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Tectonic gains invaluable Alaska partner, says CEO Reda

Alaska-focused project developer Tectonic Metals has struck a landmark C$2 million (US$2.43 million) deal with the largest private landholder in Alaska and one of the biggest in North America, Doyon, giving Alaska natives a 22.3% strategic stake in the Canada-based company developing the Tibbs, Seventymile and Northway projects on Doyon land.

Tectonic gains invaluable Alaska partner, says CEO Reda Tectonic gains invaluable Alaska partner, says CEO Reda Tectonic gains invaluable Alaska partner, says CEO Reda Tectonic gains invaluable Alaska partner, says CEO Reda Tectonic gains invaluable Alaska partner, says CEO Reda

Tectonic has gained a significant partner in the Doyon, the largest private landholder in Alaska, which should smooth the exploration and eventual development of the Tibbs project

"For a junior like us to gain a 20%-plus shareholder, at a premium, amid the current economic environment is a value-adding feat in itself," CEO Tony Reda told Mining Journal.