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Arizona Sonoran and Rio Tinto's Nuton Enter Into Option Joint Venture Deal

Arizona Sonoran and Rio Tinto's Nuton Enter Into Option Joint Venture Deal

FromMining Stock Daily


Arizona Sonoran and Rio Tinto's Nuton Enter Into Option Joint Venture Deal

FromMining Stock Daily

ratings:
Length:
25 minutes
Released:
Dec 14, 2023
Format:
Podcast episode

Description

Earlier today, Arizona Sonoran Copper announced it has entered into an option to joint venture the Cactus Mine and Parks/Salyer Project to Rio Tinto's Nuton subsidiary. This deal is totalled to be worth $33M in a non-dillutive financing. The deal was announced the day following the Phase I Nuton test results for sulphide material at the project and not included in ASCU's technical economics. CEO George Ogilvie breaks down this deal and what it means for the advancement of the project and the company's finances going forward.
Released:
Dec 14, 2023
Format:
Podcast episode

Titles in the series (100)

Mining Stock Daily is a brief overview of finance and resource exploration news from the world's mining and metals sector. Mining Stock Daily is a quick overview of the day's most important sector information for both precious and base metals, including market trends and analysis.