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US Unleashes Power Play Against China: Seizing Control of Battery Metals Mining in Epic Alaska Move!

08-21-2023 09:46 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Economist Global

US vs China - Who will come out on top

US vs China - Who will come out on top

n a momentous strategic twist that's set to reshape the global battery metals landscape, the United States is making a bold move to snatch control away from China's tight grip on this critical sector. Recent groundbreaking developments unveiled on August 16th are echoing across the industry-a resounding signal that the US is pushing back against China's dominance. The focus of this seismic shift? The acquisition of a comprehensive exploration database chronicling activities from 1995 to the present, centered around the Nikolai nickel-copper-cobalt-platinum group metal project in Alaska's resource-rich territory.

The story's genesis traces back to the 1990s, with INCO Ltd. initiating the uncovering and exploration phase. Fast forward to the early 2000s, and Nevada Star Resources Ltd. swoops in to take ownership of the property-then referred to as MAN. Collaborating with Anglo American (Canada) Ltd. from 2004 to 2006, they embarked on exploration that set the stage for a transformative narrative. Nevada Star's metamorphosis into Pure Nickel Inc. opened doors to a dynamic partnership with Japan's influential Itochu Corp., fuelling exploration efforts from 2008 to 2013.

Yet, the true heartbeat of Nikolai's exploration history centers on the Eureka-an expansive mineralization trend stretching about 10 miles (15 kilometers), teeming with nickel, copper, cobalt, and platinum group metals (PGMs). Intensifying the allure is the Canwell block, a zone shimmering with untapped potential for higher-grade deposits. A treasure trove of nickel, copper, gold, platinum, palladium, and even the rarest platinum-related metals like osmium, iridium, ruthenium, and rhodium have historically emerged from Canwell's outcrop grab, float, and chip samples.

In a calculated endeavor to assert control and liberate themselves from China's clasp, the United States orchestrates the strategic coup-the comprehensive Nikolai exploration dataset seized from Alaska Critical Metals, a private entity with a key role in the larger narrative of resource autonomy.

This audacious move, valued at C$1.05 million, is bolstered by the issuance of 2 million Alaska Energy shares, clocking in at an additional C$1 million. This dual-pronged acquisition sends a clear message-America is taking charge, investing in its own strategic independence, and breaking free from foreign constraints.

The insights encapsulated within this newfound treasure trove reverberate across the industry. The dataset emerges as a veritable goldmine, featuring drill logs, assay data, and findings from a rich history of drilling activities. Emboldened by data derived from a spectrum of airborne and ground geophysical surveys conducted across the property, the dataset is further enriched by insights from lidar surveys and a treasure chest of soil and rock samples.

With this arsenal of intelligence, the United States is gearing up to revolutionize its drilling strategies, positioning them strategically in the hunt for zones of intensified mineralization. This tactical implementation of geophysical surveys not only expedites exploration endeavors but also turbocharges the value proposition for stakeholders.

A comprehensive analysis underscores the titanic cost and colossal efforts that would be required to replicate the exhaustive exploration initiatives required to compile such a dataset. The staggering figure, exceeding $40 million, seems insurmountable. However, this audacious move stands as a testament to the United States' unwavering resolve, capturing these invaluable insights at a mere fraction of the replication cost. This audacious move, at just 5% of the anticipated expenses for data replication, symbolizes a sensational victory-a seismic leap towards securing the nation's autonomy and reclaiming supremacy in the global battery metals arena. As the US takes center stage, the battle for control heats up, echoing a resounding message: America is back in the game, ready to rewrite the rules of engagement.

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