Eklutna to restore fish habitat, gain money for shareholders.
If there truly is gravel under Native corporation land everywhere in the state, as reported, it could signal a 21st century gold rush.
And for shareholders, it's the Mother Lode.
Unlike revenues from oil extraction, mining and other resource development, which must be shared among Native corporations, gravel is exempted from contribution to the Alaska Native Fund under the Alaska Native Claims Settlement Act.
Eklutna Inc. Corp. understands this and is vigorously extracting gravel for its own benefit and for the communities its lands encompass, such as the Native Village of Eklutna, Eagle River and Birchwood.
