News and Announcements
Helix Sign $19.5M MoU with Mitsubishi
- Published October 09, 2012 3:28PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Helix has entered into a Memorandum of Understanding [MoU] with Mitsubishi Materials Corporation (MMC) covering the Joshua Copper Project in Region IV Chile, with the intention of the parties to complete the following transaction (without being legally bound).
MMC shall fund $4.5M of exploration activities to advance Joshua over the next 18 months to earn a 20% JV interest [Phase 1], with Helix the Manager. Activities will include drilling of IP and alteration targets to confirm the potential size and grade profile, as well as a High Level Scoping study on technical and financial viability aspects.
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