EMR signs JV w/ a RIO subsidiary for NY Canyon proj. Emergent Metals (EMR.v EGMCF) has signed a joint venture deal with a subsidiary of the massive global mining company Rio Tinto (RIO).
The RIO subsidiary will be able to earn a 75% interest in EMR's New York Canyon Copper project by completing $22.5 M of exploration work on the project.
Not only does this deal show that RIO has a lot of confidence in EMR NY Canyon project, but it also means that EMR is will-capitalized to explore its other copper projects.
For an in-depth analysis of this news and EMR as a whole, check out this article: https://smartstreetinvesting.com/emr/