Currently viewing Global edition

Injunction halts Sumitomo-Northern Star Alaska deal

An initial injunction in favour of privately held Nevada firm Great American Minerals Exploration (GAME) has put the brakes on a deal struck between Japan-based Sumitomo Metal Mining and Australian gold leader Northern Star Resources on prospective gold claims in interior Alaska near the Northern Star-operated Pogo mine.

Injunction halts Sumitomo-Northern Star Alaska deal Injunction halts Sumitomo-Northern Star Alaska deal Injunction halts Sumitomo-Northern Star Alaska deal Injunction halts Sumitomo-Northern Star Alaska deal Injunction halts Sumitomo-Northern Star Alaska deal

GAME has won a temporary injunction against Sumitomo Metal Mining, prohibiting the Japanese company from selling certain claims in Alaska to Australia-based Northern Star Resources

The Alaska Superior Court sided with GAME, protecting its rights to acquire the mining claims, which the company had explored under an option agreement with Sumitomo signed in 2018.