Hecla Signs Definitive Agreement To Acquire ATAC Resources

COEUR D'ALENE,  ID - Hecla Mining Company has entered into a definitive agreement with ATAC Resources Ltd.  to acquire ATAC and its Rackla and Connaught projects in Yukon, Canada.

Under the proposed transaction, the Company’s subsidiary would acquire all of the issued and outstanding shares of ATAC. The Transaction would give ATAC shareholders ownership in the largest silver producer in the U.S. and the projected soon to be largest Canadian silver producer, as well as exposure to increased liquidity and an enhanced capital markets profile. Hecla’s technical expertise, balance sheet strength, and location of assets in Yukon makes Hecla uniquely suited to advance the Rackla and Connaught projects.

“The acquisition of ATAC reflects the continued execution of our strategy of acquiring significant land packages in highly prospective and tier one mining jurisdictions,” said Phillips S. Baker Jr., President and CEO. “The Rackla and Connaught projects would further consolidate our position in Yukon after our strategic acquisition of Keno Hill, which we are developing, and is expected to be the largest and the highest grade primary silver mine in Canada. We look forward to continuing our work with the First Nation of Na-Cho Nyak Dun and the wider Yukon community.”