PolarX gains Lundin Mining backing for Alaska project

Canadian base metals miner Lundin Mining has thrown its weight behind the Stellar copper/gold project in Alaska, with a A$4.3-million investment in PolarX, affording the company a 14.3% shareholding in the ASX-listed junior.

The share subscription will make Lundin PolarX’s largest shareholder and secures it an exclusive option to enter into a joint-venture on porphyry copper/gold targets in the Stellar claims.