An access road runs between the community of Kobuk and the Bornite camp in the Ambler Mining District. The area has been explored for its mineral potential since the 1950s, and contains a number of significant copper, zinc, lead, gold, silver and cobalt deposits.
One share of the company cost 57 cents just before the Nov. 5 election. It was selling at $1.14 on Wednesday — down from $1.35 on Nov. 21, its highest price in more than two years. The road proposal, led by the state of Alaska with support from the mining companies, has been met with fierce opposition from environmental organizations and some Alaska Native groups., a consortium of about 40 Interior tribes and villages including some that could be affected by road development. Critics say the road and future mining could threaten caribou, fish and other aspects of Indigenous subsistence culture.
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