Duluth Metals, $2.16, symbol DM on Toronto (Shares outstanding: 124.5 million; Market cap: $267.6 million; www.duluthmetals.com), develops and explores for copper, nickel, platinum, palladium and gold. Duluth’s main property is the Twin Metals project in the Duluth Complex in northeastern Minnesota.
Duluth is exploring its Twin Metals project under a joint venture called Twin Metals Minnesota LLC. Duluth owns 60% of the joint venture, and major Chilean conglomerate Antofagasta plc owns 40%. Antofagasta is providing $130 million U.S. in funding. That’s enough to finance the joint venture for the next three years.
The partners have encountered promising mineral showings over a wide area, but they have not yet defined a mineable deposit.
Duluth Metals is okay to hold, but only for aggressive investors
investors
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Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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Changes to this Policy
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