United Park City Mines Co., looking to dig up some new ideas, has retained an investment bank to explore strategic alternatives, including a sale. United, headquartered in Park City, Utah, develops and sells mining property in the aforementioned city. The $36 million market cap firm also announced that it would consider debt financing and joint ventures. In total, United’s mining properties consist of nearly 11,000 acres of land, in addition to 200 acres of unpatented mining claims. The company’s shares last traded May 24, closing at $19.35.
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