04
Oct
12:31
Falcon Butte, Freeport to partner on Nevada's Butte Valley project
Falcon Butte Minerals says it has signed an option/earn-in agreement with Freeport-McMoRan Exploration in connection with the Butte Valley porphyry copper prospect in Nevada, Kallanish reports.
Under the agreement, Arizona-based Freeport can acquire up to an 80% interest in the project in eastern Nevada. It must provide $33 million in two stages for exploration. Upon Freeport earning its 80% interest, any additional exploration will be jointly paid by the two comp…
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Very good overview of the weekly steel market.
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