The Alaska Industrial Development and Export Authority says it will evaluate support for a mining mill on Gravina (gruh-VEE'-nah) Island in the Ketchikan Gateway Borough.
The Juneau Empire reports a mill and tailings facility on the island would serve the proposed Niblack Mine. The copper, gold, silver and zinc prospect 30 miles southwest of Ketchikan is owned by Heatherdale Resources Ltd.
The created AIDEA to provide financing for businesses that can expand the state economy.
AIDEA spokesman Karsten Rodvik says a memorandum of understanding with a Heatherdale subsidiary, Niblack Project LLC, will allow the mine to move forward with environmental and baseline work.
Rodvik said AIDEA afterward could determine financing options it can provide.
Gravina Island is the site of Ketchikan's airport.