Bullboard - Stock Discussion Forum Emergent Metals Corp V.EMR

Alternate Symbol(s): EGMCF

Metals & Mining Industrial Metals & Minerals

Emergent Metals Corp. is a gold and base metal exploration company focused on Nevada and Quebec. Its properties include Casa South Property, Trecesson Property, Troilus North Property, East West Property, Golden Arrow, New York Canyon, Buckskin Rawhide East, Buckskin Rawhide West, Koegel Rawhide, and Mindora (aka West Santa Fe). The Casa South Property, Quebec is located approximately 80... see more

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Emergent Metals Corp > EMR signs JV w/ a RIO subsidiary for NY Canyon proj.

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Post by StockHawk1 on Jan 24, 2023 5:10pm

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/

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Comment by gossamer18 on Jan 25, 2023 1:16am

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Comment by waves1 on Jan 25, 2023 5:55pm

Completely agree - EMR is new on my radar but the JV with RIO is quite significant; there must be a substantial amount of potential for a Copper porphyry if a well-established company like RIO is willing to commit over $20 million for 75% interest on a property.

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