https://www.miningweekly.com
Exploration|Gold|PROJECT
Exploration|Gold|PROJECT
exploration|gold|project

Canada Nickel consolidates and expands land package

23rd April 2021

By: Creamer Media Reporter

     

Font size: - +

TSX-V-listed Canada Nickel Company has entered a transaction to acquire the properties that it previously optioned from Noble Mineral Exploration, plus additional claims in northern Ontario.

Under the terms of the transaction, the current option agreements with Noble Mineral Exploration will be terminated and Canada Nickel will acquire 100% of the optioned claims and other interests in return for 3.5-million of the company's common shares.

"Today's announcement achieves several objectives for us. This acquisition provides us with 100% ownership of our five option properties, adds a sixth property, and allows us to both expand and consolidate Crawford's overall footprint, which is an important step given the scale of the contemplated operation.  This acquisition effectively consolidates all the key nickel targets within Noble's Project 81 land package allowing Noble to focus on the multiple gold/VMS targets in its remaining substantial land package. 

“The transaction also provides Canada Nickel an ability to buy back a portion of the royalties that are available on certain properties,” says Canada Nickel chairperson and CEO Mark Selby.

Noble Mineral Exploration formed Canada Nickel in late 2019 to own the Crawford nickel/cobalt sulphide project.

Edited by Creamer Media Reporter

Comments

Showroom

Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 
Environmental Assurance (Pty) Ltd.
Environmental Assurance (Pty) Ltd.

ENVASS is a customer and solutions-driven environmental consultancy with established divisions, serviced by highly qualified and experienced...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.071 0.111s - 107pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: