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.
Mining Stock Daily