EMC Metals sells tungsten, vanadium holdings for $5M
Sep 16, 2013 | 04:33 PM
| Daniel Fitzgerald
NEW YORK EMC Metals Corp. has sold its interest in Springer Mining Co. to Americas Bullion Royalty Corp. (AMB) for $5 million.
The deal includes the Springer tungsten mine and mill operations, as well as the Carlin vanadium property and Copper King (tungsten) property, all of which are in Nevada.
EMC has been looking to sell its Springer tungsten mine assets or enlist joint-venture partners to support a restart of operations for several years, with the Reno, Nev.-based company aiming to pay off its debt obligations and focus on its scandium assets.....
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