Noront Resources purchases mining license in Hungary
Canadian precious metals mining company Noront Resources has acquired 75% of an exploration license for an area in Hungary for $60,000, three times the original cost of the license, the company said on Monday.
Noront did not reveal the party it purchased the license from. The license is for a 30 square kilometer area in northeast Hungary, which is known to contain deposits of copper, zinc, lead, molybdenum, gold and silver.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.