This morning in metals news: Barksdale Resources announced it will acquire 100% of the Sunnyside copper-lead-zinc-silver project in Arizona; meanwhile, Cleveland-Cliffs signs have gone at the former ArcelorMittal Burns Harbor steel mill; and, lastly, the Biden administration has approved the first large-scale offshore wind power project in US waters.
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Barksdale to acquire Sunnyside project
Vancouver-based Barksdale Resources Inc. announced it will acquire 100% of the Sunnyside copper-lead-zinc-silver project in Arizona from Regal Resources Inc.
“The Transaction allows Regal shareholders to participate in a larger, more liquid company that not only holds the consolidated Sunnyside project, but also the 100% owned San Antonio, Goat Canyon, and Canelo copper porphyry exploration projects near Sunnyside as well as the San Javier copper-gold project in Sonora, Mexico,” Barksdale said in a release.
The transaction still requires regulatory approval, in addition to approval by Regal shareholders.
Cliffs signs up at Burns Harbor mill
In December, Cleveland-Cliffs closed on its acquisition of most of ArcelorMittal’s North American assets.