Eagle Mountain and Nittetsu Mining to assess new mineral projects

Eagle Mountain Mining has signed a non-binding memorandum of knowing (MoU) with Japan's Nittetsu Mining to jointly place and see imaginable caller mineral projects.

The statement volition spot the 2 companies collaborate to reappraisal and measure opportunities chiefly focused connected copper, gold, lead, lithium, nickel, metallic and zinc, with the anticipation to see different commodities.

Target locations identified for appraisal see Australia and North America, with different jurisdictions to beryllium considered connected a case-by-case basis.

The scope of projects ranges from early-stage exploration to much precocious exploration, pre-development, and accumulation assets.

Both companies are already partners successful the Oracle Ridge Project successful Arizona, US, and the MoU builds connected their existing collaboration.

The statement sets retired a model for Eagle Mountain Mining and Nittetsu Mining to measure the technical, economic, and strategical aspects of caller projects and to find whether to proceed towards imaginable transactions together.

The MoU is effectual for 24 months, unless some parties hold to widen oregon terminate it.

It does not enforce immoderate binding obligations, but for definite non-circumvention clauses, and does not necessitate either entity to prosecute immoderate resulting transaction.

The statement is non-exclusive, allowing each institution to independently see oregon participate into akin agreements with different parties.

Eagle Mountain Mining enforcement manager Fabio Vergara precocious met Nittetsu's absorption successful Tokyo and visited the company's probe and improvement centre, wherever metallurgical samples from Oracle Ridge are acceptable to beryllium analysed.

Nittetsu overseas mineral resources concern wide manager Shinichiro Mita and Fabio Vergara said: "Nittetsu and Eagle Mountain are keen to turn their concern beyond Oracle Ridge.

"This statement is testament to the prime of the radical involved, the spot we person successful each different and the knowing that by acting collaboratively we tin execute amended outcomes successful this competitory environment.

"We are looking guardant to moving unneurotic with our respective teams to identify, reappraisal and get caller projects susceptible of adding worth to some our companies."

"Eagle Mountain and Nittetsu Mining to measure caller mineral projects" was primitively created and published by Mining Technology, a GlobalData owned brand.