Nissan and Honda plan to enter into negotiations for a merger to better compete in the rapidly changing automotive industry, the Nikkei newspaper reported on Tuesday.
U.S.-traded shares of Honda were up roughly 2% during midday trading Tuesday. Over-the-counter shares of Nissan jumped more than 11%.reportedly plan to enter into negotiations for a merger to better compete in the rapidly changing global automotive industry, theHonda and Nissan are considering operating under a holding company, and soon will sign a memorandum of understanding, according to the report.
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Company Secures Option to Explore Jersey Valley Property in Favorable SettingUranerz Exploration and Mining Limited has obtained an option to explore the Jersey Valley Property, a site with promising geological indicators for precious metals. The property, located in a favorable structural and lithostratigraphic setting, includes calcareous siltstones and sandstones of the Havallah Formation. Previous exploration efforts have shown limited work, but recent sampling suggests potential for significant mineralization.
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