Hayasa Metals announced a non-binding term sheet for a Strategic Exploration Alliance with a major mining company to explore copper and critical metals in southern Armenia's Tethyan Belt. The alliance, funded by the major miner, aims to identify economically viable deposits over a two-year period, with options for the miner to earn up to 70% interest in projects. Hayasa retains operational control initially and plans to start preliminary fieldwork soon. Additionally, Hayasa's Vardenis property option was terminated by Teck, but Hayasa sees ongoing exploration potential there.
Hayasa Metals' recent strategic exploration alliance news is presented here with Basic Materials sector data from Pluang. For readers following Basic Materials, as of Sep 21, 2026 17:43 WIB, 16 of 34 US stocks rose and 15 fell. Among notable movers, LAC rose 1.75% to USD 2.91 with a typical hold time of 24 days, ALB increased 1.60% to USD 112.68 held for 50 days, while HMY declined 1.61% to USD 19.61 with a 44-day hold time.
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