Eurasian Minerals Up 6% on plans to Buy Swedish Royalties, Properties; Commences Exploration

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Eurasian Minerals Inc. (EMX.V) is up 6% after it announced the signing of an agreement to buy from Freeport-McMoRan Copper & Gold Inc. ( FCX ) its wholly owned subsidiary, Phelps Dodge Exploration Sweden AB.

PDES's main assets include 1% net smelter return royalties over two advanced copper projects in northern Sweden (the Viscaria and Adak Projects), as well as two exploration permits and a comprehensive exploration database. In addition, EMX has commenced work on six previously granted exploration permits covering an area of approximately 213 square kilometers over prospective geology south of Kiruna, northern Sweden.




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This article appears in: Investing , Commodities

Referenced Stocks: FCX

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