Western Alaska Minerals Corp. (CVE:WAM – Free Report) – Analysts at Roth Capital increased their FY2024 earnings per share (EPS) estimates for shares of Western Alaska Minerals in a research report issued on Monday, May 13th. Roth Capital analyst M. Niehuser now anticipates that the company will post earnings per share of ($0.10) for the year, up from their prior estimate of ($0.12).

Western Alaska Minerals Trading Up 3.3 %

Shares of CVE:WAM opened at C$0.63 on Wednesday. The stock has a fifty day simple moving average of C$0.70 and a two-hundred day simple moving average of C$0.78. The stock has a market capitalization of C$23.70 million, a price-to-earnings ratio of -2.86 and a beta of 3.50. Western Alaska Minerals has a 12-month low of C$0.47 and a 12-month high of C$2.66.

About Western Alaska Minerals

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Western Alaska Minerals Corp. engages in the acquiring, exploring, and developing mineral properties in the United States. The company primarily explores for gold, silver, copper, lead, and zinc deposits. It holds a 100% interest in the Round Top Property that consists of 92 state mineral claims located in the Mount McKinley and Nulato mining districts of Alaska; the Honker Property that consists of 24 state mineral claims located in the Mount McKinley mining district of Alaska; and the Illinois Creek Mine Project covering a total area of approximately 73,000 acres located in Alaska.

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FAIRBANKS, Alaska (KTVF) – The Centers for Disease Control and Prevention (CDC) reported an increase in overdose deaths within the state of Alaska despite the national decrease reported for 2023.

According to the CDC, reported overdose deaths in 2022 totaled 247 which rose to 356 in 2023. The state showed an estimated 44% increase, ranking the highest out of all 50 states. Opioids were the leading drug class, causing about 70% of the drug overdose deaths in the state.

As for the national data, it showed a decrease in overdose deaths, thus exhibiting progress. The CDC, along with their partners, have coordinated federal efforts for prevention, services and harm reduction. This was a part of the Biden Administration’s Overdose Prevention Strategy aimed at treating addiction and saving lives.

However, the data CDC reported shows 100,000 lives lost just last year to drug overdoses. The CDC has stated they are committed to doing what they can to end this epidemic and prevent unnecessary death and suffering.

The full report with data from the CDC can be accessed here.

Copyright 2024 KTVF. All rights reserved.

A late-session attempt to salvage a proposal that would revive public employee pensions in Alaska died on Tuesday. A simple bill aimed at attracting and retaining more teachers briefly became a vehicle to get the Senate-approved pension program to the House floor.

The Senate approved a pension bill in January that didn’t advance in the House, and there hasn’t been a public sign that the House majority has had a change of heart.

Senate Majority Leader Cathy Giessel, R-Anchorage and the pension bill’s sponsor, introduced the bill’s language as a 52-page amendment to the education bill. The Senate narrowly approved the addition, but Giessel rescinded the amendment after a break.

“It didn’t seem that it was going to make for a productive end to the session,” she said on Tuesday evening after the Senate gaveled out for the day.

Her proposal for a “defined benefit” retirement system has long been a priority of unions and many lawmakers who see it as a means to address high vacancy rates for state jobs.

She said the chance that the pension reboot becomes law this year is “probably zero — but that doesn’t mean it’s not a critical issue, especially for our workforce.”

The reversal came after pushback from the Senate’s pension bill opponents.

Sen. James Kaufman, R-Anchorage, opposed the amendment because he thought it threatened the education bill, which he supports. “The only thing it achieves is crushing the underlying bill,” he said.

House Bill 230 would allow teachers interested in Alaska careers to be compensated for more of their previous experience by eliminating a cap on how many years of out-of-state teaching would be considered when setting salaries.

Rep. Rebecca Himschoot, I-Sitka, proposed the bill. She said the cap is a potential barrier to attracting teaching talent to the state.

Members of the Senate added language that allows an increase in the number of consecutive days a retired teacher may work as a substitute, a change Senate Education Committee Chair Löki Tobin said is crucial to dealing with the state’s teacher shortage because it would allow districts to use qualified teachers while they find permanent hires. There were more than 500 vacant teaching positions at the beginning of this school year.

Lawmakers also approved incentives for teachers with national board certification, an amendment that mirrors a proposal from Sen. Jesse Bjorkman, R-Nikiski.

Töbin urged support for the bill. “It empowers school districts to compete for teachers who are coming from out of state. There’s a growing body of evidence that shows that good and experienced teachers increase student achievement,” she said.

Senators passed the bill with unanimous support; it returns to the House for agreement on the changes.