Administrative Decision to Use Trust Funds for Trust Land Acquisition TLO File #2014-92

Record of Administrative Decision to Use Trust Funds For Acquisition #2014-92 Notice is hereby given that on August 5, 2014, the Alaska Mental Health Trust Authority (AMHTA) Board of Trustees (Board) made an Administrative Decision to use $15,800,000 of principal funds from the Trust Authority Development account to form and fund a single purpose entity for the purpose of acquiring, …

Fort Knox Mine

Situated approximately 25 miles northeast of Fairbanks, Alaska, the Fort Knox Mine is one of the largest gold producing mines in the state. Fairbanks Gold Mining, Inc. pays The Trust royalties from production, which exceeds 300,000 ounces of gold annually. Development of a “heap-leach” facility has extended the life of the mine allowing low grade ore to be extracted from …