Hydrocarbon Dynamics (ASX:HCD) entered into a conditional binding agreement with White Cliff Minerals (ASX:WCN) to acquire the Great Bear Copper-Gold-Silver-Uranium Project.
Located in Canada's Northwest Territories, the massive project spans over 2,800km2 and is positioned in a region identified by the NWT Geoscience office as having the highest potential for iron ore-copper-gold-uranium style mineralisation in the country.
The acquisition places HCD in a historically rich mining district. Prior to 1982, neighboring mines produced substantial yields, including 6,200 tonnes of uranium oxide, 34.2 million ounces of refined silver, and over 5,000 tonnes of copper, along with significant quantities of lead, nickel, and cobalt.
Modern exploration efforts since the 1980s—including geological mapping, rock chip sampling, and geophysical surveys—have already identified more than 20 prospective surface expressions of epithermal, skarn, and IOCG-U mineralisation across the property.
Since being granted prospecting permits in 2024, White Cliff Minerals has completed extensive foundational work.
This includes a comprehensive desktop evaluation of historical datasets, the identification of high-priority field targets, and a 2024 field program involving regional mapping and a MobileMT geophysical survey.
At the time of reporting, White Cliff Minerals' share price was $0.017.