NANA | Annual Meeting recap |
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RED DOG MINE
Looking ahead, Red Dog Mine is anticipating exhausting its ore source in 2031 – just six years away. To prepare for the future, NANA is working closely with Teck to explore the Anarraaq and Aktigiruq deposits on State Lands to extend mine life, with a primary focus on determining whether Aktigiruq can be developed into an underground source of ore. These projects require years of study to assess their economic and technical feasibility.
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considerations. Extending the mine’ s life is vital for maintaining shareholder jobs, royalty revenues, and the Northwest Arctic Borough’ s financial health, which depends on Red Dog for more than 80 % of its budget. |
NANA is also exploring opportunities with Ambler Metals in the Upper Kobuk Mineral Projects, ensuring any development upholds our values and respects the land. Protecting the environment, subsistence resources, and community benefits guides every |
decision, with a commitment to thoughtful stewardship and honoring our responsibility to future generations. |
Teck has achieved a major milestone with the approval of the Section 404 permit from the U. S. Army Corps of Engineers, allowing construction of an exploration access road. This road is essential for transporting equipment and materials for extensive studies. Pre-feasibility studies for the Aktigiruq project are also underway, marking a critical step in assessing its long-term potential. |
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Community engagement remains a priority, with strong support from leaders in Noatak and Kivalina helping to shape environmental, technical, and community |
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AMBLER ACCESS PROJECT UPDATE |
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The NANA Board of Directors decided in May 2024 to withdraw from the Ambler Access Project. This decision reflects unmet criteria, insufficient consultation, and concerns about the project’ s alignment with our values and community interests. No proposed approach has met our criteria or earned our confidence. If a new proposal that aligns with our values is presented, we would be open to gathering further input from our shareholders and communities.
This content is provided directly to our shareholder audience only.
Taikuu
We are committed to maximizing opportunities and benefits for shareholders while protecting our lands and subsistence.
Enabling the creation of jobs for our people is one of these important factors to consider, and the NANA board is deeply committed to shareholder employment.
SHAREHOLDER EMPLOYMENT
This past year, we held a Shareholder Employment Strategy Offsite Meeting where we took a serious and significant look at shareholder employment- the opportunities, the challenges, and the solutions. Several actions came out of the offsite meeting that I want to share with you. First of all, we are doing a paradigm shift in how we look at shareholder employment. Historically, we have focused entirely on employment at NANA or one of our subsidiaries. Now, we are looking to support shareholders in their careers, no matter the job or industry- whether within our family of companies or beyond. This shift is giving us a broader and more robust way to support our shareholders in reaching their career goals.
At NANA, we are exploring many different ways to improve the quality of life for our shareholders.
QUALITY OF LIFE
NANA is committed to enhancing shareholder well-being through holistic initiatives addressing housing, cost of living, education, and community development.
Tackling the Housing Crisis: To address the urgent need for safe and affordable housing, a housing summit will be held in 2025 in partnership with the Northwest Inupiat Housing Authority. This summit aims to identify challenges and potential solutions to expand housing opportunities across the region.
Reducing the Cost of Living: NANA has implemented a 20 % fuel discount over the past three years to help ease the burden of high energy costs, benefiting families and communities alike.
Investing in Education: Over the past three years, $ 1.5 million has been allocated to fully fund pre-K programs and $ 3 million to support the Northwest Arctic Borough School District, ensuring a strong foundation for the next generation.
Empowering Communities: An additional $ 11 million has been allocated to the Village Economic Investment program, increasing the total to $ 44 million($ 4 million per village). These funds support community-driven projects to build strong and sustainable futures.
In summary, there are so many reasons to be proud of our corporation. To conclude my board report, we would like to show a short video of a few highlights from this past year.
You can watch the video by scanning the QR code.
4 The Hunter | 2025 June