Kodiak and Teck sign letter of intent to establish new copper exploration company
Kodiak Copper has signed a non-binding letter of intent (LoI) with Teck Resources and Kay Copper to establish a new US-focused copper exploration company. As part of the transaction, Kodiak plans to transfer its wholly owned Mohave project, while Teck intends to transfer its wholly owned Copper Hill project, both located in Arizona, to a…