for making our fourth annual Juneau Mining Forum so successful! Attendees were treated to excellent panel discussions on a variety of important topics. Among the highlights were updates from our operating mines, state, local and federals officials speak- ing on the importance of our mining industry at all levels, and young miners who went through the Mining and Petro- leum Training Service (MAPTS) and are now making their own valuable impact. Thank you to everyone who also attend- ed the Legislative reception hosted by the Alaska Miners Association, Alaska Trucking Association and Associated General Contractors of Alaska. The Juneau Mining Forum has become one of the marquee events of the year as we help share our Alaska mining success stories. See more photos on Pages 16-20.
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Your Alaska Connection When it comes to shipping to Alaska, Lynden has you covered. With our full array of transportation and logistics services spanning the entire state, you can choose the mode that best ts your schedule and budget – air, land, sea, or multi-modal. With Lynden, you only pay for the speed you need!
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MARCH 2026 | WWW.ALASKAMINERS.ORG
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AMA leadership in Juneau to help share Alaska mining industry's annual update
A MA staff and lead- ership have been busy in recent weeks advocating on behalf of the mining industry! AMA Executive Director Deantha Skibinski was joined in February by AMA President Dave Larimer of Contango Ore, and Mike Satre of Hecla Greens Creek, in presenting an annual mining update to the House and Senate Resources Committee. These annual updates play a critical role in keeping leg- islators informed about the economic impact, operation- al progress and policy needs of Alaska’s mining industry.
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Paulson & Co. increases its stake in Tower Hill's Livengood Project
over 21 years, an average of about 304,750 ounces annually. The PFS elevated 430 million metric tons of the Livengood resources averaging 0.65 g/t (9 million ounces of gold) to proven and probable reserves. At a $2,500-per-ounce gold price and cost inputs under the 2021 study, the mine would generate an after-tax net present value (5% discount) of $2.35 billion, an after-tax internal rate of return of 18.5%, and a capital payback period of almost four years. With $5,000-per-ounce gold figures of today, the total value of gold in Livengood’s reserves rests at about $45 billion. The increased value has all signs pointing to the building and oper- ation of the mine. Beyond gold, Livengood con- tains meaningful antimony within its stibnite veins — a metalloid designated as critical to U.S. economic and national security interests. Recent metallurgical work sug- gests flotation circuits could potentially recover antimony alongside gold, though significant additional testing is required to determine recoverability rates, concentrate characteristics, viable flowsheets and resource estimates for antimony While the economic contribution of antimony would be second- ary to gold, its strategic value could improve project positioning amid growing federal interest in domestic critical mineral supply chains. Paulson’s increasing ownership in Tower Hill aligns with its broader Alaska gold strategy. The hedge fund already holds a substantial stake in the Donlin Gold project, one of North America’s largest undeveloped gold deposits. The Donlin project — majority owned by NOVAGOLD Resources — is located in southwest Alas- ka’s Kuskokwim gold belt and is
expected to become one of the largest gold producers in the Amer- icas once constructed. Current projections anticipate construction beginning in 2027, with commercial production targeted for 2031 and a projected 27-year mine life. By strengthening its position in Livengood while maintaining major exposure to Donlin, Paulson is building a concentrated portfolio of long-life Alaska gold assets that are highly leveraged to gold price upside.
For Alaska’s mining industry, the financing is notable for several reasons: n Capital is returning to large- scale projects previously sidelined by gold price volatility. n High metal prices are re-rat- ing long-life assets that struggled under conservative price decks. n Critical mineral co-products like antimony add strategic value beyond traditional gold economics.
COURTESY OF INTERNATIONAL TOWER HILL MINES
A s gold prices hover near historic highs, financing is once again flowing into Alaska’s development-stage gold sector. International Tower Hill Mines recently announced that it secured more than $100 mil- lion in new capital to advance its flagship Livengood gold project north of Fairbanks — with hedge fund Paulson & Co. significantly increasing its stake. The Vancouver-based compa- ny raised $118 million including $74.8 million in its offering of common shares in the United
States while Paulson completed a $40 million private placement at the same price. The hedge fund then injected another $3.3 million to increase its stake to 35%. The financing underscores renewed investor confidence in large-scale, price-leveraged gold assets — and reinforces Alaska’s position as a jurisdiction capable of hosting world-class, long-life mines. The proceeds will fund feasibil- ity-level engineering, addition- al drilling, metallurgical testing, environmental baseline work and
permitting activities for the Liven- good project, located about 70 miles north of Fairbanks along the Elliott Highway. Livengood’s Money Knob depos- it hosts more than 700 million metric tons of measured and indicated resources averaging 0.6 grams per metric ton (13.6 million ounces of gold). A prefeasibility study complet- ed in 2021 has detailed plans for a 65,000-metric-ton-per-day mining operation at the Livengood mine project that would produce about 6.4 million ounces of gold
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THE JOURNAL - AN OFFICIAL PUBLICATION BY THE ALASKA MINERS ASSOCIATION
MARCH 2026 | WWW.ALASKAMINERS.ORG
Vizsla Copper Corp. adds to its momentum on Palmer Project in Southeast COURTESY OF VIZSLA COPPER CORP.
through this new relationship, which stands to strengthen Alas- ka’s role in meeting national criti- cal mineral objectives while bring- ing lasting economic benefits to Southeast communities,” Dunleavy said. Vizsla Copper commenced a major winter drilling campaign at the Thira discovery within its Poplar Project in central British Colum- bia. The program consists of up to 8,000 meters of core drilling across approximately 16 holes, with two diamond drill rigs now mobilized on site, Vizsla said in a news release. While the Palmer VMS project remains Vizsla’s primary flagship, these drilling efforts reflect a broader strategy that strengthens its technical depth, capital access and long-term development capacity within Alaska’s mining sector.
communities, and look forward to engaging positively with people and groups in the region.” Parry said Vizsla Copper is plan- ning a large summer drill program at Palmer that will focus on multi- ple sites, including those drilled in 2023 that show impressive critical mineral potential. The Palmer project boasts 12 million metric tons of inferred resource, including 151.5 million pounds of copper, 1.04 billion pounds of zinc, 124.2 million pounds of lead, 25.6 million ounces of silver, 128,100 ounces of gold, and 3.05 million metric tons of barite. Copper, silver, lead, zinc and barite have all been dubbed “critical min- erals” by the U.S. Geological Survey and federal officials. In late February, Vizsla Copper secured a seven-year extension of
its upland mining lease at Palmer Project. The extension, granted by the Alaska Mental Health Trust Land Office, keeps the lease in good standing through August 2033. “Securing this lease extension provides long-term certain- ty for continued exploration at Palmer. The project sits within a state-designated multi-use forest that was specifically created to balance environmental protection with responsible resource devel- opment. We believe the Palmer Project can advance in a way that reflects that original vision,” Parry said. In late January, Vizsla Copper’s efforts. received a show of support from Gov. Mike Dunleavy. “You have my full support in con- tinuing the exploration and devel- opment of the Palmer Project
T he Palmer critical and pre- cious metals project in Southeast Alaska has found new momentum during the fall and winter. Vizsla Copper Corp. announced in December its acquisition of the project from American Pacif- ic Mining Corp. American Pacific became involved in the Palmer project through the buyout of Constantine Metal Resources Ltd. in 2022. As a result of the acquisi- tion, the company gained a rough- ly 45% joint venture interest in Palmer, with Dowa Metals & Mining Alaska Ltd. owning the remain- ing interest in the high-grade
volcanogenic massive sulfide (VMS) zinc-copper-silver-gold- barite mine project. Last November, Dowa handed over full ownership of Palmer to Amer- ican Pacific and paid the junior exploration company $10 million for an option to acquire up to 50% of the zinc concentrate produced from a future mine at the South- east Alaska project. Without a major backer with the financial and technical where- withal to advance Palmer through permitting and into development, American Pacific put the project up for sale.
With the completion of the con- current financing for gross pro- ceeds of about $44 million, Vizsla Copper says it is well-positioned to rapidly advance Palmer. “Palmer is a rare high-grade copper asset in a strategic loca- tion, with strong expansion and exploration potential, backed by existing resources,” said Vizsla Copper Chairman and CEO Craig Parry. “We reiterate that Palmer is the right asset at the right time, given North America’s hunger for critical minerals. We welcome the opportunity to work constructively in collaboration and consultation with traditional landowners and
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THE JOURNAL - AN OFFICIAL PUBLICATION BY THE ALASKA MINERS ASSOCIATION
MARCH 2026 | WWW.ALASKAMINERS.ORG
White House eyes Ambler Road funding BY SHANE LASLEY
F rom equity stakes in mining com- panies such as MP Materials and Trilogy Metals to the proposed $12 billion Project Vault critical miner- als reserve, the Trump Administration is increasingly turning to investment strategies aimed at strengthening domestic supply chains while gener- ating potential returns for taxpayers. U.S. Secretary of the Interior Doug Burgum indicated the administration is considering federal investment in the Ambler Road as a critical minerals infrastructure project that could also prove profitable for the nation and its taxpayers. "The U.S. is actively considering wheth- er to participate in financing or maybe even be one of the equity partners in that road itself," Burgum said.
Pointing to the success and profitabil- ity of the toll road and port that has been delivering zinc, lead, silver, and germanium from the Red Dog mine in Northwest Alaska, Burgum said the potential to build a similar, albeit longer, road that would connect the critical mineral-rich Ambler Mining District to American supply chains makes federal financing attractive. Currently, the plan is for Alaska Indus- trial Development and Export Author- ity to finance the proposed 211-mile road to the Ambler Mining District. White House backing of the Ambler Road could come through low-inter- est loans or even equity participation aimed at feeding critical minerals into American supply chains while offering the federal government a return on investment.
The more traditional path to federal participation would be a loan through the Export‑Import Bank of the United States (EXIM), a federal credit agency that has been at the frontlines of financing domestic projects to lessen America's heavy dependence on imports from China and others for minerals critical to energy, manufac- turing, and defense. EXIM has both the capacity and man- date to support a project of Ambler Road's scale. The proposed Graphite Creek mine in western Alaska is one example. Late last year, EXIM invited Graphite One Inc. to apply for $2.1 billion in loans to develop a domestic graph- ite mine-to-battery materials supply chain that would include a mine at Graphite Creek and a battery anode materials plant in Ohio.
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THE JOURNAL - AN OFFICIAL PUBLICATION BY THE ALASKA MINERS ASSOCIATION
MARCH 2026 | WWW.ALASKAMINERS.ORG
AMA Corporate Members
Cyr Drilling USA Inc. Dawson City Chamber of Commerce Delta P Pump a Beckwith & Kuffel Company Denali Industrial Supply Desert Air Alaska DGI Geoscience Dorado Drilling Ltd. & Dorado Drilling USA, Inc. Dorsey & Whitney LLP DOWL DXP Alaska Pump & Supply Eastern Oregon Mining Association Energy Laboratories Inc. Ensero Solutions Equity Exploration Consultants Ltd. ESI Alaska ESS Support Services Worldwide Everts Air Cargo Fairbanks Economic Development Corporation Fairweather LLC Far North Supply Ferguson Industrial First Things First Alaska Foundation Frontier Supply Company GBA Assaying & Refining Global External GMS Mine Repair Grainger Grande Portage Resources Ltd. Graymont Great Basin Industrial, LLC Great Northwest Inc. Greater Fairbanks Chamber of Commerce Greenstone Station Inc HDR Horst Expediting & Remote Hy-Tech Drilling USA Inc. Idaho Mining Association IMDEX Industrial Pumps of Alaska Inlet Energy Institute of Northern Engineering Integrity Environmental ISCO Pipe JCM Industries Juneau Economic Development Council Operations Inc. Hyak Mining Co.
Just Refiners USA, Inc. Kiewit Mining Group Klondike Placer Miners' Association Knight Piesold & Company Kuna Engineering Lignite Energy Council Madison Lumber & Hardware Inc. Mascott Equipment Matanuska Susitna Borough Matanuska Telecom Association Matson MDF Global / Felix Gold MES Mining Mitsubishi Materials USA Corp Modern Machinery Co. Montana Mining Association More Core Diamond Drilling Services Ltd. Motion & Flow Control Products Motion Industries MSI Communications National Mining Association NC Machinery
Roughstock Mining Services LLC Royal Gold Inc. SALA Medical Samson Tug & Barge Sandvik Sealaska Corporation/Alaska Coastal Aggregates LLC SECON/Southeast Roadbuilders Shoreside Petroleum Inc. SKAPS Industries SLR International Corporation SMS Equipment Inc. Society For Mining, Metallurgy & Exploration Soloy Helicopters LLC Solvest, Inc. Sophie Station Suites - Fountainhead Hotels Sourdough Express Southeast Conference SRK Consulting Stantec Consulting Inc. State Fire Stoel Rives LLP Storm Exploration LLC
Please support and thank these companies who have renewed their support and corporate membership in AMA. Their continued support makes possible all the work we do in and for the mining industry.
PIONEER/HIGH GRADE Construction Machinery Industrial LLC Hecla Greens Creek Mining Company PRODUCERS Coeur Alaska - Kensington Mine Contango Ore, Inc. Kinross Alaska NANA Regional Corp Northern Star Resources - Pogo Mine Ruen Drilling Inc. Teck Alaska Inc. - Red Dog Usibelli Coal Mine Inc. MINERS AIDEA (Alaska Industrial Development and Export Authority) Calista Corporation Constantine Mining LLC Donlin Gold LLC Lynden NovaGold Resources Inc. Oxford Assaying & Refining Corp. Pebble Limited Partnership RESPEC Sundance Mining Group, LLC
Orica USA Inc. PolarX Limited
American Exploration & Mining Association Anchorage Chamber of Commerce Anchorage Sand & Gravel Inc. Arcticom LLC, a BSNC Company ARG Industrial Arizona Mining Association ASRC Energy Services Associated General Contractors of Alaska Association for Mineral Exploration British Columbia Aurora Geosciences (Alaska) Ltd. Automatic Welding & Supply AVTEC - Alaska Vocational Technical Center Backcountry EMS Barr Engineering Co. BDO USA Belzona Technology Northwest
Silver 47 South32
Tectonic Metals Inc. Trilogy Metals, Inc. U.S. GoldMining Inc United States Antimony Corporation BUSINESS MEMBERS 3-Tier Alaska A & D Drilling LLC Acrow Corporation of America (Acrow Bridge) ACZ Laboratories, Inc. Advanced Supply Chain International LLC Agnico Eagle Airgas USA, LLC Alaska Aggregate Products LLC Alaska Air Carriers Association Alaska Airlines Alaska Auto Rental Alaska Business Alaska Carquest LLC Alaska Chamber Alaska Drilling and Completions Alaska Forest Association Alaska Garden & Pet Supply, Inc. Alaska Industrial Hardware Inc Alaska International Business Center Alaska Minerals Inc. Alaska Mining & Diving Supply, Inc. Alaska Modular Systems Alaska Motorsports and Equipment Alaska Oil and Gas Association Alaska Policy Forum Alaska Power & Telephone Alaska Resource Education Alaska Rock Products Association Alaska Roteq Alaska Steel Co. Alaska Trucking Association
NES Fircroft/ Bedrock PCL Nevada Mining Association
Sullivan Water Wells T & J Enterprises Inc. TDL Staffing Inc. TDM Drilling LLC Temsco Helicopters Inc. The Alliance
New Mexico Mining Association NewFields Mining Design and Technical Services North Star Terminal & Stevedore Co. LLC Northern Industrial Training, LLC (Anchorage) Northern Permafrost Consulting Northern Sonic Alaska, Inc. Northrim Bank, NA Northwest Mine Supply Northwest Pump Northwest Territories & Nunavut Chamber of Mines P & C Recruiting and H.R. Perkins Coie LLP Petro Marine Services Pilot & Index Mining Solutions Piton Exploration LLC Prospectors & Developers Association of Canada Ram-Enterprise Redpath USA Corporation Remote Made Easy (PSSA) Remote Site Services Inc. Republic Services Resource Development Council
Benthic GeoScience, Inc Better In Our Back Yard
Big Ray's Alaska Inc. Black Gold Transport Boart Longyear Bobcat of Juneau Boreal Environmental Services Brenntag Pacific, Inc. Brice Equipment CalCIMA CarWil LLC Chamber of Mines of Eastern British Columbia Charles Tennant and Company Coastal Helicopters Colorado Mining Association Commonwealth North CONAM Construction Company Conn-Weld Industries, LLC Consumer Energy Alliance ControlChem West Craig Taylor Equipment Company Crowley Fuels LLC Cruise Lines International Alaska Cummins Sales & Service Cyclone Services
The Silver Institute Thyssen Mining Inc. TOTE LLC Tyler Rental Inc. Tyree Oil Ucore Rare Metals Inc. Udelhoven Oilfield System Services University Redi-Mix Utah Mining Association Valdez Creek Mining
Taiga Mining Company Tower Hill Mines Inc.
EXPLORERS Alaska Energy Metals Alaska Frontier Constructors Inc. Alaska Railroad Corporation Alaska Silver Ambler Metals LLC Chugach Alaska Corporation ConocoPhillips Alaska Inc. Doyon, Ltd Falcon Copper Corp. Freegold Ventures Limited GCI Business Graphite One Inc. Lifewater Engineering Company NMS Nova Minerals Limited Nuna Geologic Services LLC
VEGA Americas Visit Anchorage Weir Minerals
Wells Fargo Bank Alaska Women's Mining Coalition Woodland Ridge Tiny Home Crafters WSP USA Inc. Wyoming Mining Association
Aleut Corporation Alloy Drilling LLC ALS Minerals
Yukon Chamber of Mines Zonge International Inc.
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