State of Alaska

Sitka, AK, United States

State of Alaska

Sitka, AK, United States
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News Article | May 15, 2017
Site: www.prweb.com

Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) announced today that it has closed a New Markets Tax Credit transaction with General Communication Inc. (GCI) for the construction of an additional phase of TERRA (“Terrestrial for Every Region of Rural Alaska”)—a hybrid fiber-optic microwave network. The project will establish broadband internet access and directly connect the five Inupiat Eskimo communities of Buckland, Noorvik, Selawik, Kiana, and Noatak, Alaska with the internet backbone. When completed, the TERRA network will deliver critical bandwidth to native organizations, school districts, regional health corporations, and individual residents throughout these distressed, northwest Alaskan villages. “This is a very special project for us that will change lives for years to come,” said Clearinghouse CDFI President and CEO Douglas Bystry. “We are honored to help GCI bring this basic, yet critical communication resource to Native Alaskan communities that previously have been isolated.” The TERRA project is Clearinghouse CDFI’s first loan in the State of Alaska as part of its ongoing service area expansion benefiting sovereign nations throughout the western United States. The TERRA network currently serves 72 communities in western Alaska—many of which are so remote, they are only accessible by boat or plane. Once complete, the new broadband network will deliver multiple benefits and services throughout the Norton Sound region of rural Alaska. “GCI has delivered high-speed internet to some of the most remote locations on earth,” said Vice President of GCI Business Lewis Schnaper. “We’ve seen how access to broadband can improve healthcare, education, and public safety and understand its importance. We are excited that our NMTC financing from Clearinghouse CDFI will help to extend this transformational service and bring more economic opportunity to additional communities in Alaska.” The current project will also create 100 construction jobs and 13 permanent jobs paying an average salary significantly higher than the area living wage. Additionally, countless new employment opportunities will become possible thanks to the introduction of reliable internet access in this remote area. US Bank was the tax credit investor in this $10 million transaction. ~ ABOUT NEW MARKETS TAX CREDITS New Markets Tax Credits (NMTC) were established by Congress in 2000 to encourage the investment of private capital in designated low-income communities in order to create jobs, generate economic activity and improve the quality of services in low-income communities and to low-income persons. NMTCs attract investment capital to low-income communities by permitting individual and corporate investors to receive a 39% tax credit against their federal income tax return over a period of seven years in exchange for making qualified equity investments in specialized financial institutions called Community Development Entities (CDEs). In turn, CDEs provide below-market financing to transformative development projects in low-income communities across the country. For more information, visit http://www.cdfifund.gov. ABOUT CLEARINGHOUSE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (Clearinghouse CDFI): Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) addresses unmet credit needs in California, Nevada, Arizona, New Mexico, and Sovereign Nations in the Western U.S. Clearinghouse CDFI is an industry leader helping to bridge the gap between conventional lending standards and the needs of low-income and distressed communities. Over 20 years, Clearinghouse CDFI has funded $1.4 billion in total loans for over 1,780 projects which have created or retained more than 16,000 jobs and benefit over 1.4 million individuals. Clearinghouse CDFI is also a B Corp—a certification received from the nonprofit B Lab. B Corps are companies who meet rigorous standards of social and environmental performance, transparency, and accountability, and use business as a force for good. At December 31, 2016, Clearinghouse CDFI has total assets of $363 million. More information is available at: http://www.clearinghousecdfi.com.


News Article | May 17, 2017
Site: www.marketwired.com

AIDEA Identifies 4 Potential Locations, First Step Towards Alaska's Participation in the Clean-Tech Energy Sector VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 17, 2017) - Graphite One Resources Inc. (TSX VENTURE:GPH)(OTCQB:GPHOF) ("Graphite One," "GPH" or "the Company") announced today that it has received a site assessment report for its advanced-materials graphite refinery facility prepared by AIDEA - the Alaska Industrial Development and Export Authority (the "AIDEA Report") with cooperation from the Alaska Department of Commerce, Community and Economic Development and the Department of Natural Resources. The AIDEA Report is the first product of the Memorandum of Understanding entered into by AIDEA and Graphite One announced on February 16, 2017. Graphite is a critical material for electric vehicle batteries and energy storage systems. The U.S. is presently 100% import-dependent for its graphite supply. "Tapping AIDEA's expertise in helping us assess potential refinery sites is the first step towards making Alaska a key player in the clean-tech energy sector," said Anthony Huston, GPH's CEO. "The AIDEA Report confirms the considerable interest Alaska localities have in serving as a base for our advanced-material spherical graphite refinery. With AIDEA's involvement, we intend to move forward to the next phase in our refinery site evaluation." AIDEA's mission is to promote, develop, and advance economic growth and diversification in Alaska by providing various means of financing and investment. As part of this mission, AIDEA has the statutory authority to finance, acquire, manage, and operate development projects that it intends to own and operate, or provide development project financing for development projects that it does not intend to own and operate. This authority includes infrastructure intended for use in the extraction, processing, and transportation of minerals and metals. Since its inception, AIDEA's financing has served all regions in Alaska by: The four potential locations identified in the AIDEA Report are Homer, Kenai, Port Mackenzie and Seward. Graphite One has notified AIDEA of its interest in coordinating in-depth site assessments with the communities identified in the Report. AIDEA and other State agencies, in collaboration with the communities themselves, have offered to assist the Company in this assessment and organize meetings with the Mayors, Managers, Assembly and Council members, and other civic and business leaders to discuss specific needs, and to assess how each community can help meet those needs. THE AIDEA REPORT ASSESSED THE FOLLOWING CRITERIA: AIDEA found that Homer, Kenai, Port Mackenzie and Seward currently "have the capacity in-place to meet the refinery's power needs." As for power costs, the AIDEA Report notes that "while Alaska can't directly compete on power generation costs, there are potential accumulated benefits to the location criteria that will help balance the overall capital and operating costs of the project." All four potential locations have ports providing year-round service with barge landings, docks, and container handling capacity with regular, direct access to the Lower 48 United States, generally to the Ports of Seattle and Tacoma. Shipping options to Asian markets will depend on the refinery's production schedule. All four locations are connected by Alaska's existing road system to Anchorage, and the Lower 48 United States via Canada. All four potential sites meet the requirements for workforce and land availability. Each potential location offers access to an educated and skilled workforce, near Alaska's network of universities and engineering and natural resource institutes. Each potential site offers available industrial zoned land for the project, with existing access to utilities. Each of the four potential communities levies a number of property, sales, and other special taxes on a variety of commercial and industrial activities within their jurisdiction. These taxes vary between the communities, and must be taken into consideration when evaluating the project's ongoing costs. According to the AIDEA Report: The full AIDEA Report can be accessed at the following link http://www.graphiteoneresources.com/_resources/Graphite-One-Resources-Report.pdf#page=6 The Alaska Industrial Development and Export Authority is a public corporation of the State of Alaska. AIDEA's purpose is to promote, develop, and advance the general prosperity and economic welfare of the people of Alaska. One of the ways AIDEA fulfills this purpose is by supporting development of natural resources in Alaska. AIDEA has the statutory authority to finance, develop and own and operate facilities and improvements, including roads intended for use in connection with the extraction, production, and transportation of minerals and materials. About Graphite One Resources Inc. GRAPHITE ONE RESOURCES INC. (TSX VENTURE:GPH)(OTCQB:GPHOF) continues to develop its Graphite One Project (the "Project"), whereby the Company could potentially become the dominant American producer of high grade Coated Spherical Graphite ("CSG") that is integrated with a domestic graphite resource. The Project is proposed as a vertically integrated enterprise to mine, process and manufacture high grade CSG primarily for the lithium-ion electric vehicle battery market. As set forth in the Preliminary Economic Assessment, potential graphite mineralization mined from the Company's Graphite Creek Property, is expected to be processed into concentrate at a graphite processing plant. The proposed processing plant would be located on the Graphite Creek Property situated on the Seward Peninsula about 60 kilometers north of Nome, Alaska. CSG and other value-added graphite products, would likely be manufactured from the concentrate at the Company's proposed graphite product manufacturing facility, the location of which is the subject of further study and analysis. The Company intends to make a production decision on the Project once a feasibility study is completed. ON BEHALF OF THE BOARD OF DIRECTORS For more information on Graphite One Resources Inc. please visit the Company's website, www.GraphiteOneResources.com. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This release includes certain statements that are deemed to be forward-looking statements. All statements in this release, other than statements that are clearly historical in nature, are forward-looking statements. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "proposes", "expects", or "is expected", "scheduled", "estimates", "projects", "intends", "assumes", "believes", "indicates" or variations of such words and phrases that state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information in this release includes, but is not limited to, statements regarding the stage and progress of development of the Graphite Creek Project including the ability to create jobs and economic development, project permitting process, ability to finance, the potential to be the dominant American producer of CSG, changes in project parameters as plans continue to be refined, the actual ability to produce spherical graphite, ultimate further and final results of additional test-work, estimated capital and sustaining costs and the availability of equipment, labour and resources required, the anticipated applications of graphite in high-tech, clean tech, energy storage and national security applications and all other anticipated applications, international demand and ability to transport and enter into such markets, are all forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include: (i) volatile stock price, (ii) the results of the product development test work may not be indicative of the advancement of the project as anticipated, or at all, (iii) market prices, (iv) exploitation and exploration successes, (v) continuity of mineralization, (vi) uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, (vii) changes in government policies regarding mining and natural resource exploration and exploitation, (viii) competition faced in securing experienced personnel, access to adequate infrastructure to support mining, processing, development and exploration activities and continued availability of capital and financing, and (ix) general economic, market or business conditions. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this press release, and the Company undertakes no obligation to update publicly or revise any forward-looking information, except as required by applicable securities laws. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.


News Article | May 18, 2017
Site: www.prnewswire.com

Last week, PLP finalized a settlement agreement with the US Environmental Protection Agency (EPA) that cleared the way for Pebble to initiate permitting under the Clean Water Act and National Environmental Policy Act. The Company is now focused on finalizing a project design for the proposed copper, gold and molybdenum mine in southwest Alaska and advancing into permitting in a timely way. "In our view, this is the ideal time to expand our engagement with external parties to ensure the project we take into permitting, and the various environmental safeguards and partnership programs we build around that project, are as robust and responsive to stakeholder needs as they can be," explained Pebble CEO Tom Collier. "The Pebble Advisory Committee we're announcing today is one of several key initiatives we will be advancing this year to make Pebble the best possible project for all our stakeholder audiences." Founding members of the Pebble Advisory Committee are: Terms of Reference for the Advisory Committee are simple. Participants will have the latitude to request information about and provide feedback on any dimension of the Pebble Project they choose – including: engineering design; environmental safeguards, programs and technology; alternatives assessment; environmental impacts and mitigation; socioeconomic impacts; and programs to enhance public benefits. "'Although the Pebble Project has been a controversial development proposal in Alaska for a number of years, it also has the potential to make a significant positive contribution to the economic health of the Bristol Bay region and the State of Alaska,' said Willie Hensley. 'I have always believed it is better for Alaska Natives and all stakeholders in major development projects to have a seat at the table and bring their influence to bear to shape those projects to meet their needs and priorities. I have every confidence that the leadership at PLP is serious about listening and finding ways to honor the ideas and advice of this Advisory Committee, and other Pebble Project stakeholders.  I am also pleased by the inclusion of Kim Williams, an outspoken project opponent, because it demonstrates their sincerity about listening.'" Collier noted that Advisory Committee participants will not be bound by confidentiality agreements or any other limitation on their rights of public expression, including the right to oppose development of the Pebble Project. He also confirmed that participants have the option to accept or decline an honorarium to compensate them for their time, as well as travel and related expenses. The committee is expected to meet 2 – 3 times each year in Alaska, in addition to more frequent meetings via video- or teleconference, and review and comment on reports and other technical information. "Developing America's natural resources responsibly – in a manner that protects important environmental values, respects other land and resource users, and meaningfully benefits local people – is clearly in the nation's best interests," said Jim Maddy. "But developers have to find a way to do it with the trust and support of not just regulators, but the people who use and live on and care about the land. "It all begins with listening and sharing information. That's what Pebble has expressed a willingness to do with this committee, and that's why I agreed to be involved." Among the first matters the Pebble Advisory Committee will tackle is recruiting additional members from a range of stakeholder constituencies. That work is expected to begin this spring, with the goal of finalizing a 10-12 member group by mid-year. For its part, the Pebble Partnership will undertake to adopt as much input and guidance from committee members as it deems practicable and appropriate, without being bound to do so. The work of the Pebble Advisory Committee will be shared publicly with project stakeholders and the people of Alaska, including those recommendations PLP has adopted and those it has not. Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern Dynasty's principal asset, owned through its wholly-owned Alaska-based US subsidiary Pebble Limited Partnership and other wholly-owned subsidiaries, is a 100% interest in a contiguous block of 2,402 mineral claims in southwest Alaska, including the Pebble deposit. The Pebble Partnership is the proponent of the Pebble Project, an initiative to develop one of the world's most important mineral resources. For further details on Northern Dynasty and the Pebble Project, please visit the Company's website at www.northerndynasty.com or contact Investor services at (604) 684-6365 or within North America at 1-800-667-2114. Review Canadian public filings at www.sedar.com and US public filings at www.sec.gov. Forward Looking Information and other Cautionary Factors This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in its forward-looking statements are based on reasonable assumptions, such statements should not be in any way construed as guarantees of the ultimate size, quality or commercial feasibility of the Pebble Project or of the Company's future performance or the outcome of litigation. Assumptions used by the Company to develop forward-looking statements include the following: the Pebble Project will obtain all required environmental and other permits and all land use and other licenses, studies and development of the Pebble Project will continue to be positive, and no geological or technical problems will occur.  The likelihood of future mining at the Pebble Project is subject to a large number of risks and will require achievement of a number of technical, economic and legal objectives, including obtaining necessary mining and construction permits, approvals, licenses and title on a timely basis and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, the final outcome of any litigation, completion of pre-feasibility and final feasibility studies, preparation of all necessary engineering for surface or underground mining and processing facilities as well as receipt of significant additional financing to fund these objectives as well as funding mine construction. Such funding may not be available to the Company on acceptable terms or on any terms at all. There is no known ore at the Pebble Project and there is no assurance that the mineralization at the Pebble Project will ever be classified as ore. The need for compliance with extensive environmental and socio-economic rules and practices and the requirement for the Company to obtain government permitting can cause a delay or even abandonment of a mineral project. The Company is also subject to the specific risks inherent in the mining business as well as general economic and business conditions. For more information on the Company, Investors should review the Company's filings with the United States Securities and Exchange Commission and its home jurisdiction filings that are available at www.sedar.com.


News Article | May 16, 2017
Site: www.prnewswire.com

Wild Alaska sockeye, king, pink, keta and coho salmon supply nearly 95 percent of the wild salmon harvested in the U.S., meaning plenty of rich and succulent wild salmon for the summer grill. The cold water and natural environment help give wild Alaska salmon unmatched taste, nutrition and versatility that appeal to all palates and budgets, and can be enjoyed in a variety of ways: In addition to fresh during the harvest season, Alaska salmon is available year-round frozen, canned and smoked. For more information and recipe ideas, visit www.wildalaskaseafood.com, and follow Alaska Seafood on Facebook, Twitter, Instagram and Pinterest. Additional details on each Alaska salmon species, including nutritional values, harvesting methods and full recipes from Alaska Seafood can be found online in the Ultimate Guide to Wild Alaska Salmon. About Alaska Seafood: The Alaska Seafood Marketing Institute (ASMI) is a partnership of the State of Alaska and the Alaska seafood industry promoting the benefits of wild and sustainable Alaska seafood and offering seafood industry education. The seafood industry is Alaska's largest private sector employer with nearly 60 percent of all seafood and 90-95 percent of wild salmon harvested in the U.S. coming from Alaska. In addition to wild salmon, Alaska is known for its crab and whitefish varieties such as cod, sablefish, halibut, pollock, sole and rockfish – available fresh or frozen year-round. Alaska has been dedicated to sustainable seafood for more than 50 years and is the only state with a constitution that mandates all seafood be managed under the sustained yield principle. Alaska has taken a leadership role in setting the global standard for precautionary resource management to protect fisheries and surrounding habitats for future generations and leading to an ever-replenishing supply of wild seafood for markets worldwide. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/a-wild-summer-starts-with-alaska-salmon-season-300458028.html


The YGP has been the subject of substantial drilling, underground development and historic gold production. Big Sky represents an earlier stage exploration property package located south of the YGP and only 17 km north of the city of Yellowknife. Pursuant to the Agreement, GoldMining will acquire the YGP, Big Sky and certain related assets, including an exploration camp and equipment. Total consideration payable by GoldMining under the transaction consists of 4,000,000 common shares of GoldMining (the "Shares"), which will be subject to customary escrow provisions and released as follows: A break fee is payable by RMB to GoldMining in the event that the transaction does not complete under certain circumstances. The YGP is comprised of five deposits — Nicholas, Ormsby, Bruce, Goodwin and Clan Lake — located 50 to 90 km north of the city of Yellowknife in the Northwest Territories. The Project includes a 50-person winterized camp and fuel storage and is accessible by winter road from Yellowknife or by air to a 1,000 m long gravel airstrip located on site. The Project is comprised of 17 mining leases and 8 mineral claims with an aggregate area of 8,935 ha. The YGP is subject to a 2.25% net smelter return royalty, including a $20,000 per year annual advance royalty, on the Ormsby-Nicholas Lake property and a 2% net smelter returns royalty on the Goodwin Lake property. Diamond drilling completed to date includes 141 holes (27,590 m) drilled at the Nicholas Lake deposit, 707 holes (157,570 m) drilled at the Ormsby and Bruce deposits, 28 holes (5,934 m) drilled at the Goodwin Lake deposit, and 185 holes (40,515 m) drilled at the Clan Lake deposit. Upon closing, GoldMining plans to commission an independent resource estimate for the Project and complete a technical report documenting the results of this estimate. Haywood Securities Inc. is advising GoldMining in connection with the transaction and Sangra Moller LLP is acting as legal counsel to GoldMining. Stikeman Elliott LLP acted as counsel to RMB. Paulo Pereira, President of GoldMining has reviewed and approved the technical information contained in this news release. Mr. Pereira holds a Bachelors degree in Geology from Universidade do Amazonas in Brazil, is a Qualified Person as defined in National Instrument 43-101 and is a member of the Association of Professional Geoscientists of Ontario. GoldMining is a public mineral exploration company focused on the acquisition and development of gold projects in Colombia and other regions of the Americas.  GoldMining is advancing its Titiribi Gold-Copper Project located in the Department of Antioquia, Colombia, its Cachoeira and São Jorge Gold Projects located in the State of Pará, northeastern Brazil, its Whistler Gold-Copper Project located in the State of Alaska, United States of America, and its Rea Uranium Project in the western Athabasca Basin in northeast Alberta, Canada. This document contains certain forward-looking statements that reflect the current views and/or expectations of GoldMining with respect to its business and future events, including expectations respecting the Project and Big Sky, the closing of the transaction and any future exploration programs and other work on the Project and Big Sky. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the markets in which GoldMining operates, including that the parties will satisfy or waive all conditions required to complete the transactions under the Agreement, including receipt of all required regulatory and court approvals, that GoldMining will confirm historical exploration results.  Investors are cautioned that all forward-looking statements involve risks and uncertainties, including: the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drill results and other exploration data, the potential for delays in exploration or development activities, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with GoldMiningꞌs expectations, accidents, equipment breakdowns, title and permitting matters, labour disputes or other unanticipated difficulties with or interruptions in operations, fluctuating metal prices, unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Project and Big Sky, that the parties may not receive all required approvals or satisfy all conditions required under the Agreement and that GoldMining may not be able to confirm historical exploration results or complete a current resource estimate for the Project. These risks, as well as others, including those set forth in GoldMiningꞌs filings with Canadian securities regulators, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. GoldMining does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law. Neither the TSX Venture Exchange, the Toronto Stock Exchange nor their Regulation Services Providers (as that term is defined in the policies of the TSX Venture Exchange and the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this news release.


AIDEA and Graphite One to Explore Opportunities to Collaborate on Facilities Siting, Funding Options, Economic Impacts, Community Engagement, and Project Permitting VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 16, 2017) - Graphite One Resources Inc. (TSX VENTURE:GPH)(OTCQX:GPHOF) ("Graphite One", "GPH" or the "Company") announces that it has entered into a Memorandum of Understanding ("MOU") with the Alaska Industrial Development and Export Authority ("AIDEA") to explore opportunities to collaborate on the development of Graphite One's proposed vertically integrated project to mine, process and manufacture high grade coated spherical graphite primarily for lithium-ion electric vehicle batteries (the "Graphite One Project" or the "Project"). "Following the recent release of our Preliminary Economic Assessment(1), this MOU with AIDEA marks an important step in progressing our studies on the development of our Graphite One Project," said Anthony Huston, Chief Executive Officer of Graphite One. "It serves as a strong signal of Alaska's commitment to responsible development of the State's natural resources. Graphite One pledges to be a responsible partner in this potential development." "The completion of the MOU with Graphite One aligns with our mandate to promote economic growth and diversification in Alaska," said John Springsteen, Executive Director of AIDEA. "With the Preliminary Economic Assessment now available, we look forward to working with the Graphite One team to advance all aspects of the project's review." The MOU acknowledges that Graphite One has commenced preliminary discussions with State of Alaska officials from the Department of Commerce, Community and Economic Development (DCCED), AIDEA and the Alaska Department of Natural Resources (DNR) to begin evaluating potential sites, within Alaska but away from the Graphite Creek property, at which facilities might be developed for further processing of Graphite Creek graphite. Criteria relevant to deciding on the location of such facilities in Alaska include power cost and supply, availability of industrial zoned land, proximity to tidewater and port facilities, and infrastructure that allows easy access for the workforce. AIDEA has provided Graphite One a list of potential sites in Alaska to evaluate whether they might satisfy some or all of the relevant criteria. In summary, the MOU covers the following aspects of the Project: AIDEA's purpose is to promote, develop, and advance the general prosperity and economic welfare of the people of Alaska. One of the ways AIDEA fulfills this purpose is by supporting development of natural resources in Alaska. AIDEA has the statutory authority to finance, develop and own and operate facilities and improvements, including roads intended for use in connection with the extraction, production, and transportation of minerals and materials. ABOUT GRAPHITE ONE RESOURCES INC. GRAPHITE ONE RESOURCES INC. (TSX VENTURE:GPH)(OTCQX:GPHOF) continues to develop its Graphite One Project (the "Project"), whereby the Company could potentially become the dominant American producer of high grade Coated Spherical Graphite ("CSG") that is integrated with a domestic graphite resource. The Project is proposed as a vertically integrated enterprise to mine, process and manufacture high grade CSG primarily for the lithium-ion electric vehicle battery market. As set forth in the Preliminary Economic Assessment, potential graphite mineralization mined from the Company's Graphite Creek Property, is expected to be processed into concentrate at a graphite processing plant. The proposed processing plant would be located on the Graphite Creek Property situated on the Seward Peninsula about 60 kilometers north of Nome, Alaska. CSG and other value-added graphite products, would likely be manufactured from the concentrate at the Company's proposed graphite product manufacturing facility, the location of which is the subject of further study and analysis. The Company intends to make a production decision on the Project once a feasibility study is completed. ON BEHALF OF THE BOARD OF DIRECTORS For more information on Graphite One Resources Inc. please visit the Company's website, www.GraphiteOneResources.com. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This release includes certain statements that are deemed to be forward-looking statements. All statements in this release, other than statements that are clearly historical in nature, are forward-looking statements. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "proposes", "expects", or "is expected", "scheduled", "estimates", "projects", "intends", "assumes", "believes", "indicates" or variations of such words and phrases that state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information in this release includes, but is not limited to, statements regarding the stage and progress of development of the Graphite Creek Project including the ability to create jobs and economic development, project permitting process, ability to finance, the potential to be the dominant American producer of CSG, changes in project parameters as plans continue to be refined, the actual ability to produce spherical graphite, ultimate further and final results of additional test-work, estimated capital and sustaining costs and the availability of equipment, labour and resources required, the anticipated applications of graphite in high-tech, clean tech, energy storage and national security applications and all other anticipated applications, international demand and ability to transport and enter into such markets, are all forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include: (i) volatile stock price, (ii) the results of the product development test work may not be indicative of the advancement of the project as anticipated, or at all, (iii) market prices, (iv) exploitation and exploration successes, (v) continuity of mineralization, (vi) uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, (vii) changes in government policies regarding mining and natural resource exploration and exploitation, (viii) competition faced in securing experienced personnel, access to adequate infrastructure to support mining, processing, development and exploration activities and continued availability of capital and financing, and (ix) general economic, market or business conditions. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this press release, and the Company undertakes no obligation to update publicly or revise any forward-looking information, except as required by applicable securities laws. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com. (1) Press releases of Graphite One dated January 25, 2017 and January 30, 2017.


News Article | February 15, 2017
Site: www.accesswire.com

VANCOUVER, BC / ACCESSWIRE / February 15, 2017 / Miranda Gold Corp. ("Miranda") (TSX-V: MAD) is pleased to announce that its joint venture partner Gold Torrent, Inc, ("GTI") (OTCQB: GTOR) has secured financing to put the Lucky Shot Project near Anchorage, Alaska into production. GTI is forecasting a December 2018 startup date. The financing secured by GTI is comprised of a convertible preferred note and investment agreement with CRH Mezzanine Pte, Ltd, a Singapore private limited company and CRH Funding II Pte, Ltd, a Singapore private limited company - consisting of a US$2,000,000 convertible preferred note ("Preferred Note") and a US$11,250,000 gold and silver prepayment agreement ("Prepayment Agreement"). Concurrent with the closing and funding of the Preferred Note, Miranda and GTI have executed a joint venture operating agreement and formed Alaska Gold Torrent, LLC ("AGT LLC"), an Alaska limited liability company, under which Miranda owns a 30% undivided interest in the Lucky Shot Project. Miranda is entitled to 10% of the AGT LLC after-tax cash flow until US$10m is paid to GTI; then 20% of the after-tax cash flow until the remainder of GTI's investment in AGT LLC, in excess of US$10m is paid; and 30% thereafter. In addition, Miranda has an installment payment option to purchase a 3.3% NSR on Lucky Shot production from a third party. The delivery of refined gold and silver and the repayments under the Prepayment Agreement shall be borne entirely from GTI's calculated after-tax cash flow, its cash allocations, and other cash distributions. Miranda shall be entitled to receive its allocations of calculated after-tax cash flows and resulting cash distributions using calculations based on the after-tax cash flow distributions that would have occurred on an "all equity" basis - showing cash distributions and allocations assuming the Prepayment Agreement had not occurred. Miranda production cash flow proceeds are not burdened by servicing the Prepayment Agreement in any way. Miranda CEO Joseph Hebert comments, "With the financing and forecast start-up of the Lucky Shot Project, Miranda will now advance its strategy of securing near-term cash flow to support its core business of exploration for world-class discovery in Colombia and elsewhere. The Lucky Shot Mine will put Miranda in a unique class of primary explorers with cash flow, while still adhering to its Joint Venture business model as a Prospect Generator." Further, Mr. Hebert notes, "Miranda is fortunate to have an experienced team at Gold Torrent, as operator for the Lucky Shot Mine." In March 2016, effective February 1, 2016, an updated NI43-101 Mineral Resource Estimate was completed on the Lucky Shot Project by Hard Rock Consulting, LLC ("HRC") resulting in 121,500 ounces of gold contained in 206,500 tonnes grading an average of 18.3 g Au/t classified as measured and indicated mineral resources. An additional 35,150 ounces of gold contained in 59,000 tonnes grading an average of 18.5 g Au/t are classified as inferred mineral resources, all based on a 5.0 g Au/t cutoff. Combined measured, indicated, and inferred ounces total 156,650 ounces of gold at 18.3 g Au/t. In July 2016, HRC completed an NI43-101 Preliminary Feasibility Study (the "PFS") on the Lucky Shot Project. The PFS includes a mine plan and cost estimate with annual gold production of approximately 25,000 ounces of gold per year (after pre-production and build-up) at an underground mining rate of 200 tonnes per day. The mine plan includes a total of 87,612 ounces of gold contained in 174,500 tonnes at a grade of 15.6 g Au/t in the proven and probable reserve categories. Historic milling achieved 89% gold recovery with gravity processing alone, and recent metallurgical work related to the PFS shows gravity-only milling sufficient for acceptable gold recoveries - resulting in non-toxic tailings. The all-in sustaining cash cost (AISC), from the PFS is US$675 per ounce. At the Lucky Shot Project, gold is found in low-sulfide mesothermal quartz veins within an east-west, shallow, north-dipping, shear zone. The Willow Creek project, formally held by Miranda, is now assigned to AGT LLC under an 80-year lease from Alaska Hardrock Inc, of which 77 years are remaining. The project lies approximately 166 km north of Anchorage by road. The project area is east of the town of Willow and can be accessed by well-maintained gravel roads. It covers the majority of the historical Willow Creek mining district and contains 43 patented lode mining claims and 58 State of Alaska lode mining claims for a total of approximately 10,000 acres (4,000 hectares). Numerous historical mines occur on the property including the Lucky Shot, Coleman, War Baby, Nippon, and Gold Bullion Mines. Gold is commonly coarse, mainly free, and associated with - but rarely occluded in - telluride and minor sulfide. Historical production records for the Willow District indicate that, between 1918 and 1942, more than 500,000 ounces of gold were produced from the project area at an average grade of 37.5 g Au/t. Historical records, geologic evidence, and recent drilling indicate that deep-seated mesothermal quartz veins plunge at about 30 degrees to depth - with continuation of mineralization to at least the mines deepest points. An exploration drift below the level of historic mining cuts the vein and indicates open extensions of mineralization to depth. Exploration drilling by previous operators also shows significant mineralization below mine levels and adjacent to mined areas along strike. Surface assessment work conducted by Miranda in 2014, suggests the vein system at the Lucky Shot Project may extend over 2.5km to the southeast - where historic production of 77,000 ounces was attained on the project from the Bullion Mountain Mine. The highlight of the Miranda sample program was the discovery of three quartz vein sub-crops that assayed 50.74 g/t Au, 17.05 g/t Au, and 18.15 g/t Au. Data disclosed in this press release, has been reviewed and verified by Miranda's Chief Executive Officer, Joseph Hebert, C.P.G., and B.Sc. Geology, a Qualified Person as defined by National Instrument 43-101. Miranda is a gold Prospect Generator active in Alaska and Colombia, whose emphasis is on acquiring gold exploration projects with world-class discovery potential. Miranda performs its own grass roots exploration and then employs a joint venture business model on its projects to maximize our exposure to discovery and minimize financial risk associated with exploration. Miranda has ongoing relationships with Gold Torrent, Inc., and Montezuma Mines Inc. ON BEHALF OF THE BOARDS OF DIRECTORS Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans to continue to be refined; possible variations in ore grade or recovery rates; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.


News Article | February 15, 2017
Site: marketersmedia.com

VANCOUVER, BC / ACCESSWIRE / February 15, 2017 / Miranda Gold Corp. ("Miranda") (TSX-V: MAD) is pleased to announce that its joint venture partner Gold Torrent, Inc, ("GTI") (OTCQB: GTOR) has secured financing to put the Lucky Shot Project near Anchorage, Alaska into production. GTI is forecasting a December 2018 startup date. The financing secured by GTI is comprised of a convertible preferred note and investment agreement with CRH Mezzanine Pte, Ltd, a Singapore private limited company and CRH Funding II Pte, Ltd, a Singapore private limited company - consisting of a US$2,000,000 convertible preferred note ("Preferred Note") and a US$11,250,000 gold and silver prepayment agreement ("Prepayment Agreement"). Concurrent with the closing and funding of the Preferred Note, Miranda and GTI have executed a joint venture operating agreement and formed Alaska Gold Torrent, LLC ("AGT LLC"), an Alaska limited liability company, under which Miranda owns a 30% undivided interest in the Lucky Shot Project. Miranda is entitled to 10% of the AGT LLC after-tax cash flow until US$10m is paid to GTI; then 20% of the after-tax cash flow until the remainder of GTI's investment in AGT LLC, in excess of US$10m is paid; and 30% thereafter. In addition, Miranda has an installment payment option to purchase a 3.3% NSR on Lucky Shot production from a third party. The delivery of refined gold and silver and the repayments under the Prepayment Agreement shall be borne entirely from GTI's calculated after-tax cash flow, its cash allocations, and other cash distributions. Miranda shall be entitled to receive its allocations of calculated after-tax cash flows and resulting cash distributions using calculations based on the after-tax cash flow distributions that would have occurred on an "all equity" basis - showing cash distributions and allocations assuming the Prepayment Agreement had not occurred. Miranda production cash flow proceeds are not burdened by servicing the Prepayment Agreement in any way. Miranda CEO Joseph Hebert comments, "With the financing and forecast start-up of the Lucky Shot Project, Miranda will now advance its strategy of securing near-term cash flow to support its core business of exploration for world-class discovery in Colombia and elsewhere. The Lucky Shot Mine will put Miranda in a unique class of primary explorers with cash flow, while still adhering to its Joint Venture business model as a Prospect Generator." Further, Mr. Hebert notes, "Miranda is fortunate to have an experienced team at Gold Torrent, as operator for the Lucky Shot Mine." In March 2016, effective February 1, 2016, an updated NI43-101 Mineral Resource Estimate was completed on the Lucky Shot Project by Hard Rock Consulting, LLC ("HRC") resulting in 121,500 ounces of gold contained in 206,500 tonnes grading an average of 18.3 g Au/t classified as measured and indicated mineral resources. An additional 35,150 ounces of gold contained in 59,000 tonnes grading an average of 18.5 g Au/t are classified as inferred mineral resources, all based on a 5.0 g Au/t cutoff. Combined measured, indicated, and inferred ounces total 156,650 ounces of gold at 18.3 g Au/t. In July 2016, HRC completed an NI43-101 Preliminary Feasibility Study (the "PFS") on the Lucky Shot Project. The PFS includes a mine plan and cost estimate with annual gold production of approximately 25,000 ounces of gold per year (after pre-production and build-up) at an underground mining rate of 200 tonnes per day. The mine plan includes a total of 87,612 ounces of gold contained in 174,500 tonnes at a grade of 15.6 g Au/t in the proven and probable reserve categories. Historic milling achieved 89% gold recovery with gravity processing alone, and recent metallurgical work related to the PFS shows gravity-only milling sufficient for acceptable gold recoveries - resulting in non-toxic tailings. The all-in sustaining cash cost (AISC), from the PFS is US$675 per ounce. At the Lucky Shot Project, gold is found in low-sulfide mesothermal quartz veins within an east-west, shallow, north-dipping, shear zone. The Willow Creek project, formally held by Miranda, is now assigned to AGT LLC under an 80-year lease from Alaska Hardrock Inc, of which 77 years are remaining. The project lies approximately 166 km north of Anchorage by road. The project area is east of the town of Willow and can be accessed by well-maintained gravel roads. It covers the majority of the historical Willow Creek mining district and contains 43 patented lode mining claims and 58 State of Alaska lode mining claims for a total of approximately 10,000 acres (4,000 hectares). Numerous historical mines occur on the property including the Lucky Shot, Coleman, War Baby, Nippon, and Gold Bullion Mines. Gold is commonly coarse, mainly free, and associated with - but rarely occluded in - telluride and minor sulfide. Historical production records for the Willow District indicate that, between 1918 and 1942, more than 500,000 ounces of gold were produced from the project area at an average grade of 37.5 g Au/t. Historical records, geologic evidence, and recent drilling indicate that deep-seated mesothermal quartz veins plunge at about 30 degrees to depth - with continuation of mineralization to at least the mines deepest points. An exploration drift below the level of historic mining cuts the vein and indicates open extensions of mineralization to depth. Exploration drilling by previous operators also shows significant mineralization below mine levels and adjacent to mined areas along strike. Surface assessment work conducted by Miranda in 2014, suggests the vein system at the Lucky Shot Project may extend over 2.5km to the southeast - where historic production of 77,000 ounces was attained on the project from the Bullion Mountain Mine. The highlight of the Miranda sample program was the discovery of three quartz vein sub-crops that assayed 50.74 g/t Au, 17.05 g/t Au, and 18.15 g/t Au. Data disclosed in this press release, has been reviewed and verified by Miranda's Chief Executive Officer, Joseph Hebert, C.P.G., and B.Sc. Geology, a Qualified Person as defined by National Instrument 43-101. Miranda is a gold Prospect Generator active in Alaska and Colombia, whose emphasis is on acquiring gold exploration projects with world-class discovery potential. Miranda performs its own grass roots exploration and then employs a joint venture business model on its projects to maximize our exposure to discovery and minimize financial risk associated with exploration. Miranda has ongoing relationships with Gold Torrent, Inc., and Montezuma Mines Inc. ON BEHALF OF THE BOARDS OF DIRECTORS Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans to continue to be refined; possible variations in ore grade or recovery rates; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. VANCOUVER, BC / ACCESSWIRE / February 15, 2017 / Miranda Gold Corp. ("Miranda") (TSX-V: MAD) is pleased to announce that its joint venture partner Gold Torrent, Inc, ("GTI") (OTCQB: GTOR) has secured financing to put the Lucky Shot Project near Anchorage, Alaska into production. GTI is forecasting a December 2018 startup date. The financing secured by GTI is comprised of a convertible preferred note and investment agreement with CRH Mezzanine Pte, Ltd, a Singapore private limited company and CRH Funding II Pte, Ltd, a Singapore private limited company - consisting of a US$2,000,000 convertible preferred note ("Preferred Note") and a US$11,250,000 gold and silver prepayment agreement ("Prepayment Agreement"). Concurrent with the closing and funding of the Preferred Note, Miranda and GTI have executed a joint venture operating agreement and formed Alaska Gold Torrent, LLC ("AGT LLC"), an Alaska limited liability company, under which Miranda owns a 30% undivided interest in the Lucky Shot Project. Miranda is entitled to 10% of the AGT LLC after-tax cash flow until US$10m is paid to GTI; then 20% of the after-tax cash flow until the remainder of GTI's investment in AGT LLC, in excess of US$10m is paid; and 30% thereafter. In addition, Miranda has an installment payment option to purchase a 3.3% NSR on Lucky Shot production from a third party. The delivery of refined gold and silver and the repayments under the Prepayment Agreement shall be borne entirely from GTI's calculated after-tax cash flow, its cash allocations, and other cash distributions. Miranda shall be entitled to receive its allocations of calculated after-tax cash flows and resulting cash distributions using calculations based on the after-tax cash flow distributions that would have occurred on an "all equity" basis - showing cash distributions and allocations assuming the Prepayment Agreement had not occurred. Miranda production cash flow proceeds are not burdened by servicing the Prepayment Agreement in any way. Miranda CEO Joseph Hebert comments, "With the financing and forecast start-up of the Lucky Shot Project, Miranda will now advance its strategy of securing near-term cash flow to support its core business of exploration for world-class discovery in Colombia and elsewhere. The Lucky Shot Mine will put Miranda in a unique class of primary explorers with cash flow, while still adhering to its Joint Venture business model as a Prospect Generator." Further, Mr. Hebert notes, "Miranda is fortunate to have an experienced team at Gold Torrent, as operator for the Lucky Shot Mine." In March 2016, effective February 1, 2016, an updated NI43-101 Mineral Resource Estimate was completed on the Lucky Shot Project by Hard Rock Consulting, LLC ("HRC") resulting in 121,500 ounces of gold contained in 206,500 tonnes grading an average of 18.3 g Au/t classified as measured and indicated mineral resources. An additional 35,150 ounces of gold contained in 59,000 tonnes grading an average of 18.5 g Au/t are classified as inferred mineral resources, all based on a 5.0 g Au/t cutoff. Combined measured, indicated, and inferred ounces total 156,650 ounces of gold at 18.3 g Au/t. In July 2016, HRC completed an NI43-101 Preliminary Feasibility Study (the "PFS") on the Lucky Shot Project. The PFS includes a mine plan and cost estimate with annual gold production of approximately 25,000 ounces of gold per year (after pre-production and build-up) at an underground mining rate of 200 tonnes per day. The mine plan includes a total of 87,612 ounces of gold contained in 174,500 tonnes at a grade of 15.6 g Au/t in the proven and probable reserve categories. Historic milling achieved 89% gold recovery with gravity processing alone, and recent metallurgical work related to the PFS shows gravity-only milling sufficient for acceptable gold recoveries - resulting in non-toxic tailings. The all-in sustaining cash cost (AISC), from the PFS is US$675 per ounce. At the Lucky Shot Project, gold is found in low-sulfide mesothermal quartz veins within an east-west, shallow, north-dipping, shear zone. The Willow Creek project, formally held by Miranda, is now assigned to AGT LLC under an 80-year lease from Alaska Hardrock Inc, of which 77 years are remaining. The project lies approximately 166 km north of Anchorage by road. The project area is east of the town of Willow and can be accessed by well-maintained gravel roads. It covers the majority of the historical Willow Creek mining district and contains 43 patented lode mining claims and 58 State of Alaska lode mining claims for a total of approximately 10,000 acres (4,000 hectares). Numerous historical mines occur on the property including the Lucky Shot, Coleman, War Baby, Nippon, and Gold Bullion Mines. Gold is commonly coarse, mainly free, and associated with - but rarely occluded in - telluride and minor sulfide. Historical production records for the Willow District indicate that, between 1918 and 1942, more than 500,000 ounces of gold were produced from the project area at an average grade of 37.5 g Au/t. Historical records, geologic evidence, and recent drilling indicate that deep-seated mesothermal quartz veins plunge at about 30 degrees to depth - with continuation of mineralization to at least the mines deepest points. An exploration drift below the level of historic mining cuts the vein and indicates open extensions of mineralization to depth. Exploration drilling by previous operators also shows significant mineralization below mine levels and adjacent to mined areas along strike. Surface assessment work conducted by Miranda in 2014, suggests the vein system at the Lucky Shot Project may extend over 2.5km to the southeast - where historic production of 77,000 ounces was attained on the project from the Bullion Mountain Mine. The highlight of the Miranda sample program was the discovery of three quartz vein sub-crops that assayed 50.74 g/t Au, 17.05 g/t Au, and 18.15 g/t Au. Data disclosed in this press release, has been reviewed and verified by Miranda's Chief Executive Officer, Joseph Hebert, C.P.G., and B.Sc. Geology, a Qualified Person as defined by National Instrument 43-101. Miranda is a gold Prospect Generator active in Alaska and Colombia, whose emphasis is on acquiring gold exploration projects with world-class discovery potential. Miranda performs its own grass roots exploration and then employs a joint venture business model on its projects to maximize our exposure to discovery and minimize financial risk associated with exploration. Miranda has ongoing relationships with Gold Torrent, Inc., and Montezuma Mines Inc. ON BEHALF OF THE BOARDS OF DIRECTORS Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans to continue to be refined; possible variations in ore grade or recovery rates; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.


News Article | November 3, 2016
Site: globenewswire.com

HOUSTON, Nov. 03, 2016 (GLOBE NEWSWIRE) -- SAExploration Holdings, Inc. (NASDAQ:SAEX) (“SAE” or the “Company”) today announced its consolidated financial results for the third quarter (“Q3”) and nine months ended September 30, 2016. Jeff Hastings, Chairman and Chief Executive Officer of SAE, commented, “While our third quarter results were challenged compared to our first half performance, we are encouraged with how SAE is positioned in this current market environment. Total revenues in the third quarter, excluding Alaska tax credit projects, increased to $32.7 million from $3.0 million in Q3 2015. Our execution in the field remains well above industry norms, and we continue to realize the positive impact of our previously implemented cost reduction initiatives. While we expect similar activity levels in the fourth quarter of 2016 to what we experienced in the fourth quarter of last year, we are optimistic that SAE has entered its trough and activity should begin to improve in 2017.” Mr. Hastings continued, “As illustrated by the growth in our bids outstanding, we are seeing more and more customers developing plans to return to work. We are encouraged by the numerous discussions we’re currently having, which cover diversified opportunities, including onshore and ocean-bottom marine bids, and near-term and multi-year projects. We expect to remain focused throughout the balance of the year and into the beginning of 2017 on converting these opportunities into signed contracts. Most encouraging, however, is our lack of dependence on current activity levels to support our business until our anticipated return to growth in 2017. While difficult to make, the recent decision to recapitalize and restructure the company has given SAE ample liquidity and financial flexibility to provide for our future longevity. With the restructuring behind us, our management team can now focus on ensuring we are optimally positioned to capture and convert the opportunities in front of us. During a very turbulent and volatile period in our industry, we have the ability to maintain a strategic and disciplined focus on the future growth of this company.” Mr. Hastings further commented, “In addition to now having access to the remaining $15 million of funding available under our senior term loan facility, we expect the cash flows generated by monetizing the Alaskan tax credit certificates to replace what otherwise would have been cash flow generated by operations in a stronger market. This is supported by our ability to quickly begin the monetization process shortly after receiving the $24.4 million of initial tax credit certificates, as evidenced by the $2.7 million in proceeds received during the third quarter, and the further $6.5 million in proceeds received in October 2016. As we continue to monetize these initial certificates during the fourth quarter, we look forward to receiving the remaining $60.5 million of tax credit certificates in 2017. Ultimately, we anticipate that the cash flow that can be generated with these tax credit certificates will surpass any level of operating cash flow we’ve produced in prior periods.” Mr. Hastings concluded, “While our hitting the bottom of the cycle may have been delayed somewhat compared to other oil and gas service companies, we are not immune from the sharp and sudden pullback in exploration activity. Our reliable and diversified backlog supported our operational strategy for the last six quarters, and allowed us to flex our strengths and produce strong financial performances, despite lower revenue over the periods. With a sustainable level of revenue generation, supported by a more robust backlog, we are confident in our ability to replicate those performances again once we emerge from our trough. I believe SAE has the correct formula for long-term growth and success. With ample liquidity, a de-levered balance sheet, significantly reduced cash interest expense, and a flexible, asset-light business model that requires minimal capital expenditures to generate revenue, I firmly believe the long-term future is bright for SAE and its stockholders.” Revenues decreased 43.1% to $33.0 million from $57.9 million in Q3 2015, primarily due to a significant decrease in activity in Alaska compared to the same period last year. In the third quarter of 2016, there were no active projects performed in Alaska, compared to multiple projects in the same period last year. However, total revenues excluding Alaska tax credit projects in the third quarter increased substantially to $32.7 million from a comparable figure of $3.0 million in Q3 2015, largely due to the completion of a major project in Bolivia and the progression of smaller projects in Colombia. During the same period in 2015, South America had minimal activity. Gross profit was $1.4 million, or 4.2% of revenues, compared to $13.8 million, or 23.7% of revenues, in Q3 2015. Gross profit for Q3 2016 and Q3 2015 included depreciation expense of $4.1 million and $4.5 million, respectively. Gross profit, excluding depreciation expense, or adjusted gross profit, for Q3 2016 was $5.5 million, or 16.7% of revenues, compared to $18.2 million, or 31.5% of revenues, in Q3 2015. The decrease in gross profit, both in amount and as a percentage of revenue, was largely attributable to the overall reduction in revenue for the period, compounded by fixed-rate depreciation expense on unutilized equipment. Additionally, the third quarter of 2016 included summer maintenance expenses in Alaska, which were not present in the same period last year, and a higher concentration of projects that exhibited customer pricing pressure in South America, compared to projects during Q3 2015 in North America that carried more favorable pricing terms. Selling, general and administrative (“SG&A”) expenses during the quarter were $6.9 million, or 21.0% of revenues, compared to $8.8 million, or 15.2% of revenues, in Q3 2015. The decrease in the amount of SG&A expenses was primarily due to headcount reductions and cost controls implemented in 2015 and additional measures undertaken in 2016. During Q3 2016 and Q3 2015, there were approximately $1.3 million and $1.0 million, respectively, of non-recurring or non-cash expenses included in SG&A. Loss before income taxes was $(16.3) million during the quarter, compared to income before income taxes of $0.2 million in Q3 2015. The decrease in income before income taxes was largely due to lower gross profit and much higher other expense. During Q3 2016, other expense included, among other items, approximately $2.9 million of costs incurred on debt restructuring and approximately $7.5 million of interest expense, of which, approximately $4.4 million was amortization of loan issuance costs. While the costs incurred on debt restructuring are attributable to the restructuring that closed on July 27, 2016, the $4.4 million of amortization of loan issuance costs is expected to continue to impact income before income taxes until the senior term loan facility is repaid in full or matures in January 2018. Net loss attributable to the Corporation for the quarter was $(17.4) million, or $(2.62) per diluted share, compared to $(0.1) million, or $(0.93) per diluted share, in Q3 2015. Net loss was impacted by a number of factors during Q3 2016, including: Adjusted EBITDA, which is defined and calculated below, was $(0.4) million during the quarter, or (1.1)% of revenues, compared to $10.5 million, or 18.1% of revenues, in Q3 2015. Capital expenditures for the quarter were $0.1 million, compared to $0.7 million in Q3 2015. The low level of capital expenditures in both periods was primarily due to the deteriorating conditions in the oil and gas industry, which presented limited to no growth opportunities requiring capital expenditures. Revenues decreased 11.9% to $180.2 million from $204.5 million in the first nine months of 2015. Year-to-date revenues in 2016 were close to evenly split between North America and South America, with revenue contribution during the same period in 2015 much more weighted towards North America. During the first nine months of 2016, South America experienced an increase in the overall amount and size of projects performed, compared to the same period in 2015, while activity levels in North America decreased year-over-year, primarily due to a decline in project opportunities during the second and third quarters of 2016, compared to robust activity levels in the same period last year. Aside from residual revenue related to data processing associated with a major deep water ocean bottom marine project performed in the first half of 2015, Southeast Asia had no active land or marine projects during the first nine months of 2016. Gross profit decreased 13.3% to $44.2 million, or 24.5% of revenues, from $50.9 million, or 24.9% of revenues, in the first nine months of 2015. Gross profit for the first nine months of 2016 and 2015 included depreciation expense of $12.5 million and $13.7 million, respectively. Excluding depreciation expense, adjusted gross profit for the first nine months of 2016 was $56.7 million, or 31.5% of revenues, compared to $64.6 million, or 31.6% of revenues, in the first nine months of 2015. The decrease in gross profit was primarily related to the reduction in active projects, primarily in the third quarter of 2016, while the gross profit, as a percentage of revenue, during the first nine months of 2016 was comparable to the same period in 2015 due to increased cost controls and operational improvements. SG&A expenses during the first nine months decreased 20.9% to $20.9 million, or 11.6% of revenues, from $26.4 million, or 12.9% of revenues, in the same period in 2015. The decrease in SG&A expenses, both in amount and as a percentage of revenue, was primarily due to headcount reductions and cost controls implemented in 2015 and additional measures undertaken in 2016. During the first nine months of 2016 and 2015, there were approximately $2.4 million and $3.3 million, respectively, of non-recurring or non-cash expenses included in SG&A. Income before income taxes was $4.7 million year-to-date, compared to $8.8 million in the first nine months of 2015. The decrease in income before income taxes was largely due to lower gross profit and higher other expense. During the first nine months of 2016, other expense included, among other items, approximately $5.2 million of costs incurred on debt restructuring and approximately $15.6 million of interest expense, of which, approximately $5.2 million was amortization of loan issuance costs. Also included in other expense year-to-date was approximately $2.1 million primarily in unrealized gain on foreign currency transactions. Provision for income taxes was $4.6 million, compared to $1.5 million in the first nine months of 2015. The increase in provision for income taxes was primarily due to income from our foreign businesses. The change in the 2016 effective tax rate was primarily due to a change in valuation allowance related to U.S. operating losses from the debt restructuring for which a tax benefit cannot currently be recognized. Net loss attributable to the Corporation was $(2.9) million, or $(1.26) per diluted share, compared to net income attributable to the Corporation of $3.2 million, or $28.01 per diluted share, in the first nine months of 2015. Year-to-date 2016 net loss was impacted by a number of factors, including: Adjusted EBITDA decreased 6.2% to $38.3 million, or 21.3% of revenues, from $40.8 million, or 20.0% of revenues, in the first nine months of 2015. Capital expenditures for the first nine months of 2016 were $0.8 million, compared to $5.6 million in the first nine months of 2015. Year-to-date 2015 capital expenditures included the payment of some 2014 investments related to the company’s Alaska operations. However, given the state of the industry and the significant reduction in oil and gas activity by exploration and production companies, any significant investment in capital expenditures, particularly in large equipment purchases, is highly unlikely until the broader market demonstrates a consistent and sustainable recovery. Therefore, based on current market conditions, SAE now expects its total capital expenditures for 2016 will be under $2.0 million. On September 30, 2016, cash and cash equivalents totaled $11.5 million, working capital was $35.1 million, total debt at face value, excluding capital leases and net unamortized premiums or discounts, was $106.5 million, and total stockholders’ equity was $60.9 million. Please refer to the section below titled “Restructuring Transactions” for more information regarding the effects of the restructuring and recapitalization transactions and other related information. As of September 30, 2016, SAE’s backlog was $67.5 million. Bids outstanding on the same date totaled $502.7 million. All of the backlog represents land-based projects, primarily in North America and South America. The company expects approximately 29% of the projects in its backlog on September 30, 2016 to be completed during the last quarter of 2016, with the remainder in 2017. The estimation of realization from the backlog can be impacted by a number of factors, including deteriorating industry conditions, customer delays or cancellations, permitting or project delays and environmental conditions. As previously announced, on June 13, 2016, SAE entered into a comprehensive restructuring support agreement (the “RSA”) with holders (the “Supporting Holders”) of approximately 66% of the par value of its 10% Senior Secured Notes due 2019 (the “Existing Notes”), pursuant to which the Supporting Holders and SAE agreed to enter into and implement a comprehensive restructuring of SAE (the “Restructuring”).  In connection with the Restructuring, on June 24, 2016, SAE launched an exchange offer (“Exchange Offer”) and consent solicitation (“Consent Solicitation”) in which SAE offered to exchange any and all of its Existing Notes held by eligible holders in exchange for a combination of new 10% Senior Secured Second Lien Notes due 2019 (the “New Notes”) and shares of SAE’s common stock, par value $0.0001 per share. Upon receipt of the requisite consents in the Consent Solicitation, on June 29, 2016, SAE entered into amendments to its existing revolving credit facility with Wells Fargo (the “Existing Revolver”), the indenture governing the Existing Notes and the related security agreement and amended and restated SAE’s intercreditor agreement (the “Intercreditor Agreement”) relating to the relative priorities, rights, obligations and remedies with respect to the collateral securing SAE’s secured indebtedness. On June 26, 2016, in connection with the Restructuring, SAE filed an amendment to its Second Amended and Restated Certificate of Incorporation to effect a 135-to-1 reverse stock split of its common stock (the "Reverse Stock Split"), with fractional shares cashed out based on the closing price of SAE's common stock. On June 29, 2016, SAE entered into a new senior secured multi-draw term loan facility (the “New Senior Loan Facility”) with the lenders, including the Supporting Holders, from time to time thereunder, which provides, pursuant to a borrowing schedule, up to a maximum amount of $30.0 million.  The New Senior Loan Facility bears interest at a rate of 10% per year, payable in cash, and matures on January 2, 2018, unless terminated earlier. SAE made an initial borrowing under the New Senior Loan Facility on June 29, 2016 in the amount of $5.6 million, which included $0.6 million of borrowings to pay a facility fee under the New Senior Loan Facility, and a second borrowing in an amount of $9.4 million upon consummation of the Exchange Offer on July 27, 2016, as described below.  As a result of having received $24.4 million in face value of tax credit certificates from the State of Alaska’s Department of Revenue, and having substantially satisfied the conditional requirements of the third draw, the Company and a majority of the lenders party to the New Senior Loan Facility entered into Amendment No.1 to the New Senior Loan Facility on October 24, 2016, thereby granting the Company access to the remaining $15.0 million of funding available under the New Senior Loan Facility. In connection with the New Senior Loan Facility, SAE issued 2,803,302 shares of common stock to the lenders thereunder, after giving effect to the Reverse Stock Split. On July 27, 2016, SAE completed the Exchange Offer. In exchange for approximately $138.1 million in aggregate principal amount of Existing Notes, representing approximately 98.7% of the total principal amount of Existing Notes, SAE issued approximately $76.5 million aggregate principal amount of New Notes (inclusive of accrued and unpaid interest on the tendered Existing Notes) and 6,410,502 shares of common stock, after giving effect to the Reverse Stock Split. The New Notes were issued under an indenture (the "New Notes Indenture"), dated as of July 27, 2016, among SAE, its domestic subsidiaries party thereto (the "Guarantors") and Wilmington Savings Fund Society, FSB, as trustee and noteholder collateral agent (the "New Notes Trustee"). The New Notes will mature on September 24, 2019, unless Existing Notes remain outstanding as of 5:00 p.m. New York City time on March 31, 2019, in which case, the holders of a majority of the then-outstanding principal amount of New Notes may advance the maturity date to April 14, 2019. The New Notes bear interest at a rate of 10% per annum, payable in cash, accruing from July 27, 2016. However, through, and including, the July 15, 2017 interest payment date, SAE may, at its option, pay interest on any or all interest payment dates in kind by the issuance of additional New Notes. Interest paid in-kind will accrue on the New Notes at a rate per annum of 11.000%, which is the cash interest rate plus 100 basis points. In connection with the issuance of the New Notes, the New Notes Trustee joined the Intercreditor Agreement on behalf of the holders of New Notes. The Company elected to pay interest due as of September 30, 2016 of approximately $1.5 million in-kind. Pursuant to the Intercreditor Agreement, SAE's obligations under: (i) the Existing Revolver are secured by substantially all of SAE's and the Guarantors’ assets, subject to certain exceptions and permitted liens (the "Collateral"), on a senior first-lien priority basis, (ii) the New Senior Loan Facility is secured by the Collateral on a junior first-lien priority basis, (iii) the New Notes are secured by the Collateral on a second-lien priority basis and (iv) the Existing Notes are secured by the Collateral on a third-lien priority basis. On July 27, 2016, SAE issued two series of warrants (the “Series A Warrants” and the “Series B Warrants”, together, the “Warrants”) to the holders of the Company’s common stock as of July 26, 2016.  The Warrants expire at the close of business on July 27, 2021 (the “Expiration Date”). There are 154,108 Series A Warrants outstanding to purchase up to an aggregate of 154,108 shares of common stock at an initial exercise price of $10.30 per share. There are 154,108 Series B Warrants outstanding to purchase up to an aggregate of 154,108 shares of common stock at an initial exercise price of $12.88 per share. The Warrants may generally be exercised during the period commencing 30 days prior to the Expiration Date, subject to receipt by the Company of certain Alaska tax credit certificates. In connection with the Restructuring, SAE has terminated its 2013 Long-Term Incentive Plan. On August 4, 2016, SAE received stockholder approval to adopt a new 2016 Long-Term Incentive Plan under which 1,038,258 shares of common stock, or 10% of the outstanding shares on a fully diluted basis, were reserved for issuance to SAE’s management. On September 26, 2016, 311,477 shares in the form of stock units and stock options for 311,477 shares of the Company’s common stock at an exercise price of $10.19 per share were granted under the 2016 Long-Term Incentive Plan. After giving effect to the Reverse Stock Split, which will continue to impact share count as physical stock certificates are surrendered and applicable fractional shares are settled in cash, and counting all shares issued in connection with the Restructuring, SAE had 9,343,513 total shares outstanding on September 30, 2016. Further, each of Jeff Hastings (SAE's Chairman of the Board and Chief Executive Officer), Brian Beatty (SAE's Chief Operating Officer), Brent Whiteley (SAE's Chief Financial Officer, General Counsel and Secretary), Mike Scott (SAE's Senior Vice President), Darin Silvernagle (SAE's Vice President - Marine) and Ryan Abney (SAE's Vice President - Capital Markets & Investor Relations) has entered into a new employment agreement with SAE with an initial three-year term. SAE will host a conference call on Friday, November 4, 2016 at 10:00 a.m. Eastern Time to discuss its consolidated financial results for the third quarter and nine months ended September 30, 2016. Participants can access the conference call by dialing (855) 433-0934 (toll-free) or (484) 756-4291 (international). SAE will also offer a live webcast of the conference call on the Investors section of its website at www.saexploration.com. To listen live via the company’s website, please go to the website at least 15 minutes prior to the start of the call to register and download any necessary audio software. A replay of the webcast for the conference call will be archived on the company’s website and can be accessed by visiting the Investors section of SAE’s website. SAE is an internationally-focused oilfield services company offering a full range of vertically-integrated seismic data acquisition and logistical support services in remote and complex environments throughout Alaska, Canada, South America and Southeast Asia. In addition to the acquisition of 2D, 3D, time-lapse 4D and multi-component seismic data on land, in transition zones and offshore in depths reaching 3,000 meters, SAE offers a full suite of logistical support and in-field data processing services, such as program design, planning and permitting, camp services and infrastructure, surveying, drilling, environmental assessment and reclamation and community relations. SAE operates crews around the world, performing major projects for its blue-chip customer base, which includes major integrated oil companies, national oil companies and large independent oil and gas exploration companies. Operations are supported through a multi-national presence in Houston, Alaska, Canada, Peru, Colombia, Bolivia, Brazil, New Zealand and Malaysia. For more information, please visit SAE’s website at www.saexploration.com. The information in SAE’s website is not, and shall not be deemed to be, a part of this notice or incorporated in filings SAE makes with the Securities and Exchange Commission. This press release contains certain "forward-looking statements" within the meaning of the U.S. federal securities laws with respect to SAE. These statements can be identified by the use of words or phrases such as “expects,” “estimates,” “projects,” “budgets,” “forecasts,” “anticipates,” “intends,” “plans,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions. These forward-looking statements include statements regarding SAE's financial condition, results of operations and business and SAE's expectations or beliefs concerning future periods and possible future events. These statements are subject to significant known and unknown risks and uncertainties that could cause actual results to differ materially from those stated in, and implied by, this press release. Risks and uncertainties that could cause actual results to vary materially from SAE’s expectations are described under “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in SAE’s Form 10-Q filed on August 12, 2016, for the period ended June 30, 2016, and as to be updated, amended and restated in SAE’s Form 10-Q to be filed for the period ended September 30, 2016. Except as required by applicable law, SAE is not under any obligation to, and expressly disclaims any obligation to, update or alter its forward looking statements, whether as a result of new information, future events, changes in assumptions or otherwise. We use an adjusted form of EBITDA to measure period over period performance, which is not derived in accordance with GAAP. Adjusted EBITDA is defined as net income (loss) plus interest expense, less interest income, plus income taxes, plus depreciation and amortization, plus non-recurring major expenses outside of operations, plus non-recurring one-time expenses, plus costs incurred on debt restructuring, plus share-based compensation, and plus foreign exchange (gain) loss, less gain on early extinguishment of debt. Our management uses Adjusted EBITDA as a supplemental financial measure to assess: (i) the financial performance of our assets without regard to financing methods, capital structures, taxes, historical cost basis or non-recurring expenses; (ii) our liquidity and operating performance over time in relation to other companies that own similar assets and calculate EBITDA in a similar manner; and (iii) the ability of our assets to generate cash sufficient to pay potential interest cost. We consider Adjusted EBITDA as presented below to be the primary measure of period-over-period changes in our operational cash flow performance. The terms EBITDA and Adjusted EBITDA are not defined under GAAP, and we acknowledge that these terms are not a measure of operating income, operating performance or liquidity presented in accordance with GAAP. When assessing our operating performance or liquidity, investors and others should not consider this data in isolation or as a substitute for net income, cash flow from operating activities or other cash flow data calculated in accordance with GAAP. In addition, our calculation of Adjusted EBITDA may not be comparable to EBITDA or similarly titled measures utilized by other companies since such other companies may not calculate EBITDA or similarly titled measures in the same manner. Further, the results presented by Adjusted EBITDA cannot be achieved without incurring the costs that the measure excludes. The calculation of our Adjusted EBITDA, a non-GAAP measure, from net income (loss), the most directly comparable GAAP financial measure, is provided in the table below. We use an adjusted form of gross profit to measure period over period performance, which is not derived in accordance with GAAP. Adjusted gross profit is defined as gross profit plus depreciation and amortization expense related to the cost of services. Our management uses adjusted gross profit as a substantial financial measure to assess the cost management and performance of our projects. Within the seismic data services industry, gross profit is presented both with and without depreciation and amortization expense on equipment used in operations, and therefore, we also use this measure to assess our performance over time in relation to other companies that own similar assets and calculate gross profit in the same manner. The term adjusted gross profit is not defined under GAAP, and we acknowledge that it is not a measure of operating income, operating performance or liquidity presented in accordance with GAAP. When assessing our operating performance or liquidity, investors and others should not consider this data in isolation or as a substitute for gross profit calculated in accordance with GAAP. In addition, our calculation of adjusted gross profit may not be comparable to gross profit or similarly titled measures utilized by other companies since such other companies may not calculate adjusted gross profit in the same manner. Further, the results presented by adjusted gross profit cannot be achieved without incurring the costs that the measure excludes. The calculation of our adjusted gross profit, a non-GAAP measure, from gross profit, the most directly comparable GAAP financial measure, is provided in the table below:


News Article | February 15, 2017
Site: www.prweb.com

Holland & Hart announced today the addition of Kyle W. Parker and John C. Martin as partners, along with the opening of an office in Anchorage, Alaska. Three additional lawyers will join the firm, in addition to a policy expert. Our 500-lawyer law firm has the largest environmental law practice in the country, as reported by Law360, and the addition of the Anchorage office will augment those strengths and create natural synergies with the firm’s offerings to clients in a myriad of industries. “The practice alignment with Kyle and John and their team is very strong, as is the personal fit,” said Liz Sharrer, chair of Holland & Hart. “Kyle’s pioneering spirit as an Energy and Environment Trailblazer has been recognized by the National Law Journal. John was recently recognized by BTI Consulting as a Client Service All-Star. In addition, the team serves clients in burgeoning Alaska industries (and elsewhere) that align with our firm’s strengths. We have the utmost respect for the firm where Kyle and John and their team have previously served. Crowell & Moring is a world-class firm which has done an excellent job of combining service to the growing Alaska market with a Washington, D.C. connection.” “John, Kyle, and the Anchorage team are highly regarded professionals in the environmental and energy fields,” said Angela B. Styles, chair of Crowell & Moring. “They remain friends of the firm, and we wish them the very best as they align their Alaska practice with the strengths of Holland & Hart.” Kyle Parker (Anchorage, AK) has spent his entire legal career in Alaska counseling clients in the energy and natural resource industries with regard to securing approval for and the implementation of major resource development and energy projects at the state and federal level, from project permitting to negotiating complex agreements. Kyle also defends clients in environmental litigation, from response and cleanup actions, to civil and criminal enforcement actions. John Martin (Washington, D.C.) is a Wyoming native who has practiced and worked in federal government agencies in Washington, D.C. John’s natural resources and environmental litigation practice focuses on complex, cutting edge Clean Water Act, wildlife, offshore oil and gas, and public lands issues on behalf of clients in extractive industries. John represents clients in administrative proceedings before the Interior Board of Land Appeals and the Environmental Protection Agency, and at all levels of court, including several U.S. Courts of Appeals. Tali Birch Kindred (Anchorage, AK) focuses on environmental and natural resource permitting and litigation, natural resource project development, state and federal rulemakings, environmental compliance, and commercial litigation. Tali brings extensive industry and government experience having served as an Assistant District Attorney for the State of Alaska and Regulatory Policy Lead at Shell Exploration & Production, Inc. Jon Katchen (Anchorage, AK) focuses on natural resources project development, defense of governmental and citizen enforcement actions, financing associated with Alaska's oil and gas production tax credits, and complex commercial litigation. Jon also counsels investors and resource development companies regarding economic development opportunities in Alaska. Sarah Bordelon (Washington, D.C.) focuses on environmental permits for major resource and development projects. Sarah also litigates environmental and natural resource matters, participates in proposed state and federal rulemakings, advises clients on environmental compliance and enforcement matters, and conducts environmental due diligence on conventional and renewable energy projects. Drue Pearce (Anchorage, AK and Washington, D.C.) joins the firm as a senior policy advisor. She provides strategic legislative and regulatory advice to a wide variety of natural resources, manufacturing, and energy clients as they navigate government relations, as well as legal and regulatory issues at the various state and federal agencies with jurisdiction over resource development projects. Drue brings a wealth of experience on energy, environment, economic security, and natural resources issues in North America, and specifically in Alaska and Canada. “Holland & Hart is a natural resources powerhouse and has been doing business in Alaska for decades. We know their lawyers well and look forward to working with them. Alaska’s vast resources have never been more vital to the nation’s economic future, and the timing is perfect to join the country’s leading resources legal team at Holland & Hart,” said Kyle Parker. The new Anchorage office will be located at 1029 W. Third Avenue, Suite 550, Anchorage, Alaska 99501. About Holland & Hart Established in 1947, Holland & Hart is a full service, national law firm that today has more than 500 lawyers in 16 offices across the Mountain West and in Washington, D.C. delivering integrated legal solutions to regional, national, and international clients of all sizes. Holland & Hart’s attorneys have consistently been recognized by leading national and international peer and industry review organizations for innovation and dedication to the practice of law. The firm was ranked No. 16 nationally among 300-plus law firms on BTI Consulting Group’s BTI Client Service 30 2016 and for the sixth consecutive year was named to BTI Consulting Group's BTI Most Recommended Law Firms 2016 by corporate counsel. For more information, visit http://www.hollandhart.com.

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