From TokenPost · · 50s
U.S. Awards $249M for Port MacKenzie Rail Extension
U.S. grants $249 million to Alaska Railroad for Port MacKenzie rail extension to support Nova Minerals' antimony hub.
In brief
U.S. grants $249 million to Alaska Railroad for Port MacKenzie rail extension to support Nova Minerals' antimony hub. U.S. government funds $249 million rail extension for Alaska Railroad to connect to Nova Minerals' antimony processing facility in Port MacKenzie. Originally reported by TokenPost.
U.S. Funding for Rail Extension
U.S. government selected Alaska Railroad Corporation for up to $249,052,399 in funding for Port MacKenzie rail extension to serve Nova Minerals Corp.'s antimony processing hub.
Project Scope and Costs
The 32-mile line connects Alaska port to railroad main line, estimated at $311 million with $62 million nonfederal contribution from Matanuska-Susitna Borough and Alaska Industrial Development and Export Authority.
Antimony Facility Timeline
Nova targets first production from pilot-scale antimony facility in 2027 with separate $43.4 million Defense Production Act award supporting the project.
The essence
U.S. government funds $249 million rail extension for Alaska Railroad to connect to Nova Minerals' antimony processing facility in Port MacKenzie.
