Shareholder nod for CanAlaska’s nickel spin-out
Shareholders of TSX-V-listed CanAlaska have approved the company’s plans to spin out its five nickel properties into a new subsidiary, Core Nickel.
Core Nickel will focus on developing nickel properties, while CanAlaska will continue to retain an interest in more than 25 separate property packages and will focus on the development of its uranium properties.
“CanAlaska's shareholders will now own shares in two public companies that are focused on different critical metals including uranium for clean energy generation and nickel for storage and delivery of that clean energy to the end-user," said president and CEO Cory Belyk.
With more than 99% shareholder approval for the spinout of the Halfway Lake, Resting Lake, Hunter, Odei River and Mel properties, totalling 26 174 ha, he added that the support from shareholders was a clear vote of confidence in the strategic vision of the Core Nickel spinout transaction.
"Additional nickel resources must be discovered, and the Thompson Nickel Belt, in Manitoba, is an underexplored tier-one nickel jurisdiction primed for a major new discovery,” said Belyk.
With shareholder approval now in hand, the next step in the spinout process is to obtain final approval from the Supreme Court of British Columbia at a hearing scheduled for October 31.
The arrangement is expected to close in November. Upon completion, it is intended that Core Nickel will be managed by Misty Urbatsch as CEO and president, and Harry Chan, as CFO.
Comments
Research Reports
Projects
Latest News
Showroom
Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...
VISIT SHOWROOM
Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
