Amarc's CEO called the AuRORA discovery "a significant inflection point" in the exploration of the JOY district with Freeport.
The news of Glencore and Rio’s discussions “has turned up the temperature on an already simmering M&A environment,” RBC Capital Markets analyst says.
The move is expected to become effective Jan. 23, subject to approvals such as a final court order from the Supreme Court of British Columbia.
The Johnson Camp mine is under construction, with first copper production expected in mid-2025.
