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.