Midnight Sun expands Solwezi land package with Mulundu earn-in agreement

Mining Gold & Silver Written by: Angela Harmantas 09:16 Mon 21 Sep 2026 --> Proactive has a commercial relationship with Midnight Sun Mining Corp. This article was produced independently under Proactive's Editorial Standards Policy . Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. She earned a Bachelor of... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Midnight Sun Mining Corp ( TSX-V:MMA OTCQB:MDNGF ) View Price & Profile Midnight Sun expands Solwezi land package with Mulundu earn-in agreement Published: 09:16 21 Sep 2026 EDT Midnight Sun Mining Corp (TSX-V:MMA, OTCQB:MDNGF) has struck a deal to acquire up to an 80% interest in a Zambian licence that geophysical data suggests may host an extension of its high-profile Dumbwa mineralized trend. The company entered into an earn-in and operating agreement with Mulundu Holdings covering the 62 square kilometre Mulundu Licence, adjacent to its Solwezi Project. Recent geophysical interpretation indicates the Dumbwa Trend may bend northwest onto the property, prompting Midnight Sun to move quickly to secure it. "Our recent geophysical work at Dumbwa has demonstrated a remarkable correlation with the known mineralized trend," CEO Al Fabbro said, adding that a reinterpretation of the system suggests it shifts northwest near the top of the geochemical anomaly, potentially extending onto the Mulundu Licence. "When we recognized this, securing Mulundu became a clear priority," he said, noting the acquisition has the potential to meaningfully expand the company's land package and the footprint of Dumbwa. Midnight Sun plans to fold Mulundu into its ongoing Dumbwa exploration program, with early work focused on expanding geophysical and geochemical datasets across the licence to identify drill targets. Under the four-stage agreement, Midnight Sun will pay Mulundu Holdings US$25,000 within a week of signing and secure environmental clearance from Zambian regulators, after which it can earn a 51% stake in the licence within 24 months by sole-funding C$750,000 in exploration spending. It then has the option to earn an additional 29%, for a total 80% interest, by sole-funding a further C$3 million over 36 months. Once the earn-in and sole-funding are complete, the parties will form a joint venture to hold the licence, with each side funding its proportionate interest or facing dilution. A party diluted below 10% will see its stake converted into a 2% net smelter royalty, which Midnight Sun can buy out at any time for C$1 million. Continue reading