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Midnight Sun Mining Corp V.MMA

Alternate Symbol(s):  MDNGF

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 > Good News....First Quantum to expand Kansanshi
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Comment by thankmelateron May 09, 2022 1:45pm
120 Views
Post# 34667744

RE:Good News....First Quantum to expand Kansanshi

RE:Good News....First Quantum to expand Kansanshi
Nice catch Magnum2 . Two things stand out for me on this article :

The Zambian government is ridding corruption and attracting foreign investment with reform to the fiscal regime . They understand the importance of copper to the economy to increase employment and government revenues -yet mindful of powering Zambian enterprise  sustainably. 

The result is a 1.25 Billion  expansion of the Kansanshi mine by  First Quantum on their S3 project

This can only be very good for us in spite of our diminuative market cap .
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