EV Resources is selling its La Cienega copper project in Arizona to Magnum Mining, retaining a 2% NSR royalty. The move allows EV to focus on antimony and copper projects in Peru and Mexico, amidst rising prices for critical minerals like antimony. With plans to advance its Los Lirios antimony mine in Mexico and Coyote Creek project in Utah, EV aims to capitalize on the strong demand for critical minerals and unlock short-term revenue while building long-term value.
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ACTU boss Sally McManus calls for five-year plan to limit negative gearing, CGT concessions to one investment property
Union boss Sally McManus has called on Labor to limit tax benefits for Australians with multiple investment properties to address intergenerational equity and housing affordability, proposing a five-year plan to restrict negative gearing and capital gains tax to one property. This change could generate $1.5 billion annually and aims to alleviate the housing crisis impacting younger generations, urging Labor to act decisively. Want More Context? 🔎
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