Western Alaska Minerals is a paying customer of ResourceTalks.com. They pay $5,000 per quarter to have this profile made and kept on this website. This profile is strictly informational and does not intend to influence anybody’s investment decision. Do your own research and do not rely on empty talking heads on the internet.
None of what you are about to read and/or hear is intended as financial advice nor trading recommendations. The nature of this interview is purely informational. This conversation is general and impersonal in nature. Read the full disclaimer (https://resourcetalks.com/disclosure/) before continuing.
On March 11, Kit Marrs, Joe Piekenbrock and I sat down for a broad overview of Western Alaska Minerals.
In 2021, Western Alaska Copper & Gold, a private Alaska-registered corporation, entered into a business combination agreement with a British Columbia numbered company to complete a Reverse Takeover (“RTO”) by way of a plan of merger. In connection with the RTO, the company completed a concurrent C$5.2M financing and applied to the TSXV to list the common shares of the resulting issuer as a Tier 1 Mining Issuer.
The Company commenced trading on the TSX-Venture Exchange under the symbol “WAM” on November 15, 2021.
The Illinois Creek District contains multiple deposits, originally discovered by Anaconda Minerals in the 1980s, and was consolidated by Western Alaska’s management team over the past 10 years. The portfolio of five high-grade mineral deposits contains gold, silver, copper, lead, and zinc at varying stages of exploration and deposit styles, including a silver-rich Carbonate Replacement Deposit (CRD) and a NI 43-101 oxide gold resource at the Illinois Creek deposit.
Location:
The 100% owned, 49,000+ acre Illinois Creek District, is located on Alaska State land, 270 miles/432 km west of Fairbanks proximal to the Yukon River with barge service from the Alaska Railroad and Alaska Highway at Nenana. The closest villages are Kaltag (56 km NW), Nulato and Galena (104 km NE), a major regional hub with daily air service from Fairbanks.
Infrastructure:
Being a past-producer, Illinois Creek District contains significant infrastructure including a 4,400 ft airstrip, camp, fuel storage and core logging facility.
Timestamps:
00:00 Important note
02:25 Company background
04:45 What took them so long to get listed?
08:15 Cash & debt
10:15 Options overhang
12:30 Annual cash burn rate
16:45 How did insiders get their shares?
21:10 Alaska as a mining jurisdiction
24:50 Alaska’s social tensions
28:25 Alaska’s taxes
29:45 Alaska’s permitting process
33:20 Alaska’s weather for mining
36:40 Alaska’s main challenges
40:30 Alaska’s proximity to Russia a problem?
43:20 The 5 projects, and their future
53:30 The management team
55:00 Why haven’t the projects been mined already?
58:20 How much money has went into the ground of those projects?
01:04:00 Strip ratio
01:10:00 The end goal for this company
01:13:45 How long before this is done?
01:15:00 The next 3 steps for the company
01:18:20 Staffing the drills, how is that going to happen?
01:20:00 How much news will there be?
01:27:00 How will the company manage marketing?
01:31:00 The main risks for Western Alaska
01:40:00 Important closing thoughts
You can definitely see your enthusiasm in the work you write. The world hopes for more passionate writers like you who aren’t afraid to say how they believe. Always go after your heart.
Please let me know if you’re looking for a writer for your site. You have some really great posts and I think I would be a good asset. If you ever want to take some of the load off, I’d really like to write some content for your blog in exchange for a link back to mine. Please shoot me an e-mail if interested. Kudos!
You have observed very interesting points! ps decent website .
I like this blog so much, saved to bookmarks. “Nostalgia isn’t what it used to be.” by Peter De Vries.
Great weblog right here! Additionally your website a lot up fast! What host are you the usage of? Can I am getting your associate hyperlink to your host? I wish my web site loaded up as quickly as yours lol