Midnight Sun Mining Corp has entered an earn-in agreement to acquire up to an 80% interest in the Mulundu Licence, a 62 square kilometre property adjacent to its Solwezi Project in Zambia. Geophysical data suggests the Dumbwa mineralized trend may extend onto this licence, prompting the company to prioritize its acquisition. Midnight Sun will integrate Mulundu into its Dumbwa exploration program, focusing on expanding geophysical and geochemical surveys to identify drill targets. The deal involves staged payments and exploration spending commitments, with a joint venture formation upon completion.
Midnight Sun's expansion of its Solwezi land package with the Mulundu earn-in agreement is presented here with Pluang's Basic Materials sector data for context. For readers following Basic Materials, as of Sep 21, 2026 20:01 WIB, 23 of 35 priced US stocks rose while 9 fell. Notable movers include Avient Corporation (AVNT) at USD 40.89 with a 1.31% increase and a typical hold time of 14 days, Rio Tinto (RIO) at USD 98.64 up 1.30% with a 5-day hold, and ArcelorMittal SA (MT) at USD 73.42 rising 1.23% with a 35-day hold time.
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