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Hercules Metals Corp BADEF


Primary Symbol: V.BIG

Hercules Metals Corp., formerly Hercules Silver Corp., is a Canada-based exploration company. The Company is focused on developing Idaho's newest copper and silver district. The 100% owned Hercules Project, located northwest of Cambridge, hosts the recently discovered Leviathan porphyry copper system. The Hercules Property represents 8,850 acres consisting of one patented lode claim, 416 unpatented lode claims and approximately 1,165 acres of mineral rights owned in fee. The Company also holds the right to conduct exploration, drilling, road building, mining and milling activities on 1,770 acres of surface within the Hercules Property. The Hercules Property is located on the northwestern shoulder of Cuddy Mountain, 200 kilometers (km) northwest of Boise, Idaho. It also has a diversified metal portfolio, including the newly discovered porphyry copper target at the Hercules Project in Idaho.


TSXV:BIG - Post by User

Post by Varaderoon Apr 16, 2024 9:33pm
140 Views
Post# 35992901

Another great news for $copper mining

Another great news for $copper mining

Biden set to block Ambler mining road in Alaska wilderness

The move to preserve the preserve the pristine wilderness has been sought by Alaskan tribes, but would keep the critical minerals in the region from being mined.

The Biden administration is preparing to reject a controversial road-building project need to mine major copper and zinc deposits in the remote Alaska wilderness, a move sought by native tribes, but one that would keep critical minerals needed for the U.S. clean energy transition out of reach.

In a final environmental analysis due out later this week, the Interior Department is expected to issue a recommendation that would effectively kill the Ambler Road project in its current form, according to two people with knowledge on the decision who were granted anonymity because it was not yet public. A document explaining the administration’s stance is due 90 days after publication of the environmental impact statement.

If the Biden administration ultimately rejects the access road, its decision will likely be challenged by the state agency overseeing the project. And a rejection is sure to infuriate Alaska lawmakers who lobbied the administration to allow the road to be built.

The Ambler Road decision represents the latest challenge to Biden’s efforts to balance his climate goals, which require building out a domestic supply chain for the minerals needed to transition away from fossil fuels, while ensuring that the clean energy push he is spearheading will not harm tribal communities. An earlier draft of the project’s environmental impact statement found that more than 30 tribal communities would face restrictions on subsistence hunting and fishing if the road were built — a key factor in the administration’s reasoning.

The 211-mile-long Ambler Road was initially approved under the previous administration, which issued a 50-year right-of-way permit to build the road just days before President Donald Trump left office.

But the project has faced strong opposition from tribes in interior Alaska as well as hunting and angling groups who argue it will hurt subsistence resources, including caribou migration patterns and some of Alaska’s most important salmon and sheefish spawning streams. The industrial access road would cross hundreds of rivers and streams, 26 miles of Gates of the Arctic National Park and Preserve, and the tribal lands of several Alaska Native communities -- allowing for approximately 168 truck trips a day.

The area south of the Brooks Range—a patchwork of wetlands and densely forested wilderness—is one of the largest roadless areas in North America.

https://www.politico.com/news/2024/04/16/biden-set-to-block-mining-road-in-alaska-wilderness-00152592

Itkillik Preserve at the Arctic National Park and Preserve in Alaska.
 



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