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Alexco Announces Commissioning and Initial Concentrate Production at the Keno Hill Silver District Mill

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VANCOUVER, BC, Nov. 24, 2020 /PRNewswire/ – Alexco Resource Corp. (NYSE American: AXU) (TSX: AXU) (“Alexco” or the “Company”) is pleased to announce commissioning of the Keno Hill District Mill (the “Mill”) commencing as scheduled, with initial production of lead/silver and zinc concentrates underway. The initial ore source for Mill commissioning is the Bellekeno underground mine where drilling, blasting and extraction of ore from long hole stopes continues. 

Clynt Nauman, Chairman and CEO commented, “Initial commissioning of our mill is a significant milestone on our journey toward establishing Alexco as Canada’s only primary silver producer. This achievement has only been possible with the hard work and determination of all our employees and contractors who have worked safely to deliver this milestone. Congratulations to all! There is still a lot of work ahead in our ramp up and underground development programs at the Bermingham and Flame and Moth operations, which are scheduled to sequentially replace Bellekeno ore feed over the course of the first half of 2021.

Total personnel employed at Keno Hill now includes just over 150 employees and contractors with over 93% residing in either Yukon or British Columbia. In the near term, underground development activities are continuing at both the Flame and Moth and Bermingham mines with focus on advancements of the primary ramps and haulage ways, establishing vent level access and installing remaining underground infrastructure. Contract raise crews are scheduled to mobilize in early December to begin installation of the Bermingham surface raise. The majority of surface infrastructure and mill projects are nearing completion, including the recent commissioning of the Bermingham water treatment plant.

2020 Exploration Program

Alexco’s surface exploration drilling program, which is testing the Bermingham “deep” target, is complete with drilling and surface exploration crews scheduled to demobilize by the end of November. In total, this year’s surface exploration program drilled 7,653 meters with 11 holes reaching the target zone and incurring a direct program cost of approximately $3.5 million. Results from this drilling program are expected to be released next month or in January 2021, depending on receipt of assay results. In the meantime, underground infill and extension/exploration drilling will begin as scheduled in early 2021.

COVID-19 Update, Ramp Up Schedule

On November 20, 2020, the Yukon Government announced 14-day self isolation requirements for persons entering Yukon that are not deemed critical workers. The Company is preparing an operations plan to firstly, maintain development activities at Keno Hill while adhering to current health directives and Yukon government’s travel restrictions and secondly, assessing the longer-term scheduling impact of alternative development and ore supply strategies in light of new COVID-19 protocols and restrictions.

Qualified Persons

The disclosure in this news release of scientific and technical information regarding exploration projects on Alexco’s mineral properties has been reviewed and approved by Alan McOnie, FAusIMM, Vice President, Exploration, while that regarding mine development and operations has been reviewed and approved by Neil Chambers, P.Eng., Chief Mine Engineer, both of whom are Qualified Persons as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

About Alexco                                                                       

Alexco is a Canadian primary silver company that owns and operates the majority of the historic Keno Hill Silver District, in Canada’s Yukon Territory, one of the highest-grade silver deposits in the world. Alexco is currently advancing Keno Hill to production and expects to start concentrate shipments in Q4 2020. As per Alexco’s 2020 pre-feasibility study, Keno Hill is expected to produce an average of approximately 4 million ounces of silver per year contained in high quality lead/silver and zinc concentrates. Total production over an 8-year mine life is estimated at 1.18 million tonnes of ore at an average rate of 430 tonnes per day at an average grade of 805 grams per tonne. Keno Hill retains significant potential to grow and Alexco has a long history of expanding the operation’s Mineral Resources through successful exploration.

www.alexcoresource.com

Some statements (“forward-looking statements”) in this news release contain forward-looking information plans related to Alexco’s business and other matters that may occur in the future, made as of the date of this news release. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements. Such factors include, among others, risks related to risks and uncertainties relating to the COVID-19 pandemic including but not limited to business closures, travel restrictions,  quarantines and a general reduction in consumer activity; actual results and timing of exploration and development, mining, environmental services and remediation and reclamation activities; future prices of silver, gold, lead, zinc and other commodities; possible variations in mineral resources, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; First Nation rights and title; continued capitalization and commercial viability; global economic conditions; competition; and delays in obtaining governmental approvals or financing or in the completion of development activities. Forward-looking statements are based on certain assumptions that management believes are reasonable at the time they are made. In making the forward-looking statements included in this news release, Alexco has applied several material assumptions, including, but not limited to the circumstances surrounding the COVID-19 pandemic, although evolving, will stabilize or at least not worsen; that the extent to which COVID-19 may impact the Company, including without limitation disruptions to the mobility of Company personnel, costs associated with implementation of health and safety protocols, increased labour and transportation costs, and other related impacts, will not change in a materially adverse manner; Alexco will be able to raise additional capital as necessary, that the proposed exploration and development activities will proceed as planned, and that market fundamentals will result in sustained silver, gold, lead and zinc demand and prices. There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Alexco expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

SOURCE Alexco Resource Corp.

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Source: https://www.prnewswire.com:443/news-releases/alexco-announces-commissioning-and-initial-concentrate-production-at-the-keno-hill-silver-district-mill-301180141.html

Energy

Dakota Power wins N.J. project approval, has billion-dollar solar plans

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In addition to the 50 MW project, Dakota Power Partners has proposed developing at least five more utility-scale solar facilities across the Garden State.

Dakota Power Partners, which said it intends to invest $1 billion in utility-scale solar in New Jersey, has won approval for the developer’s first solar farm as part of what could become a large project portfolio.

The Millville Planning Board unanimously approved the 50 MW solar farm during its monthly meeting on January 12, clearing the way for construction to begin by year’s end. Called Nabb Solar I, the project will be located in western Millville and is anticipated to begin operation in fall 2022.

Timothy Daniels, Dakota’s principal and co-founder, said the local officials were “quick to see the value of this project.”

Over the 30-year expected life of the project, Nabb Solar I is estimated to generate a total of approximately $7.8 million in taxes. Dakota said it will pay annual real estate taxes of approximately $102,295 to the City of Millville, $67,547 to Millville Public Schools, and $98,166 to Cumberland County, for a total of $268,008 in local taxes per year.

Joe Derella, director of the Cumberland County Board of Commissioners, called the project a “massive $70 million investment in our region” that will create hundreds of jobs.

“This is what the future of energy looks like in New Jersey,” said Millville Mayor Mike Santiago.

Nabb Solar I is one of six similar New Jersey projects being proposed by Dakota Power Partners, which has offices in Millville and Denver, Colorado. In total, Dakota is proposing a $1 billion utility-scale solar investment in the Garden State.

Utilizing a portfolio of utility-scale solar and solar+storage projects across the state, the company said it intends to achieve generating capacity totaling more than 1 GW in New Jersey.

According Dakota, the company has participated in the development of more than 3.15 GW of operating and in-construction wind and solar projects around the U.S., representing an aggregate capital investment in rural communities in excess of $3.8 billion.

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Source: https://pv-magazine-usa.com/2021/01/25/dakota-power-wins-n-j-project-approval-has-billion-dollar-solar-plans/

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National lab and Youngstown State partner to develop battery manufacturing workforce

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Electric vehicle

The U.S. Department of Energy’s (DOE) Oak Ridge National Laboratory is partnering with Ohio’s Youngstown State University on a $1 million project to advance workforce development for the battery manufacturing industry.

According to the DOE, the new Energy Storage Workforce Innovation Center will serve as a training center based in the Midwest. It will support the battery and electric vehicle (EV) manufacturing industry in the northeast region of Ohio–referred to as “Voltage Valley” due to the EV sector’s regional investments–by helping supply a capable workforce.

The DOE said the U.S. is in a period of “tremendous advancement in battery technologies, presenting new opportunities for electric vehicles and energy storage systems,” and it’s essential to “prepare a workforce that will lead the next generation of energy storage technologies into practice.”

This effort supports the DOE’s Energy Storage Grand Challenge, which draws on the research capabilities of the U.S. national laboratories, universities, and industry to accelerate the development of energy storage technologies. The DOE added that the Energy Storage Grand Challenge Roadmap outlines a department-wide strategy to accelerate innovation across a range of storage technologies and develop a skilled workforce based on three concepts: Innovate Here, Make Here, and Deploy Everywhere.

U.S. Rep. Tim Ryan, representing Ohio’s 13th District, called this new partnership a “great example of how government can work to bolster efforts on the ground in our community to dominate in the clean energy economy.”

The $1 million project is sponsored by the DOE’s Office of Energy Efficiency and Renewable Energy’s Vehicle Technologies Office and the Advanced Manufacturing Office.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Source: https://pv-magazine-usa.com/2021/01/25/national-lab-and-youngstown-state-partner-to-develop-battery-manufacturing-workforce/

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Energy

Drought conditions could impact power generation in the West

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Ongoing drought and low snowpack mean that hydro production at two big dams could be impacted, affecting the West’s power supply in 2021.

Ongoing drought in parts of the West could trigger water conservation measures across seven states this year.

It would mark the first time that cutbacks outlined in drought contingency plans drafted two years ago have been put in place.

Everything from hydroelectric power generation to agricultural production to the bubbling fountains at Las Vegas casinos could be impacted.

Impacts on hydro generation could have ripple effects across the Southwest, including solar and energy storage.

A forecast released in mid-January by the U.S. Bureau of Reclamation said that the federally owned Lake Mead and Lake Powell — the nation’s two largest reservoirs and critical storage for Colorado River water and its 40 million users — are both approaching near-record-low levels. If those levels continue dropping as expected, agreements signed by the seven Colorado River Basin states in 2019 will go into effect, with water deliveries curtailed to keep the federal government from stepping in and imposing cuts of its own.

The Upper Colorado River basin region includes all or parts of Arizona, Colorado, Idaho, Nevada, New Mexico, Texas, Utah, and Wyoming. Drought has been an ongoing problem across much of the region for most of the century. The Bureau of Reclamation’s latest quarterly report showed Lake Powell at 42% of capacity and Lake Mead at 40%.

Three hydro plants that could be affected as water levels fall are the 1,312 MW station built at Glen Canyon Dam in 1964, and two hydro plants at Hoover Dam, which were built in 1936 and have a combined capacity of 2,078 MW.

In 2019, the Glen Canyon station generated nearly 4 million MWh of electricity. Combined, the two Hoover Dam stations generated roughly 3.4 million MWh, according to S&P Global.

The Bureau of Reclamation said in its report that during the 21-year period from 2000 to 2020, inflow to Lake Powell, which is a good measure of hydrologic conditions in the Colorado River Basin, was above average in only four of the past 19 years. It said the period 2000-2020 was the lowest 21-year period since the closure of Glen Canyon Dam in 1963.

The report said that under the current most probable forecast, the total water-year 2021 inflow to Lake Powell would be 5.72 million acre-feet, or roughly 53% of average.

If worst-case projections materialize, the water level at Lake Powell could drop below a critical level — measured as 3,525 feet above sea level — in early 2022, threatening the ability of Glen Canyon Dam to generate electricity.

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Source: https://pv-magazine-usa.com/2021/01/25/drought-conditions-could-impact-power-generation-in-the-west/

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Clorox achieves renewables goal for U.S., Canadian operations four years early

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The manufacturer reached its target with the help of a 70 MW virtual power purchase agreement with a Texas solar project.

The Clorox Co., whose products help consumers clean their homes and businesses, has turned to renewables to help clean the environment.

In an announcement, Clorox said it has reached its goal to power the company’s U.S. and Canadian operations using 100% renewable electricity. Part of the corporation’s environmental, social, and governance commitments, the target was achieved four years earlier than originally planned, thanks, in large part, to a solar contract.

In 2019, Clorox signed a 12-year virtual power purchase agreement (VPPA) to buy 70 MW annually from Enel Green Power’s Roadrunner solar project in Texas. Enel kicked off construction on the 497 MW Roadrunner facility in 2019 and completed the two-phase project in late 2020, making it one of the largest solar plants in the Lone Star State.

Moving forward, Clorox will maintain its 100% renewable electricity goal through the VPPA and other market purchases of renewable energy credits. Schneider Electric Energy & Sustainability Services advised the company on the deals.

Ed Huber, Clorox’s chief sustainability officer, said the manufacturer feels “a sense of urgency to address climate change” and recognizes “businesses play an important role in driving needed progress.”

Clorox also joined a coalition of other corporations–including Amazon, McDonalds, Pepsi Co., Walmart, and Facebook–calling on the Biden Administration to help pave the way for a zero-carbon U.S. power sector.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Source: https://pv-magazine-usa.com/2021/01/25/clorox-achieves-renewables-goal-for-u-s-canadian-operations-four-years-early/

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