RXM 2.97% 26.0¢ rex minerals limited

https://abcnews.go.com/US/wireStory/biden-plan-overhaul-151-year-...

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    https://abcnews.go.com/US/wireStory/biden-plan-overhaul-151-year-mining-law-make-103134340

    WASHINGTON -- The Biden administration is recommending changes to a 151-year-old law that governs mining for copper, gold and other hardrock minerals on U.S.-owned lands, including making companies for the first time pay royalties on what they extract.
    ..

    The White House plan would impose a variable 4% to 8% net royalty on hardrock minerals produced on federal lands.


    Can only be a positive for the likes of RXM Aussie assets.. not so good for the US project..

    Still, I don't think it will pass with the REP in the house


 
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