Nevada Copper Reaches Milestone with Passing of Lyon County Land Bill

Nevada Copper Reaches Milestone with Passing of Lyon County Land Bill

It's been a couple of years coming, but with today's passing of the Lyon County Land Bill in the US House of Representatives, Nevada Copper is one step closer to permitting Stage 2 of its Pumpkin Hollow project. The Northern Nevada Land Conservation and Economic Development Act, which includes the Lyon County bill, was passed unanimously on Monday.

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Mickey Fulp: A Hopeful Optimist in Today’s Markets

At this year’s Prospectors and Developers Association of Canada conference, Investing News Network spoke with Mercenary Geologist Mickey Fulp, who is hopefully optimistic in today’s resource market.

Company News

Polar Star and Iron Creek to Merge

Polar Star Mining (TSX:PSR) and Iron Creek Capital (TSXV:IRN) have agreed in principal to merge into one company dubbed "Newco", with Polar Star acquiring all the outstanding common shares of Iron Creek. A non-binding letter of intent has been signed between the two, with a goal of coming to a definitive agreement within 30 days.

Anfield Resources Gets Listing on Frankfurt Stock Exchange

Anfield Resources Gets Listing on Frankfurt Stock Exchange

Anfield Resources announced that common shares of the company are now listed on the Frankfurt Stock Exchange. The company will be listed as "0AD" with a German Securities number of A12A3A. The Frankfurt Stock Exchange is one of the world's largest trading centres for securities.

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Market News

Copper Drops as Dollar Surges

Copper futures fell for a third straight day as a rising dollar cut into the demand for raw materials as alternative assets.

Copper Surge Triggers Stop Spike Event

On Tuesday, Bloomberg reported that copper prices rose to their highest in 13 months on China stimulus reports, triggering a "stop spike event" and halting trades for 10 seconds. The red metal slid back to 0.9 percent to $3.1385 a pound at 11:07 a.m. on Wednesday, according to another Bloomberg article.

Copper Up to $6,920 on China Stimulus News

Copper for delivery in three months on the London Metal Exchange was up 0.28 percent or $19.38 to trade at $6,920 per tonne on Wednesday, according to Reuters.

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