CNBC reported three companies have submitted bids for exploration rights for copper, nickel and precious metals.
As quoted in the market news:
Three companies submitted bids to explore and mine for copper, nickel and other metals in Minnesota’s latest mineral rights auction, the Department of Natural Resources said Wednesday.
Duluth Metals LLC bid on nine parcels about six to nine miles northwest of Silver Bay in Lake County; Encampment Minerals Inc. bid on 21 parcels about six to 12 miles south of Hoyt Lakes; and MMG USA Exploration LLC bid on one parcel about five miles southeast of McGregor in Aitkin County, said Kathy Lewis, assistant director of the DNR’s Division of Lands and Minerals. About 9,500 acres are involved.