Palladium One grabs more critical minerals assets with acquisition of MetalCorp

  • 📰 mining
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Palladium One has agreed to acquire MetalCorp, expanding its critical minerals portfolio in Canada. miningnews

Palladium One Mining is expanding its portfolio of critical mineral assets in Canada with the acquisition of MetalCorp , an Ontario-focused junior miner with two exploration-stage projects and royalty interests in several others.

MetalCorp’s main assets are the North Rock copper-nickel project, which has a historical resource ranging from approximately 920,000 tonnes grading 1.17% copper to 240,000 tonnes grading 2.08% copper, and the Big Lake copper-zinc-gold-silver project. It also holds a royalty portfolio of five exploration-stage projects, the principal royalty being the Hemlo Annex property owned by Barrick Gold.

“This transaction advances our strategy of creating value by responsibly establishing a partnership with a senior producer and growing a portfolio of critical mineral assets in Canada in support of North American critical mineral supply chains, and it also increases liquidity,” Palladium One CEO Derrick Weyrauch said in a media release.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 449. in BUSİNESS

Business Business Latest News, Business Business Headlines