Amerasia Basin is the product of two phases of counterclockwise rotational opening about a pole in the lower Mackenzie Valley of NW Canada. Phase 1 opening brought ocean-continent transition crust (serpentinized peridotite?) to near the seafloor of the proto-Amerasia Basin, created detachment on the Eskimo Lakes Fault Zone of the Canadian Arctic margin and thinned the continental crust between the fault zone and the proto-Amerasia Basin to the west, beginning about 195 Ma and ending prior to perhaps about 160 Ma. The symmetry of the proto-Amerasia Basin was disrupted by clockwise rotation of the Chukchi Microcontinent into the basin from an original position along the Eurasia margin about a pole near 728N, 165 W about 145.5-140 Ma. Phase 2 opening enlarged the proto-Amerasia Basin by intrusion of mid-ocean ridge basalt along its axis between about 131 and 127.5 Ma. Following intrusion of the Phase 2 crust an oceanic volcanic plateau, the Alpha-Mendeleev Ridge LIP (large igneous province), was extruded over the northern Amerasia Basin from about 127 to 89-75 Ma. Emplacement of the LIP halved the area of the Amerasia Basin, and the area lying south of the LIP became the Canada Basin.