Registration No. 000-54136
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 2
to
FORM 10
GENERAL FORM FOR REGISTRATION OF SECURITIES
Pursuant to Section 12(b) or 12(g) of the Securities Exchange Act of 1934
CONTANGO ORE, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 27-3431051 | |
| (State or other jurisdiction of incorporation or organization) |
(IRS Employer Identification No.) |
3700 Buffalo Speedway, Suite 960
Houston, Texas 77098
(Address of principal executive offices)
(713) 960-1901
(Registrant’s telephone number, including area code)
Securities to be registered pursuant to Section 12(b) of the Act:
| Title of each class to be so registered |
Name of each exchange on which each class is to be registered | |
| NONE |
N/A |
Securities registered pursuant to Section 12(g) of the Act:
COMMON STOCK, $0.01 par value
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
| Large accelerated filer | ¨ | Accelerated filer | ¨ | |||
| Non-accelerated filer | ¨ (Do not check if a smaller reporting company) | Smaller reporting company | x | |||
| BUSINESS | 1 | |||||
| Item 1A. |
RISK FACTORS | 10 | ||||
| Item 2. |
FINANCIAL INFORMATION | 18 | ||||
| Item 3. |
PROPERTIES | 20 | ||||
| Item 4. |
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT | 43 | ||||
| Item 5. |
DIRECTORS AND EXECUTIVE OFFICERS | 44 | ||||
| Item 6. |
EXECUTIVE COMPENSATION | 45 | ||||
| Item 7. |
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE | 48 | ||||
| Item 8. |
LEGAL PROCEEDINGS | 48 | ||||
| Item 9. |
MARKET PRICE OF AND DIVIDENDS ON THE REGISTRANT’S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS | 48 | ||||
| Item 10. |
RECENT SALES OF UNREGISTERED SECURITIES | 49 | ||||
| Item 11. |
DESCRIPTION OF REGISTRANT’S SECURITIES TO BE REGISTERED | 49 | ||||
| Item 12. |
INDEMNIFICATION OF DIRECTORS AND OFFICERS | 50 | ||||
| Item 13. |
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA | 50 | ||||
| Item 14. |
CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE | 50 | ||||
| Item 15. |
FINANCIAL STATEMENTS AND EXHIBITS | 51 | ||||
All references to the “Company”, “CORE”, “we”, “our” and “us” used in this Registration Statement on Form 10 (“Form 10”) are to Contango ORE, Inc.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This Registration Statement contains forward-looking statements regarding the Company that are based on the Company’s current expectations and includes statements regarding estimates of future production, future results of operations, quality and nature of the asset base, the assumptions upon which estimates are based and other expectations, beliefs, plans, objectives, assumptions, strategies or statements about future events or performance (often, but not always, using words such as “expects”, “projects”, “anticipates”, “plans”, “estimates”, “potential”, “possible”, “probable”, or “intends”, or stating that certain actions, events or results “may”, “will”, “should”, or “could” be taken, occur or be achieved). Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks and uncertainties, which could cause actual results to differ materially from those reflected in the statements. These risks include, but are not limited to, the risks associated with exploring for gold and rare earth materials (for example, risks involving unanticipated geological conditions related to exploring and mining; the uncertainty of any reserve estimates; the uncertainty of estimates and projections relating to any future production, costs and expenses; potential delays or changes in plans with respect to exploration or development projects or capital expenditures; health, safety and environmental risks and risks related to weather such as the arctic freeze, extremely cold temperatures and natural disasters); uncertainties as to the availability and cost of financing; fluctuations in supply and demand for gold and rare earth elements; inability of our management team to execute its plans to meet its goals, and the possibility that government policies may change or governmental approvals may be delayed or withheld. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from the projections in the forward-looking statements. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made, but they are open to a wide range of uncertainties and business risks, including the risks described under “Item 1A – Risk Factors.” The Company does not assume any obligation to update forward-looking statements should circumstances or management’s estimates or opinions change.
| Item 1. | BUSINESS. |
General
The Company was formed on September 1, 2010 as a Delaware corporation registered to do business in Alaska for the purpose of engaging in exploration in the State of Alaska for (i) gold and associated minerals and (ii) rare earth elements. The Company is a wholly-owned subsidiary of Contango Oil & Gas Company (“Contango”).
Contango Mining Company (“Contango Mining”) was formed on October 15, 2009 as a Delaware corporation registered to do business in Alaska for the purpose of engaging in exploration in the State of Alaska for (i) gold and associated minerals and (ii) rare earth elements. Contango Mining is also a wholly-owned subsidiary of Contango. The Company will acquire properties held by Contango Mining, will succeed to the business of Contango Mining, and will assume all assets and liabilities of Contango Mining. As a result, references that describe the operations of the Company, include the operations of Contango Mining.
Contango Mining holds leasehold interests in approximately 647,000 acres from the Tetlin Village Council, the council formed by the governing body for the Native Village of Tetlin, an Alaska Native Tribe (“Tetlin Lease”) and holds 12,000 acres in unpatented mining claims from the State of Alaska for the exploration of gold and associated minerals (together with the Tetlin Lease, the “Gold Properties”). Contango Mining also holds interests in and to 3,520 acres in unpatented Federal mining claims and 97,280 acres in unpatented mining claims from the State of Alaska for the exploration of rare earth elements (the “REE Properties”, and together with the Gold Properties, the “Properties”). Contango Mining acquired a 50% interest in the Properties from Juneau Exploration, L.P., (“JEX”) in exchange for $1 million and a 1% overriding royalty interest under a Joint Exploration Agreement dated as of September 29, 2009 (the “Joint Exploration Agreement”). As of September 15, 2010, Contango Mining acquired the remaining 50% interest in the Properties in exchange for increasing the overriding royalty interest in the Properties payable to JEX to 3%, and JEX and Contango Mining terminated the Joint Exploration Agreement.
Distribution of Company Stock
The Company anticipates that Contango will distribute the Company’s common stock to Contango’s stockholders of record as of October 15, 2010, promptly after the effective date of this Form 10 (the “Distribution”) on the basis of one share of common stock for each ten (10) shares of Contango’s common stock then outstanding. Immediately prior to the Distribution, Contango Mining will assign the Properties and related assets and liabilities to Contango, which will contribute the Properties and related assets together with $3.5 million in cash to the Company pursuant to the terms of a Contribution Agreement between Contango and the Company (“Contribution Agreement”).
Our Business
We are a Houston-based company, whose primary business is to explore in the State of Alaska for (i) gold ore and associated minerals, and (ii) rare earth elements. We expect to initially have three part time employees.
We have leased or have control over properties in the State of Alaska totaling approximately 759,800 acres for the exploration of gold and associated minerals and rare earth elements. We anticipate that from time to time we will acquire additional acreage in Alaska for the exploration of gold and associated minerals and rare earth elements through leases or obtaining additional mining claims. Our exploration strategy is predicated upon two core beliefs: (1) that the only competitive advantage in a commodity-based business is to be among the lowest cost producers and (2) that virtually all the mining industry’s value creation occurs through the discovery of mineral deposits that can be developed to the state of a commercially viable producing mine. While we do not
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have previous experience in the gold or rare earth element industries, we plan to focus our business strategy on the following elements:
Using our limited capital availability to increase our reward/risk potential on selective prospects. We will concentrate our risk investment capital in our prospects in Alaska. We have leased approximately 647,000 acres and control another 12,000 acres consisting of 126 unpatented State of Alaska mining claims in Eastern Alaska for the exploration of gold and associated minerals. We also own 3,520 acres consisting of 176 unpatented Federal mining claims and 97,280 acres consisting of 608 unpatented State of Alaska mining claims for the exploration of rare earth elements.
Exploration prospects are inherently risky as they require large amounts of capital with no guarantee of success. Furthermore, we may never achieve a competitive advantage in the conduct of our business, since it is unlikely that our Properties will have commercially viable mineral deposits. Should the Properties prove to have known deposits, or mineral ore, we will be required to develop our own mining operations or contract with third parties to mine our mineral ore. We may only become a low cost producer if the mineral ore is of high quality and the cost of the infrastructure necessary to mine the mineral ore is low relative to other producers, including those competitors located in China if rare earth elements are mined.
Our strategic initiatives are to undertake cost efficient and effective exploration activities to discover mineralization and potential mineral reserves which may enhance the value of our properties. If we are successful in our exploration activities, we may consider a joint venture or sales of our Properties to qualified mining companies. Under the terms of the Contribution Agreement, Contango will fund the Company with $3.5 million to pay for exploration and development costs of our gold and rare earth element prospects.
Alliance with JEX. JEX is a private company formed primarily for the purpose of assembling natural gas and oil prospects. Contango has previously contracted with JEX to conduct exploration activities for oil and gas reserves primarily in the Gulf of Mexico. JEX has been responsible in securing and negotiating the Tetlin Lease and assisting in obtaining the Properties and initially engaged Avalon Development Corporation, an Alaska-domiciled domestic corporation (“Avalon”) to conduct mineral exploration activities of the Tetlin Properties. JEX will continue to assist us in acquiring additional acreage in Alaska and provide other consulting services to the Company. We do not have a written agreement with JEX which contractually obligates them to provide us with their services. We anticipate providing JEX with an additional overriding royalty interest in property where JEX assists in the acquisition of such property.
Consulting Services Provided by Avalon. We have entered into a Professional Services Agreement with Avalon to conduct certain geological consulting services and exploration activities on the Properties. Avalon is a Fairbanks, Alaska based mineral exploration consulting firm, which has conducted mineral exploration in Alaska since 1985. Avalon’s mineral exploration services include pre-field planning, in-progress evaluation/modification and post-field critical review. Avalon’s exploration team has identified or conducted discovery drilling on several gold deposits in Alaska and has completed digital geographic information systems (“GIS”) compilations of the Tintina Gold Belt, a regional-scale mineral province stretching from southwestern Alaska to the southern Yukon Territory. Avalon also has experience exploring for copper, nickel and platinum group elements (“Cu-Ni-PGE”) deposits and also created a comprehensive GIS compilation of PGE prospects in Alaska, an internally-owned database that contains data on over 200 PGE occurrences in Alaska. In 2002, Avalon expanded its digital database to the identification and acquisition of rare earth element prospects in Alaska. Avalon will continue to work in conjunction with the Company to identify new properties and will conduct the initial exploration for such properties.
If any exploratory work on the Properties should prove successful, the Company could develop a wholly-owned mining operation entity to conduct mining operations, contract with mining companies to extract mineral ore from our Properties or enter into a joint venture with or sale of our Properties to an established mining company.
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Structuring Incentives to Drive Behavior. We believe that equity ownership aligns the interests of our consultants, executives and directors with those of our stockholders. Immediately prior to the Distribution, the Company’s directors and officers will receive restricted shares of common stock equal to 4.5% of the aggregate shares of common stock being distributed to the stockholders of Contango. The Company’s directors and officers initially will not receive any cash compensation for their work for the Company. Following the Distribution, the Company’s directors and executive officers will beneficially own or have voting control over approximately 22% of our common stock. In addition, our major consultant for geological and exploration activities, Avalon will receive restricted shares of our common stock equal to 1.5% of the aggregate shares of common stock being distributed to the stockholders of Contango. All shares of restricted stock will vest over three years, beginning with the one-year anniversary of the date the shares were granted.
Maximize Value Creation per Share. We believe that the primary objective of a business is to maximize value creation per share. As a result, we intend to limit the number of new shares issued in any future fund raising and keep grants of stock options to our directors, officers and Avalon to a minimum.
We are an exploration stage company, and none of the Properties that we own or control contain any known reserves or mineralized material. The Properties are at an early stage of exploration, and even if mineral reserves are discovered, they may not be commercially viable. A significant amount of additional work and at least another two years is likely required in the exploration of our Properties before any determination as to the economic feasibility of a mining venture can be made. Due to the harsh climate in Alaska, our work months are restricted to May through October.
Exploration and Mining Property
Exploration and mining rights in Alaska may be acquired in the following manner: public lands, private fee lands, unpatented Federal or State of Alaska mining claims, patented mining claims, and tribal lands. The primary sources for acquisition of these lands are the United States government, through the Bureau of Land Management and the United States Forest Service, the Alaskan state government, tribal governments, and individuals or entities who currently hold title to or lease government and private lands.
The Federal government owns public lands that are administered by the Bureau of Land Management or the United States Forest Service. Ownership of the subsurface mineral estate can be acquired by staking a twenty (20) acre mining claim granted under the General Mining Law of 1872, as amended (the “General Mining Law”). The Federal government still owns the surface estate even though the subsurface can be controlled with a right to extract through claim staking. Private fee lands are lands that are controlled by fee-simple title by private individuals or corporations. These lands can be controlled for mining and exploration activities by either leasing or purchasing the surface and subsurface rights from the private owner. Patented mining claims are claims that were staked under the General Mining Law, and through application and approval the owners were granted full private ownership of the surface and subsurface estate by the Federal government. These lands can be acquired for exploration and mining through lease or purchase from the owners. In order to acquire a patent, an applicant must, among other things, prove that improvements have been made on the land of not less than $500, pay a fee of five dollars ($5) per acre, and identify and describe the mineral deposit located in the land. Unpatented mining claims located on public land owned by another entity can be controlled by leasing or purchasing the claims outright from the owners.
With respect to unpatented mining claims, the Federal or applicable state government continues to hold the fee interest in real property while allowing private parties to stake claims for exploration, development and commercial extraction of minerals with rights of ingress and egress on the real property. Unpatented claims give the claimant the exclusive right to explore for and to develop the underlying minerals and use the surface for such purpose. However, the claimant does not own title to either the minerals or the surface, and the claim is subject to annual assessment work requirements and the payment of annual rental fees which are established by the governing authority of the land on which the claim is located. Unpatented mining claims are generally
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considered to be subject to greater title risk than other real property interests because the validity of unpatented mining claims is often uncertain, due to the complex Federal and state laws and regulations that supplement the General Mining Law. Also, unpatented mining claims and related rights, including rights to use the surface are subject to challenges by third parties or contests by the Federal or applicable state government. In addition, there are few public records that definitively determine the issues of validity and ownership of unpatented state mining claims. Our mining claims on land belonging to the State of Alaska have no opportunity to be patented. Rights to deposits of minerals on Alaska state land that is open to claim staking may be acquired by discovery, location and recording as prescribed in Alaska state statutes (AS 38.05.185 – 38.05.280). The State of Alaska requires holders of unpatented mining claims to perform annual assessment work and pay an annual fee on the claims in order to maintain the claimant’s title to the mining rights in good standing. State of Alaska unpatented mining claims are subject to a title reservation of 3% net profits royalty for all mineral production on net mining income of $100,000 or more. Mining claims located on State of Alaska lands cannot be deeded to the claimant.
Tribal lands are those lands that are under control by sovereign Native American tribes or Alaska Native corporations established by the Alaska Native Claims Settlement Act of 1971 (ANSCA). Areas that show promise for exploration and mining can be leased or joint ventured with the tribe controlling the land.
State of Alaska Exploration
Contango Mining was formed October 15, 2009 for the purpose of engaging in mineral exploration in Alaska. JEX entered into the Tetlin Lease in the State of Alaska with the Tetlin Village Council effective as of July 15, 2008 in order to conduct exploration activities for gold ore and other associated minerals and sold a 50% interest in the Tetlin Lease to Contango Mining in exchange for $1 million and a 1% overriding royalty interest. Pursuant to the Joint Exploration Agreement, Contango Mining was obligated to fund the next $2 million of exploration and related work expenditures on the Tetlin Properties. As of September 15, 2010 we acquired the remaining 50% interest in the Tetlin Lease from JEX in exchange for increasing the overriding royalty interest held by JEX to three percent (3%). The terms of each transaction, including price, between JEX and Contango Mining were based upon arm’s-length negotiations. Following the Distribution, the Company will have an interest in approximately 759,800 acres, 659,000 acres upon which predecessors of the Company commenced conducting gold exploration activities beginning in 2009, and 100,800 acres upon which the Company will conduct rare earth mineral exploration activities. See Item 3 – “Properties” for additional information regarding the Properties.
JEX originally entered into the Tetlin Lease to explore for oil, gas and other mineral reserves. In conducting preliminary drilling work on the Tetlin Properties, JEX began to explore the Tetlin Properties for mineral deposits and engaged Avalon to continue exploratory drilling activities. We believe JEX expended approximately $1 million on exploratory activities and related work before JEX sold a 50% leasehold interest in the Tetlin Properties to Contango Mining in exchange for $1 million and a 1% overriding royalty interest.
With respect to the acquisition of our REE Properties, Contango developed an interest in rare earth elements because of the increasing demand for products using rare earth elements, and based upon the preliminary surveys conducted by the United States Geological Survey and subsequently reviewed and analyzed by Avalon, Contango and JEX staked state and Federal mining claims and has engaged Avalon to conduct preliminary exploratory activities for rare earth elements in Alaska.
Gold Mining
In 2009, exploration activities were conducted over our leasehold interests in Alaska, which consists of approximately 647,000 acres leased from the Tetlin Village Council (the “Tetlin Properties”), 11,360 acres of State of Alaska unpatented mining claims near Tok, Alaska, which are contiguous with the Tetlin Properties and another 640 acres of State of Alaska unpatented mining claims that are non-contiguous with the Tetlin Properties but are located on the same trend of mineral ore. In our 2009 exploration program, we collected a total of 1,096
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rock, soil, pan concentrate and stream silt samples from our Tetlin Properties. Of this total, 348 samples showed measurable amounts of gold with 30 samples showing measured gold of 500 parts per billion (“ppb”) or higher.
In our 2010 exploration program, we collected a total of 1,884 rock, soil, pan concentrate and stream silt samples from our Tetlin Properties. Of this total, 910 samples showed measurable amounts of gold with 54 samples showing gold concentrations greater than 500 ppb. We also ran ground geophysical surveys with induced polarization (IP) which measures the conductivity/resistivity of underlying sub-surface rocks. Conductivity indicates the presence of metals. Based on our geology and IP results, we are reviewing our options for our 2011 exploration program. Our current plan is to fly airborne magnetic, electromagnetic, and radiometrics early next summer.
Gold is used for jewelry, coinage and bullion as well as various industrial and electronic applications. Gold can be readily sold on numerous markets throughout the world. Benchmark prices are generally based on the average London Bullion Market Association price for a specified month near the month of shipment.
Rare Earth Elements
The term “rare earth” is actually a misnomer. Rare earth elements are not in fact rare, as they are found in low concentrations throughout the earth’s crust. There are relatively few locations, however, where rare earth elements (“REEs”) are currently being economically mined and processed outside of China. Our decision to explore for REEs is based on our belief that REEs will become increasingly valuable as the world moves to embrace alternative “green” forms of energy such as wind turbines and advanced batteries which require REEs for component parts.
REEs have unique properties that have applications in several technologies, including:
| • | Clean-Energy Technologies: hybrid and electric vehicles, and wind turbines |
| • | Defense and Homeland Security Applications: aircraft control, lasers, global positioning systems, radar, sonar, guided missiles and smart bombs |
| • | High-Technology Applications: microwaves, MRI testing, color televisions, motion picture studio lighting and projection |
Demand for REEs is expected to increase due to increased demand for existing products that utilize rare earth elements as well as continued development of additional technologies that require application of REEs. Currently, China accounts for over 90% of the global supply for REEs and the oxides produced from REEs, and the Chinese government has begun to restrict exports of REEs and require that manufacturing of rare earth metals take place within China.
Our decision to focus our rare earth element exploration efforts in Alaska is based, in part, upon several surveys performed by the United States Geological Survey (the “USGS”) in the 1970s and 1980s. The two primary sources of public-sector geochemical data which we and Avalon used to identify potential mineral prospects are the Alaska Mineral Resource Appraisal Program (“AMRAP”) and the National Uranium Resource Evaluation program (“NURE”), both of which were conducted in Alaska in the 1970s and 1980s. The AMRAP included geologic mapping, airborne geophysics and geochemical sampling. The program did not analyze for gold during the initial study, although analyses for important gold pathfinder elements such as arsenic, bismuth and tungsten were completed. These programs were run on a quadrangle by quadrangle basis resulting in multiple folios published by the USGS over multiple years. Geochemical data from the AMRAP and other USGS programs has been compiled in a digital database referred to as the RASS database (Rock Analysis Storage System, Open File Report 99-433), available from the USGS at http://pubs.usgs.gov/of/1999/of99-433/. The NURE program was funded by the United States Department of Energy primarily as a geochemical study to define new uranium sources in the United States. The original NURE samples were collected and analyzed in the
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1970s but were re-analyzed in the late 1990s using more modern analytical techniques. These digital data are available in Open File Report 97-492 from the USGS at http://pubs.usgs.gov/of/1997/ofr-97-0492/. The surveys we and Avalon examined indicated anomalous uranium samples as well as anomalous zirconium, beryllium, tantalum, and niobium, which are commonly found near deposits of rare earth elements.
In 2011 we expect to begin exploratory work for rare earth elements over the 100,800 acres we control in Alaska. Our exploration activities will include the following: geological surveying, geochemical sampling, geophysical surveying, geochemical evaluation for rare earth elements and two-dimensional and three-dimensional electromagnetic exploration in order to determine the existence and location of any rare earth elements.
We hold the following Federal unpatented mining claims: (i) 49 unpatented mining claims near Stone Rock Bay, Alaska, totaling 980 acres, and (ii) 127 unpatented mining claims near Salmon Bay, totaling 2,540 acres, which are located near Bokan Mountain. We also control 608 State of Alaska unpatented mining claims, totaling 97,280 acres, located in the interior of Alaska. The Company believes that there has been limited exploration targeted specifically at REEs in Alaska historically, with the exception of Bokan Mountain, located on the Prince of Wales Island in Southeast Alaska.
REEs consist of the 15 elements with atomic numbers 57 to 71 (the “Lanthanide Series”), plus the elements Scandium (atomic number 21) and Yttrium (atomic number 39). REEs are separated into two categories, light rare earths (“LREEs”, consisting of atomic numbers 57-62), and heavy rare earths (“HREEs”, consisting of atomic numbers 63-71, plus Yttrium (atomic number 39)).
The following table ranks the REEs in the order of their relative abundance in the earth’s crust:
| Rare-Earth Element, Symbol |
Abundance (parts per million) |
Atomic Number |
||||||
| Cerium, Ce |
46.0 | 58 | ||||||
| Yttrium, Y |
28.0 | 39 | ||||||
| Neodymium, Nd |
24.0 | 60 | ||||||
| Lanthanum, La |
18.0 | 57 | ||||||
| Samarium, Sm |
6.5 | 62 | ||||||
| Gadolinium, Gd |
6.4 | 64 | ||||||
| Praseodymium, Pr |
5.5 | 59 | ||||||
| Scandium, Sc |
5.0 | 21 | ||||||
| Dysprosium, Dy |
4.5 | 66 | ||||||
| Ytterbium, Yb |
2.7 | 70 | ||||||
| Erbium, Er |
2.5 | 68 | ||||||
| Holmium, Ho |
1.2 | 67 | ||||||
| Europium, Eu |
1.1 | 63 | ||||||
| Terbium, Tb |
0.9 | 65 | ||||||
| Lutetium, Lu |
0.8 | 71 | ||||||
| Thulium, Tm |
0.2 | 69 | ||||||
| Promethium, Pm |
0.0 | 61 | ||||||
Consulting Services provided by Avalon Development Corporation
The Company is a party to a Professional Services Agreement with Avalon to provide certain geological consulting services and exploration activities with respect to the Properties. In connection with the Distribution, the Company intends to enter into an Amended and Restated Professional Services Agreement with Avalon (the “PSA”). Pursuant to the PSA, Avalon will continue to provide certain geological consulting services and exploration activities. The Company pays Avalon on a per diem basis and reimburses Avalon for its expenses
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pursuant to the PSA. As additional compensation, Avalon will also receive restricted shares of common stock equal to 1.5% of the aggregate shares of common stock being distributed to the stockholders of Contango. The shares will vest over three years beginning with the one-year anniversary of the date the shares were granted. Avalon has conducted mineral exploration in Alaska since 1985. Its team of engineers and geoscientists combined with its geographic information systems (GIS) database allows Avalon to synthesize existing geological, geochemical and geophysical data and identify specific target areas for ground evaluation and/or acquisition. Avalon expects to assign approximately 5 engineers and geologists to conduct exploration activities on the Properties. Work schedules will vary widely from a 7 day per week, 30-day minimum schedule for field related geologists and geological engineers to 40-hours per week schedules for geographic information system and management staff. Because the Company does not have experience exploring or evaluating gold or rare earth element prospects in Alaska, we will rely on Avalon’s experience in the State of Alaska to determine whether our exploration activities will be likely to develop commercially viable deposits.
Marketing and Pricing
Should our exploratory drilling activities prove to be successful, the Company expects to mine ore and derive its revenue principally from the sale of gold and associated minerals or rare earth elements. We may also enter into joint ventures or sell some or all of our Properties to qualified mining companies. We do not currently have a market for any minerals that may be derived from our Properties. As a result, the Company’s revenues are expected to be determined, to a large degree, by the success of our exploration and any subsequent mining activities and by prevailing prices for gold and rare earth elements. Market prices are dictated by supply and demand, and the Company cannot predict or control the price it will receive for gold ore and rare earth elements.
Adverse Climate Conditions
Climate conditions will affect the Company’s ability to conduct exploration activities and mine any ore from its Properties in Alaska. While exploratory drilling and related activities may only be conducted from May to October on certain of our Properties, the Company believes development work and any subsequent mining may be conducted year-round.
Competition
We currently face strong competition for the acquisition of exploration-stage properties as well as extraction of any minerals in Alaska. Numerous larger mining companies actively seek out and bid for mining prospects as well as for the services of third party providers and supplies, such as mining equipment and transportation equipment. Our competitors in the exploration, development, acquisition and mining business will include major integrated mining companies as well as numerous smaller mining companies, almost all of which have significantly greater financial resources and in-house technical expertise. In addition, we will compete with others in efforts to obtain financing to explore our mineral properties.
While there are few rare earth mining companies in the United States, the global rare earth mining and processing markets are competitive. China currently accounts for over 90% of rare earth mineral production and manufacturing, and should our rare earth mining efforts prove to be successful, we may not be able to implement the processing technologies and capabilities that our Chinese counterparts have already established. Our Chinese competitors may have greater financial resources, as well as other strategic advantages to maintain, improve and expand their mining programs. In addition, Chinese domestic economic policies may allow domestic companies to produce at relatively lower costs.
Competitive conditions may be substantially affected by various forms of legislation and regulation considered from time to time by the government of the United States and the State of Alaska, as well as factors that we cannot control, including international political conditions, overall levels of supply and demand for minerals, and currency fluctuations.
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Government Regulation
Our mineral exploration activities are generally affected by various laws and regulations, including environmental, conservation, tax and other laws and regulations relating to the exploration of minerals. Various Federal and Alaskan laws and regulations often require permits for exploration activities and also cover extraction of minerals. In addition, our Tetlin Properties are located on land leased from the Tetlin Village Council. Federally recognized Native American tribes are independent governments, with sovereign powers, except as those powers may have been limited by treaty or by the United States Congress. Such tribes maintain their own governmental systems and often their own judicial systems and have the right to tax, and to require licenses and to impose other forms of regulation and regulatory fees, on persons and businesses operating on their lands. As sovereign nations, federally recognized Native American tribes are generally subject only to federal regulation. States do not have the authority to regulate them, unless such authority has been specifically granted by Congress, and state laws generally do not directly apply to them and to activities taking place on their lands, unless they have a specific agreement or compact with the state or Federal government allowing for the application of state law. We will continue to use our best efforts to ensure that the Company is in compliance with all applicable laws and regulations but the denial of permits required to explore for or mine ore may prevent us from realizing revenues arising from the presence of minerals on our properties.
Environmental Regulation
Mining operations are subject to local, state and Federal regulation governing environmental quality and pollution control, including air quality standards, greenhouse gas, waste management, reclamation and restoration of properties, plant and wildlife protection, handling and disposal of radioactive substances, and employee health and safety. Extraction of mineral ore is subject to stringent environmental regulation by state and federal authorities, including the Environmental Protection Agency. Such regulation can increase the cost of planning, designing, installing and operating mining facilities or otherwise delay, limit or prohibit planned operations.
Significant fines and penalties may be imposed for failure to comply with environmental laws. Some environmental laws provide for joint and several strict liability for remediation of releases of hazardous substances. In addition, we may be subject to claims alleging personal injury or property damage as a result of alleged exposure to hazardous substances.
Some REE deposits contain naturally occurring radioactive substances, such as thorium and uranium. The mining of REEs that contain such radioactive substances involves the handling and disposal of such substances, and accordingly we may be subject to extensive safety, health and environmental laws, regulations and permits regarding radioactive substances. Significant costs, obligations or liabilities may be incurred with respect to such requirements, and any future changes in such requirements (or the interpretation or enforcement thereof) may have a material adverse effect on our business or results of operations. Furthermore, our drilling programs may also use hazardous materials and generate hazardous and naturally occurring radioactive wastes. These and similar unforeseen impacts that our operations may have on the environment, as well as human exposure to hazardous or radioactive materials or wastes associated with our operations, could have a material adverse effect on our business, reputation, results of operation and financial condition.
The Federal Mine Safety and Health Act of 1977 and regulations promulgated thereunder as well as the State of Alaska Department of Labor and Workforce Development impose a variety of health and safety standards on numerous aspects of employee working conditions related to mineral extraction and processing operations, including the training of personnel, operating procedures and operating equipment. In addition, the Company may be subject to additional state and local mining standards. The Company believes that it currently is in compliance with applicable mining standards; however, we cannot predict whether changes in standards or the interpretation or enforcement thereof will have a material adverse effect on our business, financial condition or otherwise impose restrictions on our ability to conduct mining operations.
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Federal legislation and regulations adopted and administered by the U.S. Environmental Protection Agency, Forest Service, Bureau of Land Management, Fish and Wildlife Service, Mine Safety and Health Administration, and other federal agencies, legislation such as the Federal Clean Water Act, Clean Air Act, National Environmental Policy Act, Endangered Species Act, and Comprehensive Environmental Response, Compensation, and Liability Act (“CERCLA”) and various laws and regulations administered by the State of Alaska, have a direct bearing on exploration and mining operations conducted in Alaska. These regulations will make the process for preparing and obtaining approval of a plan of operations much more time-consuming, expensive, and uncertain. Plans of operation will be required to include detailed baseline environmental information and address how detailed reclamation performance standards will be met. In addition, all activities for which plans of operation are required will be subject to a new standard of review by the U.S. Bureau of Land Management, which must make a finding that the conditions, practices or activities do not cause substantial irreparable harm to significant scientific, cultural, or environmental resource values that cannot be effectively mitigated.
CERCLA generally imposes joint and several strict liability for costs of investigation and remediation and for natural resource damages, with respect to the release of hazardous substances (as designated under CERCLA) into the environment. CERCLA also authorizes the EPA, and in some cases, third parties, to take action in response to threats to the public health or the environment and to seek to recover from the potentially responsible parties the costs of such action. Our mining operations may generate wastes that fall within CERCLA’s definition of Hazardous Substances.
Employees
The Company expects to have three part-time employees. Mr. Peak is the Chairman, Chief Executive Officer and President of the Company and will be responsible for the management of the Company. Mr. Castro is the Vice President, Chief Financial Officer and Secretary of the Company and will be responsible for the financial affairs of the Company. Ms. Makalskaya is the Vice President and Controller of the Company and will be responsible for the Company’s accounting. The Company expects that Mr. Peak will devote seven (7) hours per week to the Company’s business and Mr. Castro and Ms. Makalskaya will each devote fifteen (15) hours per week to the Company’s business. The Company also expects to use the services of independent consultants and contractors, including JEX, to perform various professional services, including land acquisition, legal, environmental and tax services. JEX will have two employees who are a land man and an engineer, respectively, and will devote an aggregate of 8 hours per week to the Company’s business. In addition, the Company expects to utilize the services of independent contractors, including Avalon, to perform geological, exploration and drilling operation services and independent third party engineering firms to evaluate any reserves.
Available Information
You may read and copy all or any portion of this registration statement and the exhibits and schedules that were filed with this registration statement without charge at the office of the Securities and Exchange Commission (the “SEC”) in Public Reference Room, 100 F Street NE, Washington, DC, 20549. Copies of the registration statement may be obtained from the SEC at prescribed rates from the Public Reference Section of the SEC at the above address. Information regarding the operation of the public reference rooms may be obtained by calling the SEC at 1-800-SEC-0330. In addition, registration statements and certain other filings made with the SEC electronically are publicly available through the SEC’s website at http://www.sec.gov. This registration statement, including all exhibits and amendments to the registration statement, has been filed electronically with the SEC.
Upon effectiveness of this registration statement, we will become subject to the information and periodic reporting requirements of the Securities and Exchange Act of 1934, as amended, and, in accordance therewith, will file periodic reports, proxy statements and other information with the SEC. These periodic reports, proxy statements and other information will be available for inspection and copying at the public reference facilities and web site of the SEC.
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We intend to furnish our stockholders with annual reports on Form 10-K containing audited consolidated financial statements and make available quarterly reports for the first three fiscal quarters of each fiscal year containing unaudited interim consolidated financial information.
| Item 1A. | RISK FACTORS |
In addition to other information set forth elsewhere in this Registration Statement, you should carefully consider the following factors when evaluating the Company. An investment in the Company is subject to risks inherent in our business. The trading price of the shares of the Company is affected by the performance of our business relative to, among other things, competition, market conditions and general economic industry conditions. The value of an investment in the Company may decrease, resulting in loss. The risk factors below are not all inclusive.
Risks Relating to Our Business
We have no revenue to date from our mining properties, which may negatively impact our ability to achieve our business objectives.
Since the acquisition of the Properties in the fall of 2009 and spring of 2010, we and our predecessors have conducted only very limited exploration activities and to date have not, discovered any commercially viable mineral deposits. Our ability to become profitable will be dependent on the receipt of revenues from the extraction of minerals greater than our operational expenses. We and our predecessors have carried on our business of exploring our Properties at a loss since our inception and expect to continue to incur losses unless and until such time as one of our Properties enters into commercial production and generates sufficient revenues to fund our continuing operations. The amounts and timing of expenditures will depend on the progress of ongoing exploration, the results of consultants’ analysis and recommendations, the rate at which operating losses are incurred, and other factors, many of which are beyond our control. Whether any mineral deposits we discover would be commercially viable depends on a number of factors, which include, without limitation, the particular attributes of the deposit, market prices for the minerals, and governmental regulations. If we cannot discover commercially viable deposits or commence actual mining operations, we may never generate revenues and will never become profitable.
The Properties in which we have an interest do not have any proven or probable reserves and we may never identify any commercially exploitable mineralization.
None of our Properties have any proven or probable reserves. To date, we have engaged in only limited preliminary exploration activities on the Properties, and our exploration activities of our REE Properties are based upon prior preliminary surveys conducted by the Federal government. Accordingly, we do not have sufficient information upon which to assess the ultimate success of our exploration efforts. There is no assurance that we may ever locate any mineral resources on our Properties or if we find mineral resources, they may not be in economic quantities. Additionally, even if we find minerals in sufficient quantities to warrant recovery, such recovery may not be economically profitable. Mineral exploration is highly speculative in nature, involves many risks and is frequently non-productive. Unusual or unexpected geologic formations and the inability to obtain suitable or adequate machinery, equipment or labor are risks involved in the conduct of exploration programs. If we do not establish reserves, we will be required to curtail or suspend our operations, in which case the market value of our common stock will decline, and you may lose all of your investment.
The probability of an individual prospect ever having reserves is extremely remote.
The probability of finding economic mineral reserves on any of our Properties is extremely small. It is common to spend millions of dollars on a potential project and complete many phases of exploration and still not obtain mineral reserves that can be economically exploited. Therefore, the chances of our Properties ever having mineral reserves and recovering any funds spent on exploration is extremely remote.
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Our Properties are located in the remote regions of Alaska and exploration activities may be limited by climate and limited access and existing infrastructure.
Our focus is on the exploration of our Properties in the State of Alaska. The arctic climate limits exploration activities to May to October. In addition, the remote location of our Gold Properties as well as our REE Properties may limit access and increase exploration expenses. Higher costs associated with exploration activities and limitation on the annual periods in which we can carry on exploration activities will increase the costs and time associated with our planned exploration activities and could negatively affect the value of our Properties and securities.
We are highly dependent on the technical services provided by our consultant, Avalon, including the operation and maintenance of the Properties and exploratory drilling activities, and could be seriously harmed if Avalon terminated the services with us or became otherwise unavailable.
Because we expect to have only three part-time employees, none of whom are mineral geoscientists or have experience in the mining industry, we will depend upon our consultant, Avalon, for the success of our exploration projects and expect to remain so for the foreseeable future. Our ability to continue conducting exploration activities is in large part dependent upon the efforts of our consultant. As a result, we have little control over the exploratory operations on the Properties. In addition, highly qualified explorationists and engineers are difficult to attract and retain. As a result, the loss of the services of our consultant could have a material adverse effect on us and could prevent us from pursuing our business plan.
We are dependent on the services provided by JEX, including the acquisition of additional acreage, and could be seriously harmed if JEX terminated its services or became otherwise unavailable.
We are dependent upon JEX for assistance in acquiring additional acreage for our exploration projects in Alaska and expect to remain so for the foreseeable future. We do not have a written agreement with JEX which contractually obligates them to provide us with their services in the future. As a result, the loss of the services of JEX could have a material adverse effect on us and could prevent us from pursuing our business plan.
Our ability to successfully execute our business plan is dependent on our ability to obtain adequate financing.
Our business plan, which includes the drilling of exploration prospects, will require substantial capital expenditures. We will require financing to fund our planned explorations and will soon be required to raise additional capital. Our ability to raise capital will depend on many factors, including the status of our exploration program and the status of various capital and industry markets at the time we seek such capital. Accordingly, we cannot be certain that financing will be available to us on acceptable terms, if at all. In the event additional capital resources are unavailable, we may be required to curtail our exploration and development activities or be forced to sell some of our Properties in an untimely fashion or on less than favorable terms.
Concentrating our capital investment in the State of Alaska increases our exposure to risk.
We expect to focus our capital investments in gold and rare earth mineral prospects in the State of Alaska. However, our exploration prospects in Alaska may not lead to any revenues or we may not be able to drill for mineral deposits at anticipated finding and development costs due primarily to financing and environmental uncertainties. Should we be able to make an economic discovery on our Properties, we would then be solely dependent upon a single mining operation for our revenue and profits.
We will rely on the accuracy of the estimates in reports provided to the Company by outside consultants and engineers.
We have no in house mineral engineering capability, and therefore will rely on the accuracy of reserve reports provided to us by our independent third party consultants. If those reports prove to be inaccurate, our
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financial reports could have material misstatements. Further, we will use the reports of our independent consultants in our financial planning. If the reports prove to be inaccurate, we may also make misjudgments in our financial planning.
Exploration activities involve a high degree of risk, and our participation in exploratory drilling activities may not be successful.
Our future success will largely depend on the success of our exploration drilling program. Participation in exploration drilling activities involves numerous risks, including the significant risk that no commercially marketable minerals will be discovered. The mining of minerals and the manufacture of mineral products involves numerous hazards, including:
| • | Ground or slope failures; |
| • | Pressure or irregularities in formations affecting ore or wall rock characteristics; |
| • | Equipment failures or accidents; |
| • | Adverse climate conditions; |
| • | Compliance with governmental requirements and laws, present and future; |
| • | Shortages or delays in the availability and delivery of equipment; and |
| • | Lack of adequate infrastructure, including access to roads, electricity and available housing. |
Poor results from our drilling activities would materially and adversely affect our future cash flows and results of operations.
We have no assurance of title to our Properties.
We hold approximately 109,280 acres in the form of State of Alaska unpatented mining claims, for both gold and REE exploration. We also hold approximately 3,520 acres in unpatented U.S. Federal mining claims. Unpatented mining claims are unique property interests, in that they are subject to the paramount title of, the State of Alaska or the U.S. Federal government, as applicable, and rights of third parties to uses of the surface within their boundaries, and are generally considered to be subject to greater title risk than other real property interests. The rights to deposits of minerals lying within the boundaries of the unpatented state claims are subject to Alaska Statues 38.05.185 – 38.05.280, and are governed by Alaska Administrative Code 11 AAC 86.100 – 86.600. The validity of all State of Alaska unpatented mining claims is dependent upon inherent uncertainties and conditions. These uncertainties relate to matters such as:
| • | The existence and sufficiency of a discovery of valuable minerals; |
| • | Proper posting and marking of boundaries in accordance with state statutes; |
| • | Making timely payments of annual rentals for the right to continue to hold the mining claims in accordance with state statutes; |
| • | Whether sufficient annual assessment work has been timely and properly performed; and |
| • | Possible conflicts with other claims not determinable from descriptions of records. |
The validity of an unpatented mining claim also depends on (1) the claim having been located on Alaska state land open to appropriation by mineral location, which is the act of physically going on the land and making a claim by putting stakes in the ground, (2) compliance with all applicable state statutes in terms of the contents of claim location notices or certificates and the timely filing and recording of the same, (3) timely payment of annual claim rental fees, and (4) the timely filing and recording of proof of annual assessment work. In the absence of a discovery of valuable minerals, the ground covered by an unpatented mining claim is open to location by others unless the
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owner is in actual possession of and diligently working the claim. The unpatented state mining claims we own or control may be invalid, or the title to those claims may not be free from defects. In addition, the validity of our claims may be contested by the Alaska state government or challenged by third parties.
With respect to our Tetlin Properties, we retained title lawyers to conduct a general examination of title to the mineral interest prior to executing the lease. Prior to conducting any mining activity, however, we will obtain a full title review of the applicable lease to identify more fully any deficiencies in title to the lease and, if there are deficiencies, to identify measures necessary to cure those defects to the extent reasonably possible. However, such deficiencies may not be cured by us. It does happen, from time to time, that the examination made by title lawyers reveals that the title to the Properties are defective, having been obtained in error from a person who is not the rightful owner of the mineral interest desired. In these circumstances, we may not be able to proceed with our exploration and development of the lease site or may incur costs to remedy a defect. It may also happen, from time to time, that we may elect to proceed with drilling despite defects to the title identified in a title opinion.
We have entered into the Tetlin Lease with a Native American tribe for the exploration of gold and associated minerals. The enforcement of contractual rights against Native American tribes with sovereign powers may be difficult.
Federally recognized Native American tribes are independent governments with sovereign powers, except as those powers may have been limited by treaty or the United States Congress. Such tribes maintain their own governmental systems and often their own judicial systems and have the right to tax, and to require licenses and to impose other forms of regulation and regulatory fees, on persons and businesses operating on their lands. As sovereign nations, federally recognized Native American tribes are generally subject only to federal regulation. States do not have the authority to regulate them, unless such authority has been specifically granted by Congress, and state laws generally do not directly apply to them and to activities taking place on their lands, unless they have a specific agreement or compact with the state or Federal government allowing for the application of state law. Our Tetlin Lease provides that it will be governed by applicable federal law and the law of the State of Alaska. We cannot assure you, however, that this choice of law clause would be enforceable, leading to uncertain interpretation of our rights and remedies under the Tetlin Lease.
Federally recognized Native American tribes also generally enjoy sovereign immunity from lawsuit similar to that of the states and the United States federal government. In order to sue a Native American tribe (or an agency or instrumentality of a Native American tribe), the Native American tribe must have effectively waived its sovereign immunity with respect to the matter in dispute. Moreover, even if a Native American tribe effectively waives its sovereign immunity, there exists an issue as to the forum in which a lawsuit can be brought against the tribe. Federal courts are courts of limited jurisdiction and generally do not have jurisdiction to hear civil cases relating to matters concerning Native American lands or the internal affairs of Native American governments. Federal courts may have jurisdiction if a federal question is raised by the lawsuit, which is unlikely in a typical contract dispute. Diversity of citizenship, another common basis for federal court jurisdiction, is not generally present in a suit against a tribe because a Native American tribe is not considered a citizen of any state. Accordingly, in most commercial disputes with tribes, the jurisdiction of the federal courts, may be difficult or impossible to obtain. Our Tetlin Lease contains a provision in which the Tetlin Village Council expressly waives its sovereign immunity to the limited extent necessary to permit judicial review in the courts in Alaska of certain issues affecting the Tetlin Lease.
Competition in the mineral exploration industry is intense, and the Company is smaller and has a much more limited operating history than most of its competitors.
We will compete with a broad range of mining companies with far greater resources in our exploration activities. Several mining companies concentrate drilling efforts on one type of mineral and thus may enjoy economies of scale and other efficiencies. However, our drilling strategies include both mining of gold ore and rare earth elements. As a result, we may not be able to compete with such companies. We will also compete for
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the equipment and labor required to operate and to develop our Properties if our exploration activities are successful. Most of our competitors have substantially greater financial resources than we do. These competitors may be able to evaluate, bid for and purchase a greater number of properties and prospects than we can. In addition, most of our competitors have been operating for a much longer time than we have and have substantially larger staffs. Gold and rare earth minerals processing requires complex and sophisticated processing technologies. We have no experience in the minerals processing industry.
We have only owned mining properties since the acquisition by our predecessors of the Properties in 2009 and 2010. Furthermore, no member of our management has any technical training or experience in minerals exploration or mining. Because of our limited operating history, we have limited insight into trends that may emerge and affect our business. We may make errors in predicting and reacting to relevant business trends and will be subject to the risks, uncertainties and difficulties frequently encountered by early-stage companies in evolving markets such as ours. We may not be able to compete effectively with more experienced companies or in such a highly competitive environment.
With respect to our rare earth mining activities, the Chinese have been exploring for, mining and producing rare earth minerals long before our entry into the industry, and therefore have far greater financial capabilities, as well as other processing technologies and resources to improve and expand their facilities. Additionally, the Chinese have enjoyed economies of scale and favorable domestic policies. We may not be able to overcome any strategic advantages our Chinese competitors may have over us.
The mining industry is historically a cyclical industry and market fluctuations in the prices of minerals could adversely affect our business.
Prices for minerals tend to fluctuate significantly in response to factors beyond our control. These factors include:
| • | global economic conditions; |
| • | domestic and foreign tax policy; |
| • | the price of foreign imports of gold and rare earth elements, and products derived from the foregoing; |
| • | the cost of exploring for, producing and processing mineral ore; |
| • | available transportation capacity; and |
| • | the overall supply and demand for minerals. |
Changes in commodity prices would directly affect revenues and may reduce the amount of funds available to reinvest in exploration and development activities. Reductions in mineral prices not only reduce revenues and profits, but could also reduce the quantities of reserves that are commercially recoverable. Declining metal prices may also impact our operations by requiring a reassessment of the commercial feasibility of any of our drilling programs.
Because our sole source of revenue will be the sale of gold and rare earth minerals if our exploration efforts are successful, changes in demand for, and the market price of, gold and rare earth minerals could significantly affect our profitability. The value and price of our common stock may be significantly affected by declines in the prices of gold and rare earth minerals and products.
Gold prices fluctuate widely and are affected by numerous factors beyond our control such as interest rates, exchange rates, inflation or deflation, fluctuation in the relative value of the United States dollar against foreign currencies on the world market, global and regional supply and demand for gold, and the political and economic conditions of gold producing countries throughout the world.
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Demand for rare earth minerals may also be impacted by fluctuations in demand for downstream products incorporating rare earth minerals, including wind power technology and hybrid and electric vehicles. Lack of growth in the clean technology or automotive industries may adversely affect the demand for rare earth minerals. The success of our business also depends on the creation of new products that may incorporate rare earth minerals. A prolonged or significant economic contraction in the United States or worldwide could also put downward pressure on market prices of rare earth minerals and products.
An increase in the global supply of minerals may adversely affect our business.
The pricing and demand for gold and rare earth minerals is affected by a number of factors beyond our control, including global economic conditions and the global supply and demand for gold and rare earth minerals and products. Increases in the amount of gold and rare earth minerals sold by our competitors may result in price reductions, reduced margins and we may not be able to compete effectively against current and future competitors.
We depend upon our management team and our consultant, Avalon.
The successful implementation of our business strategy and handling of other issues integral to the fulfillment of our business strategy depends, in part, on our management team, as well as our consultant, Avalon, and its geoscientists, geologists, engineers and other professionals engaged by Avalon. The loss of key members of our management team or the professional staff at Avalon could have a material adverse effect on our business, financial condition and operating results.
We do not have a loan facility with any financial institutions and as a result may not have sufficient capital to operate our business.
We currently do not have a loan facility with any financial institutions. The Company will have a limited amount of cash to fund its operations. Without additional funds to support the Company’s exploratory drilling activities, we may deplete our cash resources and cease operations.
Risks Related to Environmental Regulation
We are subject to complex laws and regulations, including environmental regulations that can adversely affect the cost, manner or feasibility of doing business.
Our exploratory mining operations are subject to numerous laws and regulations governing our operations and the discharge of materials into the environment, including the Federal Clean Water Act, Clean Air Act, Endangered Species Act, and the Comprehensive Environmental Response, Compensation, and Liability Act. Federal initiatives are often also administered and enforced through state agencies operating under parallel state statutes and regulations. Failure to comply with such rules and regulations could result in substantial penalties and have an adverse effect on us. These laws and regulations may:
| • | Require that we obtain permits before commencing drilling; |
| • | Restrict the substances that can be released into the environment in connection with drilling activities; and |
| • | Limit or prohibit drilling activities on protected areas. |
Under these laws and regulations, we could be liable for personal injury and clean-up costs and other environmental and property damages, as well as administrative, civil and criminal penalties. We maintain only limited insurance coverage for sudden and accidental environmental damages. Accordingly, we may be subject to liability, or we may be required to cease production from properties in the event of environmental damages. These laws and regulations have been changed frequently in the past. In general, these changes have imposed
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more stringent requirements that increase operating costs or require capital expenditures in order to remain in compliance. Any such changes could have an adverse effect on our business, financial condition and results of operations.
We are subject to the Federal Mine Safety and Health Act of 1977 and regulations promulgated thereto, which impose stringent health and safety standards on numerous aspects of our operations.
Our mining operations in Alaska are subject to the Federal Mine Safety and Health Act of 1977, which impose stringent health and safety standards on numerous aspects of mineral extraction and processing operations, including the training of personnel, operating procedures, operating equipment and other matters. Our failure to comply with these standards could have a material adverse effect on our business, financial condition or otherwise impose significant restrictions on our ability to conduct mining operations.
We may be unable to obtain, maintain or renew permits necessary for the development or operation of any mining activities, which could have a material adverse effect on our business, financial condition or results of operation.
We must obtain a number of permits that impose strict conditions, requirements and obligations relating to various environmental and health and safety matters in connection with our current and future operations. To obtain certain permits, we may be required to conduct environmental studies, collect and present data to governmental authorities and the general public pertaining to the potential impact of our current and future operations upon the environment and take steps to avoid or mitigate the impact. The permitting rules are complex and have tended to become more stringent over time. Accordingly, permits required for our operations may not be issued, maintained or renewed in a timely fashion or at all, or may be conditioned upon restrictions which may impede our ability to operate efficiently. The failure to obtain certain permits or the adoption of more stringent permitting requirements could have a material adverse effect on our business, our plans of operation, and properties in that we may not be able to proceed with our exploration, development or mining programs.
Risks Related to This Offering and Ownership of Our Common Stock
Anti-takeover provisions of our certificate of incorporation, bylaws and Delaware law could adversely affect potential acquisition by third parties.
Our certificate of incorporation, bylaws and the Delaware General Corporation Law contain provisions that may discourage unsolicited takeover proposals. These provisions could have the effect of inhibiting fluctuations in the market price of our common stock that could result from actual or rumored takeover attempts, preventing changes in our management or limiting the price that investors may be willing to pay for shares of common stock. Among other things, these provisions:
| • | Limit the personal liability of directors; |
| • | Limit the persons who may call special meetings of stockholders; |
| • | Prohibit stockholder action by written consent; |
| • | Establish advance notice requirements for nominations for election of the board of directors and for proposing matters to be acted on by stockholders at stockholder meetings; |
| • | Require us to indemnify directors and officers to the fullest extent permitted by applicable law; and |
| • | Impose restrictions on business combinations with some interested parties. |
The market for our common stock is limited.
There is currently no public market for our common stock. We anticipate the trading market for our common stock will be limited. Our common stock is or will be eligible for trading on the OTC Bulletin Board
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exchange, but is not eligible for trading on any regional securities exchange or the Nasdaq National Market. A more active trading market for our common stock may never develop, or if such a market develops, it may not be sustained.
We anticipate our common stock will be thinly traded following the Distribution.
Following the Distribution, we anticipate that approximately 1.6 million shares of our common stock will be outstanding and held by approximately 5,000 shareholders, with directors and officers owning or have voting control over approximately 22% of our common stock. Since we anticipate our common stock will be thinly traded after the Distribution, the purchase or sale of relatively small common stock positions may result in disproportionately large increases or decreases in the price of our common stock.
We do not intend to pay dividends in the foreseeable future.
For the foreseeable future, we intend to retain any earnings to finance the development of our business, and we do not anticipate paying any cash dividends on our common stock. Any future determination to pay dividends will be at the discretion of our Board of Directors and will be dependent upon then-existing conditions, including our operating results and financial condition, capital requirements, contractual restrictions, business prospects and other factors that our Board of Directors considers relevant. Accordingly, investors must rely on sales of their common stock after any price appreciation, which may never occur, as the only way to realize a return on their investment.
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| Item 2. | FINANCIAL INFORMATION. |
This “Financial Information” section should be read in conjunction with Item 13—“Financial Statements and Supplementary Data.”
Selected Historical Financial Data
The Company is a new company that, after the Distribution, expects to hold leases and mining claims for the exploration of gold deposits and associated minerals and rare earth elements. Because we have only recently begun operations, our historical financial information and operating data may not provide an accurate indication of our present financial condition or what the future results of operations are likely to be. The data should be read in conjunction with the financial statements and related notes and other financial information appearing elsewhere in this Registration Statement.
Management’s Discussion and Analysis of Financial Condition and Results of Operations
The following discussion and analysis of our financial condition and results of operations should be read in conjunction with the financial statements and the related notes and other information included elsewhere in this Registration Statement.
Overview
The Company is a Houston-based, independent company which upon completion of the Distribution, expects to hold certain mineral property interests for the conduct of exploratory drilling activities in the State of Alaska. The Company has no operating history and its prospects are subject to the risk and uncertainties frequently encountered by companies in the early stages of development.
The financial data and discussion of our financial condition and results of operations provided herein assume that the Distribution has occurred and the Company holds 100% of the Properties.
Liquidity and Capital Resources
The Company acquired certain interests in prospective gold and rare earth mineral properties located in the State of Alaska from Contango. The Company is in the initial stage of conducting exploration activities on its Properties, and our longer term liquidity could be impaired to the extent our exploration efforts are not successful in generating commercially viable mineral deposits on the Properties.
Liquidity. We expect our initial source of funding to be cash contributed by Contango. Pursuant to the Contribution Agreement, Contango is required to make a capital contribution in the amount of $3.5 million to fund costs and expenses of the Company. In the future, the Company may require additional funding from other funding sources, including possible equity offerings which could cause substantial dilution of our common stock, possible borrowings from financial institutions and possible offerings of debt securities. Any such debt financing would, however, increase our leverage and add to our need for cash to service such debt. Our ability to raise additional capital will depend on the results of our exploration program and the status of various capital and industry markets at the time such additional capital is sought. Accordingly, there can be no assurances that capital will be available to us from any source or that, if available, it will be on terms acceptable to us.
Capital Budget. For the next twelve months, our capital expenditure budget calls for us to invest approximately $2 million for exploratory drilling and other exploration activities on our Gold Properties and on our REE Properties. Our 2011 exploration program will be conducted in three phases as follows:
| • | Tetlin—Airborne Geophysics: Based on the results of geologic mapping, geochemical sampling and ground-based induced polarization studies completed on the Tetlin Properties in 2009 and 2010, a |
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| helicopter-supported airborne geophysical survey is planned for the Tetlin Properties in the spring of 2011. This program will include helicopter-supported airborne magnetics and multi-frequency electromagnetics over portions of the Tetlin Properties where previous exploratory activities have encountered gold and/or copper mineralization. The processed data will be evaluated by one or more geophysical contractors and mineral target prioritization will be completed. These data, in conjunction with previously gathered data, will serve as a basis to define and prioritize exploration drilling targets for follow-up in the summer and fall of 2011. Total estimated all-in cost of the program is budgeted at $500,000, including airborne data collection and reduction, data interpretation, logistical support and final prospect targeting. |
| • | Tetlin—Diamond Drilling: Previous work at Tetlin has defined several drilling targets. Airborne geophysical data will be used to expand the information on these high priority areas and prioritize the targets for exploration drilling. The exploration drilling program, to commence during the summer of 2011, will entail diamond core drilling to determine the depth extent and nature of gold and copper mineralization encountered by surface sampling. All cores will be logged, digitally photographed, split with a Haley core saw and one-half of each interval will be submitted for geochemical analysis. The remaining half core will be retained for future use. All cores will be assayed for gold by fire assay techniques with each sample also analyzed for a multi-element suite by inductively coupled plasma (“ICP”) methods using 4-acid digestion procedures. The estimated cost of this drilling program, including labor, assays, accommodations, heavy equipment rental, drilling, fuel and all consumables is $1 million. |
| • | Rare Earth Elements—Reconnaissance: A team of Avalon geologists and technicians will conduct first-pass reconnaissance exploration of the REE Properties. As of the date of the Distribution, no field work has been conducted on the Company’s REE Properties. The team will conduct geologic mapping, geochemical sampling and other tasks designed to determine the presence and magnitude of rare earth element mineralization on the REE Properties. All geochemical samples will be assayed for gold by fire assay techniques with each sample also analyzed for a multi-element suite, including the rare earth elements, by inductively coupled plasma-mass spectronomy or equivalent methods using 4-acid digestion procedures. The estimated cost of this program, including labor, assays, accommodations, claim maintenance fees, helicopter and fixed-wing support, fuel and all consumables is $500,000. |
We will plan our 2012 and 2013 exploration programs based upon the results of our 2011 exploration program. As of the date of the Distribution, Contango has contributed $3,500,000 to the Company in order to fund our 2011 planned explorations, but the Company may need to raise additional debt and/or equity to fund future minerals exploration programs. There can be no assurance the Company will be able to raise such additional capital.
We will also incur general and administrative expenses, which may include legal fees, audit fees, consultant fees, insurance, and other operating expenses.
Results of Operations
The Company is a newly-formed company that has not commenced mining or producing commercially marketable minerals. To date, we have not generated any revenue from mineral sales or operations. We have no recurring source of revenue and our ability to continue as a going concern is dependent on our ability to raise capital to fund our future exploration and working capital requirements.
In the future, we may generate revenue from a combination of mineral sales and other payments resulting from any commercially recoverable minerals from our properties. We do not expect to generate revenue from mineral sales in the foreseeable future. If our Properties fail to contain any proven reserves, our ability to generate future revenue, and our results of operations and financial position, would be materially adversely affected. Other potential sources of cash, or relief of demand for cash, include external debt, the sale of shares of
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our stock, joint ventures, or alternative methods such as mergers or sale of our assets. No assurances can be given, however, that we will be able to obtain any of these potential sources of cash. We will need to generate significant revenues to achieve profitability and we may never do so.
Off-Balance Sheet Arrangements
Contractual Obligations
The Tetlin Lease provides for an initial term of ten (10) years, and so long after such initial term as we continue conducting exploration or mining operations on the Tetlin Properties. While the Company is required to spend $350,000 per year annually for ten years in exploration costs pursuant to the Tetlin Lease, the Company anticipates that exploration expenditures through the 2010 exploration program will satisfy this requirement because exploration funds spent in any year in excess of $350,000 are credited toward future years’ exploration cost requirements. The Tetlin Lease also provides that we will pay the Tetlin Village Council a production royalty of from 3% to 5% should we deliver to a purchaser on a commercial basis precious metals, non-precious metals or hydrocarbons derived from the Tetlin Properties.
Critical Accounting Policies
The discussion and analysis of the Company’s financial condition and results of operations is based upon the financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial statements requires the Company to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses. We have identified below the policies that are of particular importance to the portrayal of our financial position and results of operations and which require the application of significant judgment by management. The Company analyzes its estimates, including those related to its mineral reserve estimates, on a periodic basis and bases its estimates on historical experience, independent third party engineers and various other assumptions that management believes to be reasonable under the circumstances. Actual results may differ from these estimates under different assumptions or conditions. The Company believes the following critical accounting policies affect its more significant judgments and estimates used in the preparation of the Company’s financial statements:
Mineral Property Interests, Exploration and Development Costs: Mineral property interests include interests in the exploration stage mineral properties acquired. The amount capitalized includes costs paid to acquire mineral property interest as well as the costs paid to the State of Alaska to obtain the lease rights. Exploration costs are expensed as incurred. Development costs are expensed as incurred until the Company obtains proven and probable reserves within its commercially minable properties. Costs of abandoned projects are charged to earnings upon abandonment. Properties determined to be impaired are written-down to the estimated fair value. The Company periodically evaluates whether events or changes in circumstances indicate that the carrying value of mineral property interests and related property, plant and equipment may not be recoverable.
Stock-Based Compensation. The Company applies the fair value based method to account for stock-based compensation. Under this method, we will measure and recognize compensation expense for all stock-based payments at fair value. Management is required to make assumptions including stock price volatility and employee turnover that are utilized to measure compensation expense. The fair value of stock options granted is estimated at the date of grant using the Black-Scholes option-pricing model.
| Item 3. | PROPERTIES. |
Upon completion of the Distribution, our Properties will be located in the State of Alaska. Our principal properties will consist of mineral leases and unpatented mining claims.
We believe that we hold good title to our Properties in accordance with standards generally accepted in the minerals industry. As is customary in both the gold and rare earths industry, we conduct only a perfunctory title
20
examination at the time we acquire a property. Before we begin any mining activities, however, we will conduct a full title examination and perform curative work on any defects that we deem significant.
Lease with Tetlin Village Council
JEX entered into the Tetlin Lease with the Tetlin Village Council, effective as of June 15, 2008. An undivided 50% leasehold interest was sold to Contango Mining pursuant to the Joint Exploration Agreement dated as of September 29, 2009 in exchange for $1 million and a 1% overriding royalty interest. JEX transferred its remaining 50% leasehold interest to Contango Mining as of September 15, 2010 in exchange for an increased overriding royalty aggregating 3%. The Tetlin Lease covers approximately 647,000 acres of land, provides for an initial term of ten (10) years, and so long after such initial term as we continue conducting exploration or mining operations on the Tetlin Properties. While the Company is required to spend $350,000 per year annually for ten years in exploration costs pursuant to the Tetlin Lease, the Company anticipates that exploration expenditures through the 2010 exploration program will satisfy this requirement because exploration funds spent in any year in excess of $350,000 are credited toward future years’ exploration cost requirements. The Tetlin Lease also provides that we will pay the Tetlin Village Council a production royalty should we deliver to a purchaser on a commercial basis precious metals, non-precious metals or hydrocarbons derived from the Tetlin Properties.
Gold Mining Claims
Our State of Alaska unpatented mining claims for gold and associated minerals are set forth in the tables below.
LAD CLAIMS
TRIPLE Z PROJECT, ALASKA
All State of Alaska claims located in the Fairbanks Recording District, Alaska
| No. |
Claim Name |
Acres | Township | Range | Section | Meridian |
ADL_# | |||||||
| 1 |
Lad 1 | 160 | 18N | 15E | 3 | Copper River | 666952 | |||||||
| 2 |
Lad 2 | 160 | 18N | 15E | 2 | Copper River | 666953 | |||||||
| 3 |
Lad 3 | 160 | 18N | 15E | 10 | Copper River | 666954 | |||||||
| 4 |
Lad 4 | 160 | 18N | 15E | 11 | Copper River | 666955 |
TOK CLAIMS
TETLIN PROJECT, ALASKA
All State of Alaska claims located in the Fairbanks Recording District, Alaska
| No. |
Claim Name |
Acres | Township | Range | Section | Meridian |
ADL # | |||||||
| 1 |
TOK 1 | 40 | 16N | 13E | 9 | Copper River | 614253 | |||||||
| 2 |
TOK 2 | 40 | 16N | 13E | 9 | Copper River | 614254 | |||||||
| 3 |
TOK 3 | 40 | 16N | 13E | 9 | Copper River | 614255 | |||||||
| 4 |
TOK 4 | 40 | 16N | 13E | 9 | Copper River | 614256 | |||||||
| 5 |
TOK 5 | 160 | 16N | 13E | 8 | Copper River | 614257 | |||||||
| 6 |
TOK 6 | 160 | 16N | 13E | 9 | Copper River | 614258 | |||||||
| 7 |
TOK 7 | 40 | 16N | 13E | 9 | Copper River | 614259 | |||||||
| 8 |
TOK 8 | 40 | 16N | 13E | 9 | Copper River | 614260 | |||||||
| 9 |
TOK 9 | 40 | 16N | 13E | 9 | Copper River | 614261 | |||||||
| 10 |
TOK 10 | 40 | 16N | 13E | 9 | Copper River | 614262 | |||||||
| 11 |
TOK 11 | 40 | 16N | 13E | 10 | Copper River | 614263 | |||||||
| 12 |
TOK 12 | 40 | 16N | 13E | 10 | Copper River | 614264 | |||||||
| 13 |
TOK 13 | 160 | 16N | 12E | 13 | Copper River | 614265 |
21
| No. |
Claim Name |
Acres | Township | Range | Section | Meridian |
ADL # | |||||||
| 14 |
TOK 14 | 160 | 16N | 13E | 18 | Copper River | 614266 | |||||||
| 15 |
TOK 15 | 160 | 16N | 13E | 18 | Copper River | 614267 | |||||||
| 16 |
TOK 16 | 160 | 16N | 13E | 17 | Copper River | 614268 | |||||||
| 17 |
TOK 17 | 160 | 16N | 13E | 17 | Copper River | 614269 | |||||||
| 18 |
TOK 18 | 160 | 16N | 13E | 16 | Copper River | 614270 | |||||||
| 19 |
TOK 19 | 40 | 16N | 13E | 16 | Copper River | 614271 | |||||||
| 20 |
TOK 20 | 40 | 16N | 13E | 16 | Copper River | 614272 | |||||||
| 21 |
TOK 21 | 40 | 16N | 13E | 15 | Copper River | 614273 | |||||||
| 22 |
TOK 22 | 40 | 16N | 13E | 16 | Copper River | 614274 | |||||||
| 23 |
TOK 23 | 40 | 16N | 13E | 16 | Copper River | 614275 | |||||||
| 24 |
TOK 24 | 40 | 16N | 13E | 15 | Copper River | 614276 | |||||||
| 25 |
TOK 25 | 160 | 16N | 12E | 14 | Copper River | 614277 | |||||||
| 26 |
TOK 26 | 160 | 16N | 12E | 13 | Copper River | 614278 | |||||||
| 27 |
TOK 27 | 160 | 16N | 12E | 13 | Copper River | 614279 | |||||||
| 28 |
TOK 28 | 160 | 16N | 13E | 18 | Copper River | 614280 | |||||||
| 29 |
TOK 29 | 160 | 16N | 13E | 18 | Copper River | 614281 | |||||||
| 30 |
TOK 30 | 160 | 16N | 13E | 17 | Copper River | 614282 | |||||||
| 31 |
TOK 31 | 160 | 16N | 13E | 17 | Copper River | 614283 | |||||||
| 32 |
TOK 32 | 160 | 16N | 13E | 16 | Copper River | 614284 | |||||||
| 33 |
TOK 33 | 40 | 16N | 13E | 16 | Copper River | 614285 | |||||||
| 34 |
TOK 34 | 40 | 16N | 13E | 16 | Copper River | 614286 | |||||||
| 35 |
TOK 35 | 160 | 16N | 12E | 23 | Copper River | 614287 | |||||||
| 36 |
TOK 36 | 160 | 16N | 12E | 23 | Copper River | 614288 | |||||||
| 37 |
TOK 37 | 160 | 16N | 12E | 24 | Copper River | 614289 | |||||||
| 38 |
TOK 38 | 160 | 16N | 12E | 24 | Copper River | 614290 | |||||||
| 39 |
TOK 39 | 160 | 16N | 13E | 19 | Copper River | 614291 | |||||||
| 40 |
TOK 40 | 160 | 16N | 13E | 19 | Copper River | 614292 | |||||||
| 41 |
TOK 41 | 160 | 16N | 13E | 20 | Copper River | 614293 | |||||||
| 42 |
TOK 42 | 160 | 16N | 13E | 20 | Copper River | 614294 | |||||||
| 43 |
TOK 43 | 40 | 16N | 13E | 21 | Copper River | 614295 | |||||||
| 44 |
TOK 44 | 40 | 16N | 13E | 21 | Copper River | 614296 | |||||||
| 45 |
TOK 45 | 40 | 16N | 13E | 21 | Copper River | 614297 | |||||||
| 46 |
TOK 46 | 40 | 16N | 13E | 21 | Copper River | 614298 | |||||||
| 47 |
TOK 47 | 160 | 16N | 12E | 22 | Copper River | 614299 | |||||||
| 48 |
TOK 48 | 160 | 16N | 12E | 23 | Copper River | 614300 | |||||||
| 49 |
TOK 49 | 160 | 16N | 12E | 23 | Copper River | 614301 | |||||||
| 50 |
TOK 50 | 160 | 16N | 12E | 24 | Copper River | 614302 | |||||||
| 51 |
TOK 51 | 160 | 16N | 12E | 24 | Copper River | 614303 | |||||||
| 52 |
TOK 52 | 160 | 16N | 13E | 19 | Copper River | 614304 | |||||||
| 53 |
TOK 53 | 160 | 16N | 13E | 19 | Copper River | 614305 | |||||||
| 54 |
TOK 54 | 160 | 16N | 13E | 20 | Copper River | 614306 | |||||||
| 55 |
TOK 55 | 160 | 16N | 13E | 20 | Copper River | 614307 | |||||||
| 56 |
TOK 56 | 40 | 16N | 13E | 21 | Copper River | 614308 | |||||||
| 57 |
TOK 57 | 40 | 16N | 13E | 21 | Copper River | 614309 | |||||||
| 58 |
TOK 58 | 40 | 16N | 13E | 21 | Copper River | 614310 | |||||||
| 59 |
TOK 59 | 40 | 16N | 13E | 21 | Copper River | 614311 | |||||||
| 60 |
TOK 60 | 40 | 16N | 13E | 21 | Copper River | 614312 | |||||||
| 61 |
TOK 61 | 160 | 16N | 12E | 27 | Copper River | 614313 | |||||||
| 62 |
TOK 62 | 160 | 16N | 12E | 27 | Copper River | 614314 | |||||||
| 63 |
TOK 63 | 160 | 16N | 12E | 26 | Copper River | 614315 | |||||||
| 64 |
TOK 64 | 160 | 16N | 12E | 26 | Copper River | 614316 |
22
| No. |
Claim Name |
Acres | Township | Range | Section | Meridian |
ADL # | |||||||
| 65 |
TOK 65 | 160 | 16N | 12E | 25 | Copper River | 614317 | |||||||
| 66 |
TOK 66 | 40 | 16N | 12E | 25 | Copper River | 614318 | |||||||
| 67 |
TOK 67 | 40 | 16N | 12E | 25 | Copper River | 614319 | |||||||
| 68 |
TOK 68 | 40 | 16N | 12E | 25 | Copper River | 614320 | |||||||
| 69 |
TOK 69 | 40 | 16N | 12E | 25 | Copper River | 614321 | |||||||
| 70 |
TOK 70 | 40 | 16N | 13E | 30 | Copper River | 614322 | |||||||
| 71 |
TOK 71 | 40 | 16N | 13E | 30 | Copper River | 614323 | |||||||
| 72 |
TOK 72 | 40 | 16N | 13E | 30 | Copper River | 614324 | |||||||
| 73 |
TOK 73 | 40 | 16N | 13E | 30 | Copper River | 614325 | |||||||
| 74 |
TOK 74 | 160 | 16N | 13E | 30 | Copper River | 614326 | |||||||
| 75 |
TOK 75 | 160 | 16N | 13E | 29 | Copper River | 614327 | |||||||
| 76 |
TOK 76 | 160 | 16N | 13E | 29 | Copper River | 614328 | |||||||
| 77 |
TOK 77 | 40 | 16N | 13E | 28 | Copper River | 614329 | |||||||
| 78 |
TOK 78 | 40 | 16N | 13E | 28 | Copper River | 614330 | |||||||
| 79 |
TOK 79 | 40 | 16N | 13E | 28 | Copper River | 614331 | |||||||
| 80 |
TOK 80 | 40 | 16N | 13E | 28 | Copper River | 614332 | |||||||
| 81 |
TOK 81 | 40 | 16N | 13E | 28 | Copper River | 614333 | |||||||
| 82 |
TOK 82 | 40 | 16N | 13E | 28 | Copper River | 614334 | |||||||
| 83 |
TOK 83 | 160 | 16N | 12E | 28 | Copper River | 614335 | |||||||
| 84 |
TOK 84 | 160 | 16N | 12E | 27 | Copper River | 614336 | |||||||
| 85 |
TOK 85 | 160 | 16N | 12E | 27 | Copper River | 614337 | |||||||
| 86 |
TOK 86 | 160 | 16N | 12E | 26 | Copper River | 614338 | |||||||
| 87 |
TOK 87 | 160 | 16N | 12E | 26 | Copper River | 614339 | |||||||
| 88 |
TOK 88 | 160 | 16N | 12E | 25 | Copper River | 614340 | |||||||
| 89 |
TOK 89 | 40 | 16N | 12E | 25 | Copper River | 614341 | |||||||
| 90 |
TOK 90 | 40 | 16N | 12E | 25 | Copper River | 614342 | |||||||
| 91 |
TOK 91 | 40 | 16N | 13E | 29 | Copper River | 614343 | |||||||
| 92 |
TOK 92 | 40 | 16N | 13E | 29 | Copper River | 614344 | |||||||
| 93 |
TOK 93 | 40 | 16N | 13E | 29 | Copper River | 614345 | |||||||
| 94 |
TOK 94 | 40 | 16N | 13E | 29 | Copper River | 614346 | |||||||
| 95 |
TOK 95 | 40 | 16N | 13E | 28 | Copper River | 614347 | |||||||
| 96 |
TOK 96 | 160 | 16N | 12E | 33 | Copper River | 614348 | |||||||
| 97 |
TOK 97 | 160 | 16N | 12E | 33 | Copper River | 614349 | |||||||
| 98 |
TOK 98 | 160 | 16N | 12E | 34 | Copper River | 614350 | |||||||
| 99 |
TOK 99 | 40 | 16N | 12E | 34 | Copper River | 614351 | |||||||
| 100 |
TOK 100 | 40 | 16N | 12E | 34 | Copper River | 614352 | |||||||
| 101 |
TOK 101 | 40 | 16N | 12E | 34 | Copper River | 614353 | |||||||
| 102 |
TOK 102 | 40 | 16N | 12E | 34 | Copper River | 614354 | |||||||
| 103 |
TOK 103 | 40 | 16N | 12E | 35 | Copper River | 614355 | |||||||
| 104 |
TOK 104 | 40 | 16N | 12E | 35 | Copper River | 614356 | |||||||
| 105 |
TOK 105 | 40 | 16N | 12E | 35 | Copper River | 614357 | |||||||
| 106 |
TOK 106 | 40 | 16N | 12E | 35 | Copper River | 614358 | |||||||
| 107 |
TOK 107 | 40 | 16N | 12E | 35 | Copper River | 614359 | |||||||
| 108 |
TOK 108 | 40 | 16N | 12E | 35 | Copper River | 614360 | |||||||
| 109 |
TOK 109 | 40 | 16N | 12E | 35 | Copper River | 614361 | |||||||
| 110 |
TOK 110 | 40 | 16N | 12E | 36 | Copper River | 614362 | |||||||
| 111 |
TOK 111 | 40 | 16N | 12E | 36 | Copper River | 614363 | |||||||
| 112 |
TOK 112 | 40 | 16N | 12E | 36 | Copper River | 614364 | |||||||
| 113 |
TOK 113 | 40 | 16N | 12E | 36 | Copper River | 614365 | |||||||
| 114 |
TOK 114 | 160 | 16N | 12E | 32 | Copper River | 614366 | |||||||
| 115 |
TOK 115 | 160 | 16N | 12E | 32 | Copper River | 614367 |
23
| No. |
Claim Name |
Acres | Township | Range | Section | Meridian |
ADL # | |||||||
| 116 |
TOK 116 | 160 | 16N | 12E | 33 | Copper River | 614368 | |||||||
| 117 |
TOK 117 | 160 | 16N | 12E | 33 | Copper River | 614369 | |||||||
| 118 |
TOK 118 | 40 | 16N | 12E | 34 | Copper River | 614370 | |||||||
| 119 |
TOK 119 | 40 | 16N | 12E | 34 | Copper River | 614371 | |||||||
| 120 |
TOK 120 | 40 | 16N | 12E | 34 | Copper River | 614372 | |||||||
| 121 |
TOK 121 | 40 | 16N | 12E | 34 | Copper River | 614373 | |||||||
| 122 |
TOK 122 | 40 | 16N | 12E | 34 | Copper River | 614374 |
REE Mining Claims
Our State of Alaska and Federal mining claims for rare earth elements are set forth in the tables below.
ALT CLAIMS
ALATNA PROJECT, ALASKA
All State of Alaska claims located in the Fairbanks Recording District, Wiseman Quadrangle, Alaska
| No. |
Claim Name |
Acres | Township | Range | Section | Meridian |
ADL_# | |||||||
| 1 |
ALT 1 | 160 | 28N | 23W | 5 | Fairbanks | 701674 | |||||||
| 2 |
ALT 2 | 160 | 28N | 23W | 5 | Fairbanks | 701675 | |||||||
| 3 |
ALT 3 | 160 | 28N | 23W | 4 | Fairbanks | 701676 | |||||||
| 4 |
ALT 4 | 160 | 28N | 23W | 4 | Fairbanks | 701677 | |||||||
| 5 |
ALT 5 | 160 | 28N | 23W | 3 | Fairbanks | 701678 | |||||||
| 6 |
ALT 6 | 160 | 28N | 23W | 3 | Fairbanks | 701679 | |||||||
| 7 |
ALT 7 | 160 | 28N | 23W | 2 | Fairbanks | 701680 | |||||||
| 8 |
ALT 8 | 160 | 28N | 23W | 8 | Fairbanks | 701681 | |||||||
| 9 |
ALT 9 | 160 | 28N | 23W | 8 | Fairbanks | 701682 | |||||||
| 10 |
ALT 10 | 160 | 28N | 23W | 9 | Fairbanks | 701683 | |||||||
| 11 |
ALT 11 | 160 | 28N | 23W | 9 | Fairbanks | 701684 | |||||||
| 12 |
ALT 12 | 160 | 28N | 23W | 10 | Fairbanks | 701685 | |||||||
| 13 |
ALT 13 | 160 | 28N | 23W | 10 | Fairbanks | 701686 | |||||||
| 14 |
ALT 14 | 160 | 28N | 23W | 11 | Fairbanks | 701687 | |||||||
| 15 |
ALT 15 | 160 | 28N | 23W | 8 | Fairbanks | 701688 | |||||||
| 16 |
ALT 16 | 160 | 28N | 23W | 8 | Fairbanks | 701689 | |||||||
| 17 |
ALT 17 | 160 | 28N | 23W | 9 | Fairbanks | 701690 | |||||||
| 18 |
ALT 18 | 160 | 28N | 23W | 9 | Fairbanks | 701691 | |||||||
| 19 |
ALT 19 | 160 | 28N | 23W | 10 | Fairbanks | 701692 | |||||||
| 20 |
ALT 20 | 160 | 28N | 23W | 10 | Fairbanks | 701693 | |||||||
| 21 |
ALT 21 | 160 | 28N | 23W | 11 | Fairbanks | 701694 | |||||||
| 22 |
ALT 22 | 160 | 28N | 23W | 17 | Fairbanks | 701695 | |||||||
| 23 |
ALT 23 | 160 | 28N | 23W | 17 | Fairbanks | 701696 | |||||||
| 24 |
ALT 24 | 160 | 28N | 23W | 16 | Fairbanks | 701697 | |||||||
| 25 |
ALT 25 | 160 | 28N | 23W | 16 | Fairbanks | 701698 | |||||||
| 26 |
ALT 26 | 160 | 28N | 23W | 15 | Fairbanks | 701699 | |||||||
| 27 |
ALT 27 | 160 | 28N | 23W | 15 | Fairbanks | 701700 | |||||||
| 28 |
ALT 28 | 160 | 28N | 23W | 14 | Fairbanks | 701701 | |||||||
| 29 |
ALT 29 | 160 | 28N | 23W | 17 | Fairbanks | 701702 | |||||||
| 30 |
ALT 30 | 160 | 28N | 23W | 17 | Fairbanks | 701703 | |||||||
| 31 |
ALT 31 | 160 | 28N | 23W | 16 | Fairbanks | 701704 | |||||||
| 32 |
ALT 32 | 160 | 28N | 23W | 16 | Fairbanks | 701705 | |||||||
| 33 |
ALT 33 | 160 | 28N | 23W | 15 | Fairbanks | 701706 |
24
| No. |
Claim Name |
Acres | Township | Range | Section | Meridian |
ADL_# | |||||||
| 34 |
ALT 34 | 160 | 28N | 23W | 15 | Fairbanks | 701707 | |||||||
| 35 |
ALT 35 | 160 | 28N | 23W | 14 | Fairbanks | 701708 | |||||||
| 36 |
ALT 36 | 160 | 28N | 23W | 20 | Fairbanks | 701709 | |||||||
| 37 |
ALT 37 | 160 | 28N | 23W | 20 | Fairbanks | 701710 | |||||||
| 38 |
ALT 38 | 160 | 28N | 23W | 21 | Fairbanks | 701711 | |||||||
| 39 |
ALT 39 | 160 | 28N | 23W | 21 | Fairbanks | 701712 | |||||||
| 40 |
ALT 40 | 160 | 28N | 23W | 22 | Fairbanks | 701713 | |||||||
| 41 |
ALT 41 | 160 | 28N | 23W | 22 | Fairbanks | 701714 | |||||||
| 42 |
ALT 42 | 160 | 28N | 23W | 23 | Fairbanks | 701715 | |||||||
| 43 |
ALT 43 | 160 | 28N | 24W | 33 | Fairbanks | 701716 | |||||||
| 44 |
ALT 44 | 160 | 28N | 24W | 33 | Fairbanks | 701717 | |||||||
| 45 |
ALT 45 | 160 | 28N | 24W | 34 | Fairbanks | 701718 | |||||||
| 46 |
ALT 46 | 160 | 28N | 24W | 34 | Fairbanks | 701719 | |||||||
| 47 |
ALT 47 | 160 | 28N | 24W | 35 | Fairbanks | 701720 | |||||||
| 48 |
ALT 48 | 160 | 28N | 24W | 35 | Fairbanks | 701721 | |||||||
| 49 |
ALT 49 | 160 | 28N | 24W | 36 | Fairbanks | 701722 | |||||||
| 50 |
ALT 50 | 160 | 27N | 25W | 2 | Fairbanks | 701723 | |||||||
| 51 |
ALT 51 | 160 | 27N | 25W | 2 | Fairbanks | 701724 | |||||||
| 52 |
ALT 52 | 160 | 27N | 25W | 1 | Fairbanks | 701725 | |||||||
| 53 |
ALT 53 | 160 | 27N | 25W | 1 | Fairbanks | 701726 | |||||||
| 54 |
ALT 54 | 160 | 27N | 24W | 6 | Fairbanks | 701727 | |||||||
| 55 |
ALT 55 | 160 | 27N | 24W | 6 | Fairbanks | 701728 | |||||||
| 56 |
ALT 56 | 160 | 27N | 24W | 5 | Fairbanks | 701729 | |||||||
| 57 |
ALT 57 | 160 | 27N | 24W | 5 | Fairbanks | 701730 | |||||||
| 58 |
ALT 58 | 160 | 27N | 24W | 4 | Fairbanks | 701731 | |||||||
| 59 |
ALT 59 | 160 | 27N | 24W | 4 | Fairbanks | 701732 | |||||||
| 60 |
ALT 60 | 160 | 27N | 24W | 3 | Fairbanks | 701733 | |||||||
| 61 |
ALT 61 | 160 | 27N | 24W | 3 | Fairbanks | 701734 | |||||||
| 62 |
ALT 62 | 160 | 27N | 24W | 2 | Fairbanks | 701735 | |||||||
| 63 |
ALT 63 | 160 | 27N | 24W | 2 | Fairbanks | 701736 | |||||||
| 64 |
ALT 64 | 160 | 27N | 24W | 1 | Fairbanks | 701737 | |||||||
| 65 |
ALT 65 | 160 | 27N | 25W | 2 | Fairbanks | 701738 | |||||||
| 66 |
ALT 66 | 160 | 27N | 25W | 2 | Fairbanks | 701739 | |||||||
| 67 |
ALT 67 | 160 | 27N | 25W | 1 | Fairbanks | 701740 | |||||||
| 68 |
ALT 68 | 160 | 27N | 24W | 6 | Fairbanks | 701741 | |||||||
| 69 |
ALT 69 | 160 | 27N | 24W | 5 | Fairbanks | 701742 | |||||||
| 70 |
ALT 70 | 160 | 27N | 24W | 5 | Fairbanks | 701743 | |||||||
| 71 |
ALT 71 | 160 | 27N | 24W | 4 | Fairbanks | 701744 | |||||||
| 72 |
ALT 72 | 160 | 27N | 24W | 4 | Fairbanks | 701745 | |||||||
| 73 |
ALT 73 | 160 | 27N | 24W | 3 | Fairbanks | 701746 | |||||||
| 74 |
ALT 74 | 160 | 27N | 24W | 3 | Fairbanks | 701747 | |||||||
| 75 |
ALT 75 | 160 | 27N | 24W | 2 | Fairbanks | 701748 | |||||||
| 76 |
ALT 76 | 160 | 27N | 24W | 2 | Fairbanks | 701749 | |||||||
| 77 |
ALT 77 | 160 | 27N | 24W | 1 | Fairbanks | 701750 | |||||||
| 78 |
ALT 78 | 160 | 27N | 25W | 11 | Fairbanks | 701751 | |||||||
| 79 |
ALT 79 | 160 | 27N | 25W | 11 | Fairbanks | 701752 | |||||||
| 80 |
ALT 80 | 160 | 27N | 25W | 12 | Fairbanks | 701753 | |||||||
| 81 |
ALT 81 | 160 | 27N | 24W | 9 | Fairbanks | 701754 | |||||||
| 82 |
ALT 82 | 160 | 27N | 24W | 10 | Fairbanks | 701755 | |||||||
| 83 |
ALT 83 | 160 | 27N | 24W | 10 | Fairbanks | 701756 | |||||||
| 84 |
ALT 84 | 160 | 27N | 24W | 11 | Fairbanks | 701757 |
25
| No. |
Claim Name |
Acres | Township | Range | Section | Meridian |
ADL_# | |||||||
| 85 |
ALT 85 | 160 | 27N | 24W | 11 | Fairbanks | 701758 | |||||||
| 86 |
ALT 86 | 160 | 27N | 24W | 12 | Fairbanks | 701759 | |||||||
| 87 |
ALT 87 | 160 | 27N | 24W | 10 | Fairbanks | 701760 | |||||||
| 88 |
ALT 88 | 160 | 27N | 24W | 10 | Fairbanks | 701761 | |||||||
| 89 |
ALT 89 | 160 | 27N | 24W | 11 | Fairbanks | 701762 | |||||||
| 90 |
ALT 90 | 160 | 27N | 24W | 11 | Fairbanks | 701763 | |||||||
| 91 |
ALT 91 | 160 | 27N | 24W | 12 | Fairbanks | 701764 | |||||||
| 92 |
ALT 92 | 160 | 21N | 26E | 16 | Kateel River | 701765 | |||||||
| 93 |
ALT 93 | 160 | 21N | 26E | 16 | Kateel River | 701766 | |||||||
| 94 |
ALT 94 | 160 | 21N | 26E | 15 | Kateel River | 701767 | |||||||
| 95 |
ALT 95 | 160 | 21N | 26E | 15 | Kateel River | 701768 | |||||||
| 96 |
ALT 96 | 160 | 21N | 26E | 14 | Kateel River | 701769 | |||||||
| 97 |
ALT 97 | 160 | 21N | 26E | 14 | Kateel River | 701770 | |||||||
| 98 |
ALT 98 | 160 | 21N | 26E | 21 | Kateel River | 701771 | |||||||
| 99 |
ALT 99 | 160 | 21N | 26E | 21 | Kateel River | 701772 | |||||||
| 100 |
ALT 100 | 160 | 21N | 26E | 22 | Kateel River | 701773 | |||||||
| 101 |
ALT 101 | 160 | 21N | 26E | 22 | Kateel River | 701774 | |||||||
| 102 |
ALT 102 | 160 | 21N | 26E | 23 | Kateel River | 701775 | |||||||
| 103 |
ALT 103 | 160 | 21N | 26E | 23 | Kateel River | 701776 | |||||||
| 104 |
ALT 104 | 160 | 21N | 26E | 21 | Kateel River | 701777 | |||||||
| 105 |
ALT 105 | 160 | 21N | 26E | 21 | Kateel River | 701778 | |||||||
| 106 |
ALT 106 | 160 | 21N | 26E | 22 | Kateel River | 701779 | |||||||
| 107 |
ALT 107 | 160 | 21N | 26E | 22 | Kateel River | 701780 | |||||||
| 108 |
ALT 108 | 160 | 21N | 26E | 23 | Kateel River | 701781 | |||||||
| 109 |
ALT 109 | 160 | 21N | 26E | 23 | Kateel River | 701782 | |||||||
| 110 |
ALT 110 | 160 | 21N | 26E | 28 | Kateel River | 701783 | |||||||
| 111 |
ALT 111 | 160 | 21N | 26E | 28 | Kateel River | 701784 | |||||||
| 112 |
ALT 112 | 160 | 21N | 26E | 27 | Kateel River | 701785 | |||||||
| 113 |
ALT 113 | 160 | 21N | 26E | 27 | Kateel River | 701786 | |||||||
| 114 |
ALT 114 | 160 | 21N | 26E | 26 | Kateel River | 701787 | |||||||
| 115 |
ALT 115 | 160 | 21N | 26E | 26 | Kateel River | 701788 | |||||||
| 116 |
ALT 116 | 160 | 21N | 26E | 28 | Kateel River | 701789 | |||||||
| 117 |
ALT 117 | 160 | 21N | 26E | 28 | Kateel River | 701790 | |||||||
| 118 |
ALT 118 | 160 | 21N | 26E | 27 | Kateel River | 701791 | |||||||
| 119 |
ALT 119 | 160 | 21N | 26E | 27 | Kateel River | 701792 | |||||||
| 120 |
ALT 120 | 160 | 21N | 26E | 26 | Kateel River | 701793 | |||||||
| 121 |
ALT 121 | 160 | 21N | 26E | 26 | Kateel River | 701794 | |||||||
| 122 |
ALT 122 | 160 | 21N | 26E | 33 | Kateel River | 701795 | |||||||
| 123 |
ALT 123 | 160 | 21N | 26E | 33 | Kateel River | 701796 | |||||||
| 124 |
ALT 124 | 160 | 21N | 26E | 34 | Kateel River | 701797 | |||||||
| 125 |
ALT 125 | 160 | 21N | 26E | 34 | Kateel River | 701798 | |||||||
| 126 |
ALT 126 | 160 | 21N | 26E | 35 | Kateel River | 701799 | |||||||
| 127 |
ALT 127 | 160 | 21N | 26E | 35 | Kateel River | 701800 |
26
SPK CLAIMS
SPOOKY PROJECT, ALASKA
All State of Alaska claims located in the Fort Gibbon and Rampart Recording Districts,
Tanana Quadrangle, Alaska
| No. |
Claim Name |
Acres | Township | Range | Section | Meridian |
ADL # | |||||||
| 1 |
SPK 1 | 160 | 11N | 18W | 27 | Fairbanks | 615106 | |||||||
| 2 |
SPK 2 | 160 | 11N | 18W | 27 | Fairbanks | 615107 | |||||||
| 3 |
SPK 3 | 160 | 11N | 18W | 26 | Fairbanks | 615108 | |||||||
| 4 |
SPK 4 | 160 | 11N | 18W | 26 | Fairbanks | 615109 | |||||||
| 5 |
SPK 5 | 160 | 11N | 18W | 25 | Fairbanks | 615110 | |||||||
| 6 |
SPK 6 | 160 | 11N | 18W | 25 | Fairbanks | 615111 | |||||||
| 7 |
SPK 7 | 160 | 11N | 17W | 30 | Fairbanks | 615112 | |||||||
| 8 |
SPK 8 | 160 | 11N | 17W | 30 | Fairbanks | 615113 | |||||||
| 9 |
SPK 9 | 160 | 11N | 17W | 29 | Fairbanks | 615114 | |||||||
| 10 |
SPK 10 | 160 | 11N | 17W | 29 | Fairbanks | 615115 | |||||||
| 11 |
SPK 11 | 160 | 11N | 17W | 28 | Fairbanks | 615116 | |||||||
| 12 |
SPK 12 | 160 | 11N | 17W | 28 | Fairbanks | 615117 | |||||||
| 13 |
SPK 13 | 160 | 11N | 18W | 27 | Fairbanks | 615118 | |||||||
| 14 |
SPK 14 | 160 | 11N | 18W | 27 | Fairbanks | 615119 | |||||||
| 15 |
SPK 15 | 160 | 11N | 18W | 26 | Fairbanks | 615120 | |||||||
| 16 |
SPK 16 | 160 | 11N | 18W | 26 | Fairbanks | 615121 | |||||||
| 17 |
SPK 17 | 160 | 11N | 18W | 25 | Fairbanks | 615122 | |||||||
| 18 |
SPK 18 | 160 | 11N | 18W | 25 | Fairbanks | 615123 | |||||||
| 19 |
SPK 19 | 160 | 11N | 17W | 30 | Fairbanks | 615124 | |||||||
| 20 |
SPK 20 | 160 | 11N | 17W | 30 | Fairbanks | 615125 | |||||||
| 21 |
SPK 21 | 160 | 11N | 17W | 29 | Fairbanks | 615126 | |||||||
| 22 |
SPK 22 | 160 | 11N | 17W | 29 | Fairbanks | 615127 | |||||||
| 23 |
SPK 23 | 160 | 11N | 17W | 28 | Fairbanks | 615128 | |||||||
| 24 |
SPK 24 | 160 | 11N | 17W | 28 | Fairbanks | 615129 | |||||||
| 25 |
SPK 25 | 160 | 11N | 18W | 32 | Fairbanks | 615130 | |||||||
| 26 |
SPK 26 | 160 | 11N | 18W | 32 | Fairbanks | 615131 | |||||||
| 27 |
SPK 27 | 160 | 11N | 18W | 33 | Fairbanks | 615132 | |||||||
| 28 |
SPK 28 | 160 | 11N | 18W | 33 | Fairbanks | 615133 | |||||||
| 29 |
SPK 29 | 160 | 11N | 18W | 34 | Fairbanks | 615134 | |||||||
| 30 |
SPK 30 | 160 | 11N | 18W | 34 | Fairbanks | 615135 | |||||||
| 31 |
SPK 31 | 160 | 11N | 18W | 35 | Fairbanks | 615136 | |||||||
| 32 |
SPK 32 | 160 | 11N | 18W | 35 | Fairbanks | 615137 | |||||||
| 33 |
SPK 33 | 160 | 11N | 18W | 36 | Fairbanks | 615138 | |||||||
| 34 |
SPK 34 | 160 | 11N | 18W | 36 | Fairbanks | 615139 | |||||||
| 35 |
SPK 35 | 160 | 11N | 17W | 31 | Fairbanks | 615140 | |||||||
| 36 |
SPK 36 | 160 | 11N | 17W | 31 | Fairbanks | 615141 | |||||||
| 37 |
SPK 37 | 160 | 11N | 17W | 32 | Fairbanks | 615142 | |||||||
| 38 |
SPK 38 | 160 | 11N | 17W | 32 | Fairbanks | 615143 | |||||||
| 39 |
SPK 39 | 160 | 11N | 17W | 33 | Fairbanks | 615144 | |||||||
| 40 |
SPK 40 | 160 | 11N | 17W | 33 | Fairbanks | 615145 | |||||||
| 41 |
SPK 41 | 160 | 11N | 17W | 34 | Fairbanks | 615146 | |||||||
| 42 |
SPK 42 | 160 | 11N | 18W | 32 | Fairbanks | 615147 | |||||||
| 43 |
SPK 43 | 160 | 11N | 18W | 32 | Fairbanks | 615148 | |||||||
| 44 |
SPK 44 | 160 | 11N | 18W | 33 | Fairbanks | 615149 | |||||||
| 45 |
SPK 45 | 160 | 11N | 18W | 33 | Fairbanks | 615150 | |||||||
| 46 |
SPK 46 | 160 | 11N | 18W | 34 | Fairbanks | 615151 |
27
| No. |
Claim Name |
Acres | Township | Range | Section | Meridian |
ADL # | |||||||
| 47 |
SPK 47 | 160 | 11N | 18W | 34 | Fairbanks | 615152 | |||||||
| 48 |
SPK 48 | 160 | 11N | 18W | 35 | Fairbanks | 615153 | |||||||
| 49 |
SPK 49 | 160 | 11N | 18W | 35 | Fairbanks | 615154 | |||||||
| 50 |
SPK 50 | 160 | 11N | 18W | 36 | Fairbanks | 615155 | |||||||
| 51 |
SPK 51 | 160 | 11N | 18W | 36 | Fairbanks | 615156 | |||||||
| 52 |
SPK 52 | 160 | 11N | 17W | 31 | Fairbanks | 615157 | |||||||
| 53 |
SPK 53 | 160 | 11N | 17W | 31 | Fairbanks | 615158 | |||||||
| 54 |
SPK 54 | 160 | 11N | 17W | 32 | Fairbanks | 615159 | |||||||
| 55 |
SPK 55 | 160 | 11N | 17W | 32 | Fairbanks | 615160 | |||||||
| 56 |
SPK 56 | 160 | 11N | 17W | 33 | Fairbanks | 615161 | |||||||
| 57 |
SPK 57 | 160 | 11N | 17W | 33 | Fairbanks | 615162 | |||||||
| 58 |
SPK 58 | 160 | 11N | 17W | 34 | Fairbanks | 615163 | |||||||
| 59 |
SPK 59 | 160 | 10N | 18W | 5 | Fairbanks | 615164 | |||||||
| 60 |
SPK 60 | 160 | 10N | 18W | 5 | Fairbanks | 615165 | |||||||
| 61 |
SPK 61 | 160 | 10N | 18W | 4 | Fairbanks | 615166 | |||||||
| 62 |
SPK 62 | 160 | 10N | 18W | 4 | Fairbanks | 615167 | |||||||
| 63 |
SPK 63 | 160 | 10N | 18W | 3 | Fairbanks | 615168 | |||||||
| 64 |
SPK 64 | 160 | 10N | 18W | 3 | Fairbanks | 615169 | |||||||
| 65 |
SPK 65 | 160 | 10N | 18W | 2 | Fairbanks | 615170 | |||||||
| 66 |
SPK 66 | 160 | 10N | 18W | 2 | Fairbanks | 615171 | |||||||
| 67 |
SPK 67 | 160 | 10N | 18W | 1 | Fairbanks | 615172 | |||||||
| 68 |
SPK 68 | 160 | 10N | 18W | 1 | Fairbanks | 615173 | |||||||
| 69 |
SPK 69 | 160 | 10N | 17W | 6 | Fairbanks | 615174 | |||||||
| 70 |
SPK 70 | 160 | 10N | 17W | 6 | Fairbanks | 615175 | |||||||
| 71 |
SPK 71 | 160 | 10N | 17W | 5 | Fairbanks | 615176 | |||||||
| 72 |
SPK 72 | 160 | 10N | 17W | 5 | Fairbanks | 615177 | |||||||
| 73 |
SPK 73 | 160 | 10N | 17W | 4 | Fairbanks | 615178 | |||||||
| 74 |
SPK 74 | 160 | 10N | 17W | 4 | Fairbanks | 615179 | |||||||
| 75 |
SPK 75 | 160 | 10N | 17W | 3 | Fairbanks | 615180 | |||||||
| 76 |
SPK 76 | 160 | 10N | 17W | 3 | Fairbanks | 615181 | |||||||
| 77 |
SPK 77 | 160 | 10N | 18W | 5 | Fairbanks | 615182 | |||||||
| 78 |
SPK 78 | 160 | 10N | 18W | 5 | Fairbanks | 615183 | |||||||
| 79 |
SPK 79 | 160 | 10N | 18W | 4 | Fairbanks | 615184 | |||||||
| 80 |
SPK 80 | 160 | 10N | 18W | 4 | Fairbanks | 615185 | |||||||
| 81 |
SPK 81 | 160 | 10N | 18W | 3 | Fairbanks | 615186 | |||||||
| 82 |
SPK 82 | 160 | 10N | 18W | 3 | Fairbanks | 615187 | |||||||
| 83 |
SPK 83 | 160 | 10N | 18W | 2 | Fairbanks | 615188 | |||||||
| 84 |
SPK 84 | 160 | 10N | 18W | 2 | Fairbanks | 615189 | |||||||
| 85 |
SPK 85 | 160 | 10N | 18W | 1 | Fairbanks | 615190 | |||||||
| 86 |
SPK 86 | 160 | 10N | 18W | 1 | Fairbanks | 615191 | |||||||
| 87 |
SPK 87 | 160 | 10N | 17W | 6 | Fairbanks | 615192 | |||||||
| 88 |
SPK 88 | 160 | 10N | 17W | 6 | Fairbanks | 615193 | |||||||
| 89 |
SPK 89 | 160 | 10N | 17W | 5 | Fairbanks | 615194 | |||||||
| 90 |
SPK 90 | 160 | 10N | 17W | 5 | Fairbanks | 615195 | |||||||
| 91 |
SPK 91 | 160 | 10N | 17W | 4 | Fairbanks | 615196 | |||||||
| 92 |
SPK 92 | 160 | 10N | 17W | 4 | Fairbanks | 615197 | |||||||
| 93 |
SPK 93 | 160 | 10N | 17W | 3 | Fairbanks | 615198 | |||||||
| 94 |
SPK 94 | 160 | 10N | 17W | 3 | Fairbanks | 615199 | |||||||
| 95 |
SPK 95 | 160 | 10N | 18W | 8 | Fairbanks | 615200 | |||||||
| 96 |
SPK 96 | 160 | 10N | 18W | 8 | Fairbanks | 615201 | |||||||
| 97 |
SPK 97 | 160 | 10N | 18W | 9 | Fairbanks | 615202 |
28
| No. |
Claim Name |
Acres | Township | Range | Section | Meridian |
ADL # | |||||||
| 98 |
SPK 98 | 160 | 10N | 18W | 9 | Fairbanks | 615203 | |||||||
| 99 |
SPK 99 | 160 | 10N | 18W | 10 | Fairbanks | 615204 | |||||||
| 100 |
SPK 100 | 160 | 10N | 18W | 10 | Fairbanks | 615205 | |||||||
| 101 |
SPK 101 | 160 | 10N | 18W | 11 | Fairbanks | 615206 | |||||||
| 102 |
SPK 102 | 160 | 10N | 18W | 11 | Fairbanks | 615207 | |||||||
| 103 |
SPK 103 | 160 | 10N | 18W | 12 | Fairbanks | 615208 | |||||||
| 104 |
SPK 104 | 160 | 10N | 18W | 12 | Fairbanks | 615209 | |||||||
| 105 |
SPK 105 | 160 | 10N | 17W | 7 | Fairbanks | 615210 | |||||||
| 106 |
SPK 106 | 160 | 10N | 17W | 7 | Fairbanks | 615211 | |||||||
| 107 |
SPK 107 | 160 | 10N | 17W | 8 | Fairbanks | 615212 | |||||||
| 108 |
SPK 108 | 160 | 10N | 17W | 8 | Fairbanks | 615213 | |||||||
| 109 |
SPK 109 | 160 | 10N | 17W | 9 | Fairbanks | 615214 | |||||||
| 110 |
SPK 110 | 160 | 10N | 17W | 9 | Fairbanks | 615215 | |||||||
| 111 |
SPK 111 | 160 | 10N | 17W | 10 | Fairbanks | 615216 | |||||||
| 112 |
SPK 112 | 160 | 10N | 17W | 10 | Fairbanks | 615217 | |||||||
| 113 |
SPK 113 | 160 | 10N | 18W | 8 | Fairbanks | 615218 | |||||||
| 114 |
SPK 114 | 160 | 10N | 18W | 8 | Fairbanks | 615219 | |||||||
| 115 |
SPK 115 | 160 | 10N | 18W | 9 | Fairbanks | 615220 | |||||||
| 116 |
SPK 116 | 160 | 10N | 18W | 9 | Fairbanks | 615221 | |||||||
| 117 |
SPK 117 | 160 | 10N | 18W | 10 | Fairbanks | 615222 | |||||||
| 118 |
SPK 118 | 160 | 10N | 18W | 10 | Fairbanks | 615223 | |||||||
| 119 |
SPK 119 | 160 | 10N | 18W | 11 | Fairbanks | 615224 | |||||||
| 120 |
SPK 120 | 160 | 10N | 18W | 11 | Fairbanks | 615225 | |||||||
| 121 |
SPK 121 | 160 | 10N | 18W | 12 | Fairbanks | 615226 | |||||||
| 122 |
SPK 122 | 160 | 10N | 18W | 12 | Fairbanks | 615227 | |||||||
| 123 |
SPK 123 | 160 | 10N | 17W | 7 | Fairbanks | 615228 | |||||||
| 124 |
SPK 124 | 160 | 10N | 17W | 7 | Fairbanks | 615229 | |||||||
| 125 |
SPK 125 | 160 | 10N | 17W | 8 | Fairbanks | 615230 | |||||||
| 126 |
SPK 126 | 160 | 10N | 17W | 8 | Fairbanks | 615231 | |||||||
| 127 |
SPK 127 | 160 | 10N | 17W | 9 | Fairbanks | 615232 | |||||||
| 128 |
SPK 128 | 160 | 10N | 17W | 9 | Fairbanks | 615233 | |||||||
| 129 |
SPK 129 | 160 | 10N | 17W | 10 | Fairbanks | 615234 | |||||||
| 130 |
SPK 130 | 160 | 10N | 17W | 10 | Fairbanks | 615235 | |||||||
| 131 |
SPK 131 | 160 | 10N | 18W | 17 | Fairbanks | 615236 | |||||||
| 132 |
SPK 132 | 160 | 10N | 18W | 17 | Fairbanks | 615237 | |||||||
| 133 |
SPK 133 | 160 | 10N | 18W | 16 | Fairbanks | 615238 | |||||||
| 134 |
SPK 134 | 160 | 10N | 18W | 16 | Fairbanks | 615239 | |||||||
| 135 |
SPK 135 | 160 | 10N | 18W | 15 | Fairbanks | 615240 | |||||||
| 136 |
SPK 136 | 160 | 10N | 18W | 15 | Fairbanks | 615241 | |||||||
| 137 |
SPK 137 | 160 | 10N | 18W | 14 | Fairbanks | 615242 | |||||||
| 138 |
SPK 138 | 160 | 10N | 18W | 14 | Fairbanks | 615243 | |||||||
| 139 |
SPK 139 | 160 | 10N | 18W | 13 | Fairbanks | 615244 | |||||||
| 140 |
SPK 140 | 160 | 10N | 18W | 13 | Fairbanks | 615245 | |||||||
| 141 |
SPK 141 | 160 | 10N | 17W | 18 | Fairbanks | 615246 | |||||||
| 142 |
SPK 142 | 160 | 10N | 17W | 18 | Fairbanks | 615247 | |||||||
| 143 |
SPK 143 | 160 | 10N | 17W | 17 | Fairbanks | 615248 | |||||||
| 144 |
SPK 144 | 160 | 10N | 17W | 17 | Fairbanks | 615249 | |||||||
| 145 |
SPK 145 | 160 | 10N | 17W | 16 | Fairbanks | 615250 | |||||||
| 146 |
SPK 146 | 160 | 10N | 17W | 16 | Fairbanks | 615251 | |||||||
| 147 |
SPK 147 | 160 | 10N | 17W | 15 | Fairbanks | 615252 | |||||||
| 148 |
SPK 148 | 160 | 10N | 17W | 15 | Fairbanks | 615253 |
29
| No. |
Claim Name |
Acres | Township | Range | Section | Meridian |
ADL # | |||||||
| 149 |
SPK 149 | 160 | 10N | 18W | 17 | Fairbanks | 615254 | |||||||
| 150 |
SPK 150 | 160 | 10N | 18W | 17 | Fairbanks | 615255 | |||||||
| 151 |
SPK 151 | 160 | 10N | 18W | 16 | Fairbanks | 615256 | |||||||
| 152 |
SPK 152 | 160 | 10N | 18W | 16 | Fairbanks | 615257 | |||||||
| 153 |
SPK 153 | 160 | 10N | 18W | 15 | Fairbanks | 615258 | |||||||
| 154 |
SPK 154 | 160 | 10N | 18W | 15 | Fairbanks | 615259 | |||||||
| 155 |
SPK 155 | 160 | 10N | 18W | 14 | Fairbanks | 615260 | |||||||
| 156 |
SPK 156 | 160 | 10N | 18W | 14 | Fairbanks | 615261 | |||||||
| 157 |
SPK 157 | 160 | 10N | 18W | 13 | Fairbanks | 615262 | |||||||
| 158 |
SPK 158 | 160 | 10N | 18W | 13 | Fairbanks | 615263 | |||||||
| 159 |
SPK 159 | 160 | 10N | 17W | 18 | Fairbanks | 615264 | |||||||
| 160 |
SPK 160 | 160 | 10N | 17W | 18 | Fairbanks | 615265 | |||||||
| 161 |
SPK 161 | 160 | 10N | 17W | 17 | Fairbanks | 615266 | |||||||
| 162 |
SPK 162 | 160 | 10N | 17W | 17 | Fairbanks | 615267 | |||||||
| 163 |
SPK 163 | 160 | 10N | 17W | 16 | Fairbanks | 615268 | |||||||
| 164 |
SPK 164 | 160 | 10N | 17W | 16 | Fairbanks | 615269 | |||||||
| 165 |
SPK 165 | 160 | 10N | 17W | 15 | Fairbanks | 615270 | |||||||
| 166 |
SPK 166 | 160 | 10N | 17W | 15 | Fairbanks | 615271 |
WLF CLAIMS
WOLF PROJECT, ALASKA
All State of Alaska claims located in the Fort Gibbon Recording District, Melozitna Quadrangle, Alaska
| No. |
Claim Name |
Acres | Township | Range | Section | Meridian |
ADL # | |||||||
| 1 |
WLF 1 | 160 | 2S | 23E | 7 | Kateel River | 701959 | |||||||
| 2 |
WLF 2 | 160 | 2S | 23E | 7 | Kateel River | 701960 | |||||||
| 3 |
WLF 3 | 160 | 2S | 23E | 8 | Kateel River | 701961 | |||||||
| 4 |
WLF 4 | 160 | 2S | 23E | 8 | Kateel River | 701962 | |||||||
| 5 |
WLF 5 | 160 | 2S | 23E | 9 | Kateel River | 701963 | |||||||
| 6 |
WLF 6 | 160 | 2S | 23E | 9 | Kateel River | 701964 | |||||||
| 7 |
WLF 7 | 160 | 2S | 23E | 10 | Kateel River | 701965 | |||||||
| 8 |
WLF 8 | 160 | 2S | 23E | 10 | Kateel River | 701966 | |||||||
| 9 |
WLF 9 | 160 | 2S | 23E | 11 | Kateel River | 701967 | |||||||
| 10 |
WLF 10 | 160 | 2S | 23E | 11 | Kateel River | 701968 | |||||||
| 11 |
WLF 11 | 160 | 2S | 23E | 12 | Kateel River | 701969 | |||||||
| 12 |
WLF 12 | 160 | 2S | 23E | 12 | Kateel River | 701970 | |||||||
| 13 |
WLF 13 | 160 | 2S | 24E | 7 | Kateel River | 701971 | |||||||
| 14 |
WLF 14 | 160 | 2S | 24E | 7 | Kateel River | 701972 | |||||||
| 15 |
WLF 15 | 160 | 2S | 24E | 8 | Kateel River | 701973 | |||||||
| 16 |
WLF 16 | 160 | 2S | 24E | 8 | Kateel River | 701974 | |||||||
| 17 |
WLF 17 | 160 | 2S | 23E | 7 | Kateel River | 701975 | |||||||
| 18 |
WLF 18 | 160 | 2S | 23E | 7 | Kateel River | 701976 | |||||||
| 19 |
WLF 19 | 160 | 2S | 23E | 8 | Kateel River | 701977 | |||||||
| 20 |
WLF 20 | 160 | 2S | 23E | 8 | Kateel River | 701978 | |||||||
| 21 |
WLF 21 | 160 | 2S | 23E | 9 | Kateel River | 701979 | |||||||
| 22 |
WLF 22 | 160 | 2S | 23E | 9 | Kateel River | 701980 | |||||||
| 23 |
WLF 23 | 160 | 2S | 23E | 10 | Kateel River | 701981 | |||||||
| 24 |
WLF 24 | 160 | 2S | 23E | 10 | Kateel River | 701982 | |||||||
| 25 |
WLF 25 | 160 | 2S | 23E | 11 | Kateel River | 701983 | |||||||
| 26 |
WLF 26 | 160 | 2S | 23E | 11 | Kateel River | 701984 |
30
| No. |
Claim Name |
Acres | Township | Range | Section | Meridian |
ADL # | |||||||
| 27 |
WLF 27 | 160 | 2S | 23E | 12 | Kateel River | 701985 | |||||||
| 28 |
WLF 28 | 160 | 2S | 23E | 12 | Kateel River | 701986 | |||||||
| 29 |
WLF 29 | 160 | 2S | 24E | 7 | Kateel River | 701987 | |||||||
| 30 |
WLF 30 | 160 | 2S | 24E | 7 | Kateel River | 701988 | |||||||
| 31 |
WLF 31 | 160 | 2S | 24E | 8 | Kateel River | 701989 | |||||||
| 32 |
WLF 32 | 160 | 2S | 24E | 8 | Kateel River | 701990 | |||||||
| 33 |
WLF 33 | 160 | 2S | 23E | 18 | Kateel River | 701991 | |||||||
| 34 |
WLF 34 | 160 | 2S | 23E | 18 | Kateel River | 701992 | |||||||
| 35 |
WLF 35 | 160 | 2S | 23E | 17 | Kateel River | 701993 | |||||||
| 36 |
WLF 36 | 160 | 2S | 23E | 17 | Kateel River | 701994 | |||||||
| 37 |
WLF 37 | 160 | 2S | 23E | 16 | Kateel River | 701995 | |||||||
| 38 |
WLF 38 | 160 | 2S | 23E | 16 | Kateel River | 701996 | |||||||
| 39 |
WLF 39 | 160 | 2S | 23E | 15 | Kateel River | 701997 | |||||||
| 40 |
WLF 40 | 160 | 2S | 23E | 15 | Kateel River | 701998 | |||||||
| 41 |
WLF 41 | 160 | 2S | 23E | 14 | Kateel River | 701999 | |||||||
| 42 |
WLF 42 | 160 | 2S | 23E | 14 | Kateel River | 702000 | |||||||
| 43 |
WLF 43 | 160 | 2S | 23E | 13 | Kateel River | 702001 | |||||||
| 44 |
WLF 44 | 160 | 2S | 23E | 13 | Kateel River | 702002 | |||||||
| 45 |
WLF 45 | 160 | 2S | 24E | 18 | Kateel River | 702003 | |||||||
| 46 |
WLF 46 | 160 | 2S | 24E | 18 | Kateel River | 702004 | |||||||
| 47 |
WLF 47 | 160 | 2S | 24E | 17 | Kateel River | 702005 | |||||||
| 48 |
WLF 48 | 160 | 2S | 24E | 17 | Kateel River | 702006 | |||||||
| 49 |
WLF 49 | 160 | 2S | 23E | 18 | Kateel River | 702007 | |||||||
| 50 |
WLF 50 | 160 | 2S | 23E | 18 | Kateel River | 702008 | |||||||
| 51 |
WLF 51 | 160 | 2S | 23E | 17 | Kateel River | 702009 | |||||||
| 52 |
WLF 52 | 160 | 2S | 23E | 17 | Kateel River | 702010 | |||||||
| 53 |
WLF 53 | 160 | 2S | 23E | 16 | Kateel River | 702011 | |||||||
| 54 |
WLF 54 | 160 | 2S | 23E | 16 | Kateel River | 702012 | |||||||
| 55 |
WLF 55 | 160 | 2S | 23E | 15 | Kateel River | 702013 | |||||||
| 56 |
WLF 56 | 160 | 2S | 23E | 15 | Kateel River | 702014 | |||||||
| 57 |
WLF 57 | 160 | 2S | 23E | 14 | Kateel River | 702015 | |||||||
| 58 |
WLF 58 | 160 | 2S | 23E | 14 | Kateel River | 702016 | |||||||
| 59 |
WLF 59 | 160 | 2S | 23E | 13 | Kateel River | 702017 | |||||||
| 60 |
WLF 60 | 160 | 2S | 23E | 13 | Kateel River | 702018 | |||||||
| 61 |
WLF 61 | 160 | 2S | 24E | 18 | Kateel River | 702019 | |||||||
| 62 |
WLF 62 | 160 | 2S | 24E | 18 | Kateel River | 702020 | |||||||
| 63 |
WLF 63 | 160 | 2S | 24E | 17 | Kateel River | 702021 | |||||||
| 64 |
WLF 64 | 160 | 2S | 24E | 17 | Kateel River | 702022 | |||||||
| 65 |
WLF 65 | 160 | 2S | 23E | 19 | Kateel River | 702023 | |||||||
| 66 |
WLF 66 | 160 | 2S | 23E | 19 | Kateel River | 702024 | |||||||
| 67 |
WLF 67 | 160 | 2S | 23E | 20 | Kateel River | 702025 | |||||||
| 68 |
WLF 68 | 160 | 2S | 23E | 20 | Kateel River | 702026 | |||||||
| 69 |
WLF 69 | 160 | 2S | 23E | 21 | Kateel River | 702027 | |||||||
| 70 |
WLF 70 | 160 | 2S | 23E | 21 | Kateel River | 702028 | |||||||
| 71 |
WLF 71 | 160 | 2S | 23E | 22 | Kateel River | 702029 | |||||||
| 72 |
WLF 72 | 160 | 2S | 23E | 22 | Kateel River | 702030 | |||||||
| 73 |
WLF 73 | 160 | 2S | 23E | 23 | Kateel River | 702031 | |||||||
| 74 |
WLF 74 | 160 | 2S | 23E | 23 | Kateel River | 702032 | |||||||
| 75 |
WLF 75 | 160 | 2S | 23E | 24 | Kateel River | 702033 | |||||||
| 76 |
WLF 76 | 160 | 2S | 23E | 24 | Kateel River | 702034 | |||||||
| 77 |
WLF 77 | 160 | 2S | 24E | 19 | Kateel River | 702035 |
31
| No. |
Claim Name |
Acres | Township | Range | Section | Meridian |
ADL # | |||||||
| 78 |
WLF 78 | 160 | 2S | 24E | 19 | Kateel River | 702036 | |||||||
| 79 |
WLF 79 | 160 | 2S | 24E | 20 | Kateel River | 702037 | |||||||
| 80 |
WLF 80 | 160 | 2S | 24E | 20 | Kateel River | 702038 | |||||||
| 81 |
WLF 81 | 160 | 2S | 23E | 19 | Kateel River | 702039 | |||||||
| 82 |
WLF 82 | 160 | 2S | 23E | 19 | Kateel River | 702040 | |||||||
| 83 |
WLF 83 | 160 | 2S | 23E | 20 | Kateel River | 702041 | |||||||
| 84 |
WLF 84 | 160 | 2S | 23E | 20 | Kateel River | 702042 | |||||||
| 85 |
WLF 85 | 160 | 2S | 23E | 21 | Kateel River | 702043 | |||||||
| 86 |
WLF 86 | 160 | 2S | 23E | 21 | Kateel River | 702044 | |||||||
| 87 |
WLF 87 | 160 | 2S | 23E | 22 | Kateel River | 702045 | |||||||
| 88 |
WLF 88 | 160 | 2S | 23E | 22 | Kateel River | 702046 | |||||||
| 89 |
WLF 89 | 160 | 2S | 23E | 23 | Kateel River | 702047 | |||||||
| 90 |
WLF 90 | 160 | 2S | 23E | 23 | Kateel River | 702048 | |||||||
| 91 |
WLF 91 | 160 | 2S | 23E | 24 | Kateel River | 702049 | |||||||
| 92 |
WLF 92 | 160 | 2S | 23E | 24 | Kateel River | 702050 | |||||||
| 93 |
WLF 93 | 160 | 2S | 24E | 19 | Kateel River | 702051 | |||||||
| 94 |
WLF 94 | 160 | 2S | 24E | 19 | Kateel River | 702052 | |||||||
| 95 |
WLF 95 | 160 | 2S | 24E | 20 | Kateel River | 702053 | |||||||
| 96 |
WLF 96 | 160 | 2S | 24E | 20 | Kateel River | 702054 | |||||||
| 97 |
WLF 97 | 160 | 2S | 23E | 30 | Kateel River | 702055 | |||||||
| 98 |
WLF 98 | 160 | 2S | 23E | 30 | Kateel River | 702056 | |||||||
| 99 |
WLF 99 | 160 | 2S | 23E | 29 | Kateel River | 702057 | |||||||
| 100 |
WLF 100 | 160 | 2S | 23E | 29 | Kateel River | 702058 | |||||||
| 101 |
WLF 101 | 160 | 2S | 23E | 28 | Kateel River | 702059 | |||||||
| 102 |
WLF 102 | 160 | 2S | 23E | 28 | Kateel River | 702060 | |||||||
| 103 |
WLF 103 | 160 | 2S | 23E | 27 | Kateel River | 702061 | |||||||
| 104 |
WLF 104 | 160 | 2S | 23E | 27 | Kateel River | 702062 | |||||||
| 105 |
WLF 105 | 160 | 2S | 23E | 26 | Kateel River | 702063 | |||||||
| 106 |
WLF 106 | 160 | 2S | 23E | 26 | Kateel River | 702064 | |||||||
| 107 |
WLF 107 | 160 | 2S | 23E | 25 | Kateel River | 702065 | |||||||
| 108 |
WLF 108 | 160 | 2S | 23E | 25 | Kateel River | 702066 | |||||||
| 109 |
WLF 109 | 160 | 2S | 24E | 30 | Kateel River | 702067 | |||||||
| 110 |
WLF 110 | 160 | 2S | 24E | 30 | Kateel River | 702068 | |||||||
| 111 |
WLF 111 | 160 | 2S | 24E | 29 | Kateel River | 702069 | |||||||
| 112 |
WLF 112 | 160 | 2S | 24E | 29 | Kateel River | 702070 | |||||||
| 113 |
WLF 113 | 160 | 2S | 23E | 30 | Kateel River | 702071 | |||||||
| 114 |
WLF 114 | 160 | 2S | 23E | 30 | Kateel River | 702072 | |||||||
| 115 |
WLF 115 | 160 | 2S | 23E | 29 | Kateel River | 702073 | |||||||
| 116 |
WLF 116 | 160 | 2S | 23E | 29 | Kateel River | 702074 | |||||||
| 117 |
WLF 117 | 160 | 2S | 23E | 28 | Kateel River | 702075 | |||||||
| 118 |
WLF 118 | 160 | 2S | 23E | 28 | Kateel River | 702076 | |||||||
| 119 |
WLF 119 | 160 | 2S | 23E | 27 | Kateel River | 702077 | |||||||
| 120 |
WLF 120 | 160 | 2S | 23E | 27 | Kateel River | 702078 | |||||||
| 121 |
WLF 121 | 160 | 2S | 23E | 26 | Kateel River | 702079 | |||||||
| 122 |
WLF 122 | 160 | 2S | 23E | 26 | Kateel River | 702080 | |||||||
| 123 |
WLF 123 | 160 | 2S | 23E | 25 | Kateel River | 702081 | |||||||
| 124 |
WLF 124 | 160 | 2S | 23E | 25 | Kateel River | 702082 | |||||||
| 125 |
WLF 125 | 160 | 2S | 24E | 30 | Kateel River | 702083 | |||||||
| 126 |
WLF 126 | 160 | 2S | 24E | 30 | Kateel River | 702084 | |||||||
| 127 |
WLF 127 | 160 | 2S | 24E | 29 | Kateel River | 702085 | |||||||
| 128 |
WLF 128 | 160 | 2S | 24E | 29 | Kateel River | 702086 |
32
| No. |
Claim Name |
Acres | Township | Range | Section | Meridian |
ADL # | |||||||
| 129 |
WLF 129 | 160 | 2S | 23E | 31 | Kateel River | 702087 | |||||||
| 130 |
WLF 130 | 160 | 2S | 23E | 31 | Kateel River | 702088 | |||||||
| 131 |
WLF 131 | 160 | 2S | 23E | 32 | Kateel River | 702089 | |||||||
| 132 |
WLF 132 | 160 | 2S | 23E | 32 | Kateel River | 702090 | |||||||
| 133 |
WLF 133 | 160 | 2S | 23E | 33 | Kateel River | 702091 | |||||||
| 134 |
WLF 134 | 160 | 2S | 23E | 33 | Kateel River | 702092 | |||||||
| 135 |
WLF 135 | 160 | 2S | 23E | 34 | Kateel River | 702093 | |||||||
| 136 |
WLF 136 | 160 | 2S | 23E | 34 | Kateel River | 702094 | |||||||
| 137 |
WLF 137 | 160 | 2S | 23E | 35 | Kateel River | 702095 | |||||||
| 138 |
WLF 138 | 160 | 2S | 23E | 35 | Kateel River | 702096 | |||||||
| 139 |
WLF 139 | 160 | 2S | 23E | 36 | Kateel River | 702097 | |||||||
| 140 |
WLF 140 | 160 | 2S | 23E | 36 | Kateel River | 702098 | |||||||
| 141 |
WLF 141 | 160 | 2S | 24E | 31 | Kateel River | 702099 | |||||||
| 142 |
WLF 142 | 160 | 2S | 24E | 31 | Kateel River | 702100 | |||||||
| 143 |
WLF 143 | 160 | 2S | 24E | 32 | Kateel River | 702101 | |||||||
| 144 |
WLF 144 | 160 | 2S | 24E | 32 | Kateel River | 702102 | |||||||
| 145 |
WLF 145 | 160 | 2S | 23E | 31 | Kateel River | 702103 | |||||||
| 146 |
WLF 146 | 160 | 2S | 23E | 31 | Kateel River | 702104 | |||||||
| 147 |
WLF 147 | 160 | 2S | 23E | 32 | Kateel River | 702105 | |||||||
| 148 |
WLF 148 | 160 | 2S | 23E | 32 | Kateel River | 702106 | |||||||
| 149 |
WLF 149 | 160 | 2S | 23E | 33 | Kateel River | 702107 | |||||||
| 150 |
WLF 150 | 160 | 2S | 23E | 33 | Kateel River | 702108 | |||||||
| 151 |
WLF 151 | 160 | 2S | 23E | 34 | Kateel River | 702109 | |||||||
| 152 |
WLF 152 | 160 | 2S | 23E | 34 | Kateel River | 702110 | |||||||
| 153 |
WLF 153 | 160 | 2S | 23E | 35 | Kateel River | 702111 | |||||||
| 154 |
WLF 154 | 160 | 2S | 23E | 35 | Kateel River | 702112 | |||||||
| 155 |
WLF 155 | 160 | 2S | 23E | 36 | Kateel River | 702113 | |||||||
| 156 |
WLF 156 | 160 | 2S | 23E | 36 | Kateel River | 702114 | |||||||
| 157 |
WLF 157 | 160 | 2S | 24E | 31 | Kateel River | 702115 | |||||||
| 158 |
WLF 158 | 160 | 2S | 24E | 31 | Kateel River | 702116 | |||||||
| 159 |
WLF 159 | 160 | 2S | 24E | 32 | Kateel River | 702117 | |||||||
| 160 |
WLF 160 | 160 | 2S | 24E | 32 | Kateel River | 702118 | |||||||
| 161 |
WLF 161 | 160 | 3S | 23E | 6 | Kateel River | 702119 | |||||||
| 162 |
WLF 162 | 160 | 3S | 23E | 6 | Kateel River | 702120 | |||||||
| 163 |
WLF 163 | 160 | 3S | 23E | 5 | Kateel River | 702121 | |||||||
| 164 |
WLF 164 | 160 | 3S | 23E | 5 | Kateel River | 702122 | |||||||
| 165 |
WLF 165 | 160 | 3S | 23E | 4 | Kateel River | 702123 | |||||||
| 166 |
WLF 166 | 160 | 3S | 23E | 4 | Kateel River | 702124 | |||||||
| 167 |
WLF 167 | 160 | 3S | 23E | 3 | Kateel River | 702125 | |||||||
| 168 |
WLF 168 | 160 | 3S | 23E | 3 | Kateel River | 702126 | |||||||
| 169 |
WLF 169 | 160 | 3S | 23E | 2 | Kateel River | 702127 | |||||||
| 170 |
WLF 170 | 160 | 3S | 23E | 2 | Kateel River | 702128 | |||||||
| 171 |
WLF 171 | 160 | 3S | 23E | 1 | Kateel River | 702129 | |||||||
| 172 |
WLF 172 | 160 | 3S | 23E | 1 | Kateel River | 702130 | |||||||
| 173 |
WLF 173 | 160 | 3S | 24E | 6 | Kateel River | 702131 | |||||||
| 174 |
WLF 174 | 160 | 3S | 24E | 6 | Kateel River | 702132 | |||||||
| 175 |
WLF 175 | 160 | 3S | 24E | 5 | Kateel River | 702133 | |||||||
| 176 |
WLF 176 | 160 | 3S | 24E | 5 | Kateel River | 702134 | |||||||
| 177 |
WLF 177 | 160 | 3S | 23E | 6 | Kateel River | 702135 | |||||||
| 178 |
WLF 178 | 160 | 3S | 23E | 6 | Kateel River | 702136 | |||||||
| 179 |
WLF 179 | 160 | 3S | 23E | 5 | Kateel River | 702137 |
33
| No. |
Claim Name |
Acres | Township | Range | Section | Meridian |
ADL # | |||||||
| 180 |
WLF 180 | 160 | 3S | 23E | 5 | Kateel River | 702138 | |||||||
| 181 |
WLF 181 | 160 | 3S | 23E | 4 | Kateel River | 702139 | |||||||
| 182 |
WLF 182 | 160 | 3S | 23E | 4 | Kateel River | 702140 | |||||||
| 183 |
WLF 183 | 160 | 3S | 23E | 3 | Kateel River | 702141 | |||||||
| 184 |
WLF 184 | 160 | 3S | 23E | 3 | Kateel River | 702142 | |||||||
| 185 |
WLF 185 | 160 | 3S | 23E | 2 | Kateel River | 702143 | |||||||
| 186 |
WLF 186 | 160 | 3S | 23E | 2 | Kateel River | 702144 | |||||||
| 187 |
WLF 187 | 160 | 3S | 23E | 1 | Kateel River | 702145 | |||||||
| 188 |
WLF 188 | 160 | 3S | 23E | 1 | Kateel River | 702146 | |||||||
| 189 |
WLF 189 | 160 | 3S | 24E | 6 | Kateel River | 702147 | |||||||
| 190 |
WLF 190 | 160 | 3S | 24E | 6 | Kateel River | 702148 | |||||||
| 191 |
WLF 191 | 160 | 3S | 24E | 5 | Kateel River | 702149 | |||||||
| 192 |
WLF 192 | 160 | 3S | 24E | 5 | Kateel River | 702150 | |||||||
| 193 |
WLF 193 | 160 | 3S | 23E | 7 | Kateel River | 702151 | |||||||
| 194 |
WLF 194 | 160 | 3S | 23E | 7 | Kateel River | 702152 | |||||||
| 195 |
WLF 195 | 160 | 3S | 23E | 8 | Kateel River | 702153 | |||||||
| 196 |
WLF 196 | 160 | 3S | 23E | 8 | Kateel River | 702154 | |||||||
| 197 |
WLF 197 | 160 | 3S | 23E | 9 | Kateel River | 702155 | |||||||
| 198 |
WLF 198 | 160 | 3S | 23E | 9 | Kateel River | 702156 | |||||||
| 199 |
WLF 199 | 160 | 3S | 23E | 7 | Kateel River | 702157 | |||||||
| 200 |
WLF 200 | 160 | 3S | 23E | 7 | Kateel River | 702158 | |||||||
| 201 |
WLF 201 | 160 | 3S | 23E | 8 | Kateel River | 702159 | |||||||
| 202 |
WLF 202 | 160 | 3S | 23E | 8 | Kateel River | 702160 |
SWF CLAIMS
SWIFT PROJECT, ALASKA
All State of Alaska claims located in the Kuskokwim Recording District, Lime Hills Quadrangle, Alaska
| No. |
Claim Name |
Acres | Township | Range | Section | Meridian |
ADL # | |||||||
| 1 |
SWF 17 | 160 | 17N | 28W | 24 | Seward | 701801 | |||||||
| 2 |
SWF 18 | 160 | 17N | 28W | 24 | Seward | 701802 | |||||||
| 3 |
SWF 19 | 160 | 17N | 27W | 19 | Seward | 701803 | |||||||
| 4 |
SWF 20 | 160 | 17N | 27W | 19 | Seward | 701804 | |||||||
| 5 |
SWF 21 | 160 | 17N | 27W | 20 | Seward | 701805 | |||||||
| 6 |
SWF 22 | 160 | 17N | 28W | 24 | Seward | 701806 | |||||||
| 7 |
SWF 23 |