Lundin Mining ( (TSE:LUN) ) has shared an announcement.
Lundin Mining has entered into an exclusivity agreement with Talon Metals Corp. to negotiate an earn-in agreement, allowing it to acquire up to a 70% interest in the Boulderdash exploration properties adjacent to its Eagle Mine in Michigan. This strategic move involves a $5 million advance to Talon and plans to fund up to 30,000 meters of drilling, potentially enhancing Lundin’s stake in the nickel and copper-rich site, thereby strengthening its position in the U.S. mining sector.
More about Lundin Mining
Lundin Mining is a diversified Canadian base metals mining company with operations or projects in Argentina, Brazil, Chile, and the United States, primarily producing copper, gold, and nickel. The company recently announced the sale of its European assets to Boliden, expected to close in mid-2025.
YTD Price Performance: -9.76%
Average Trading Volume: 263,873
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $6.83B
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