DM Desktop Metal Inc

EDISON EQUITY RESEARCH: DULUTH’S JV PARTNER ANTOFAGASTA BUYS TMM

Antofagasta has made an offer to buy all of Duluth Metal’s outstanding shares at C$0.45 each in cash. All things considered this is a good deal for Duluth’s shareholders; Antofagasta is one of the few majors that could have the ability to develop the Twin Metals Minnesota (TMM) project, a Tier 1 asset. A decision as to whether a plan of arrangement on the takeover bid will be made by mid-November. The shareholder approval meeting is estimated to be in early January 2015.

Duluth Metals is a TSX-listed Canadian company focused on investigating the Twin Metals Minnesota copper-nickel-cobalt-platinum-palladium-gold-silver project held in JV with Antofagasta (40%) and exploring for similar deposits in NE Minnesota, US.

To view our full report, please click here:
http://www.edisoninvestmentresearch.com/research/report/duluth-metals10

Click here to view all of Edison Investment Research’s published reports