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Midnight Sun Mining Corp V.MMA

Alternate Symbol(s):  MDNGF

Metals & Mining Copper
Midnight Sun Mining Corp. is a Canada-based company, which is focused on exploring its flagship Solwezi Project, located in Zambia. Its property is situated in the heart of the Zambia-Congo Copperbelt. It holds a 60% interest in two mineral prospecting licenses, 21509-HQ-LEL and 12124-HQ-LPL, the Solwezi Licenses, which are held by a subsidiary of Kam Chuen, Zambian Highlight Mining Investment Limited. Its properties comprise 506 square kilometers of prospective geology contiguous to the mine license held by First Quantum Minerals, which includes the Kansanshi Mining Complex. Its target areas include Dumbwa, Mitu, Kazhiba (22 Zone) and Crunch Zone. Dumbwa is a Tier-One exploration target, featuring a remarkable copper soil anomaly. Mitu is a target area located in the southwestern portion of its Solwezi Project. Crunch Zone is situated between the Kazhiba Dome in the northwest and the Solwezi Dome in the southeast. Kazhiba is located 20 kilometers northwest of the Solwezi Dome.


TSXV:MMA - Post by User

Midnight Sun Mining Corp
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Comment by JMark80on Aug 03, 2020 3:42pm
134 Views
Post# 31358306

RE:RE:Midnight Sun USD$51 Million Earn-in Agreement with Rio Tinto

RE:RE:Midnight Sun USD$51 Million Earn-in Agreement with Rio TintoNo stock dilution, but they give up the majority of the project. They currently have 60% WI (I guess they didn't have capital to exercise option to increase to 80%?), but Rio would earn 75% - if it all works out, for only $51mm. 
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Dealroom for high-potential pre-IPO opportunities