The Arctic, the new raw material heaven
The mining business is not easy. New technologies are helpful. In the polar region, exploration and mining are only in their infancy.
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For thousands of years people have been exploring the possibilities of mining. Difficult places are yet to be conquered. Greenland, for example, became particularly interesting at the beginning of the year. US President Donald Trump had the idea that America could buy Greenland - because of the mineral resources. The region is cold and underdeveloped, but rich in mineral resources. Russia is particularly interested. After all, the most important nickel production region lies within the Arctic Circle.
Compared to Russia, the North American Arctic is unexplored. Nevertheless, these isolated areas are attractive to mining companies. Large resource potentials are naturally attractive. Some think that the isolated areas have more potential than some areas of Canada, where access is significantly easier. Finally, the geology of Antarctica is similar to that of Australia and Africa.
What is certain is that the exploitation of raw materials in the polar regions is much more difficult than in other regions. Because low temperatures place special demands on people and machines. It may make more sense to focus on companies operating in mining friendly regions, such as Auryn Resources or Bluestone Resources.
Auryn Resources - https://www.commodity-tv.net/c/search_adv/?v=299172 - has seven precious and base metal projects. The projects (gold and copper) are located in Peru and Canada (British Columbia and Nunavut).
Bluestone Resources - https://www.commodity-tv.net/c/search_adv/?v=299244 - operates the Cerro Blanco Gold Project and Mita Geothermal Project in Guatemala. According to the feasibility study, Cerro Blanco will produce 146,000 ounces of gold per year for the first three years at a low total cost.
Current corporate information and press releases from Auryn Resources (https://www.resource-capital.ch/en/companies/auryn-resources-inc/) and Bluestone Resources (https://www.resource-capital.ch/en/companies/bluestone-resources-inc/).
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