Minera Ricardo Resources, a wholly-owned subsidiary of Solaris Copper, has entered into a definitive earn-in option agreement with Minera Freeport-McMoRan South America with respect to the Ricardo copper-molybdenum project in Chile. The agreement details a three-stage process whereby Freeport can earn up to an 80% interest in the Ricardo property for gross expenditures of $130 million or $30 million plus the delivery of a feasibility study for a mine.
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