Business
Midnight Sun announces collaboration with Bill Gates backed KoBold Metals to explore Dumbwa Target
(NewsDirect) Midnight Sun Mining Corp Director of Marketing and Communications Adrian O&#...
About this update from Midnight Sun Mining Corp.
[{"type":"text","content":"Midnight Sun announces collaboration with Bill Gates backed KoBold Metals to explore Dumbwa Target\n \n \n (NewsDirect)\n \n \n \n \n Midnight Sun Mining Corp Director of\nMarketing and Communications Adrian O’Brien joined Steve Darling\nfrom Proactive to share significant news with Proactive, announcing\nthe signing of an earn-in agreement with KoBold Metals, facilitated\nthrough their respective Zambian subsidiaries, to explore the Dumbwa\nTarget on Midnight Sun's Solwezi Project in Zambia.\n \n \n O’Brien explained that KoBold Metals, a\nUS-based battery metal exploration and mining company, backed by\nnotable technology investors including Breakthrough Energy Ventures\n(initiated by Bill Gates) and Silicon Valley venture capital firm\nAndreessen Horowitz, will have the opportunity to earn a 75% interest\nin Dumbwa by investing USD$15 million in exploration\nexpenditures.\n \n \n The Dumbwa exploration\ntarget holds strategic importance, situated in the heart of the\nZambia-Congo Copperbelt, and is one of four key prospects within\nMidnight Sun's 506-kilometer Solwezi Project. While KoBold Metals\nfocuses on exploring Dumbwa, Midnight Sun plans to continue\nexploration on its other licenses, as well as the portions of the\nlicense where Dumbwa is located, not subject to the earn-in\nagreement.\n \n \n This partnership with KoBold Metals marks a\nsignificant step forward for Midnight Sun Mining Corp, demonstrating\nits commitment to strategic collaborations and furthering exploration\nefforts in the highly prospective Solwezi Project.\n \n \n \n Contact\nDetails\n \n \n \n \n Proactive North America\n \n \n \n Proactive\nNorth America\n \n \n +1 604-688-8158\n \n \n \n [email protected]\n \n \n \n Copyright (c) 2024 TheNewswire - All rights reserved.\n \n \n","length":2219,"tagName":"div"}]