19.9 C
Belgrade
Supported byspot_img
spot_img

Capella to sell Norwegian copper-cobalt projects to NickelX

Member of Europium Groupspot_img
Supported byspot_img

Capella Minerals has agreed to divest its interests in copper-zinc-cobalt projects in Norway to Norwegian mining company NickelX, in a cash and share deal worth C$7m ($5.13m).

These projects include the Hessjøgruva, Kjøli and Løkken projects, collectively called the Central Norway Copper Projects, in Trøndelag province.

NickelX currently owns 100% interests in the Hamn, Palfjellet, Birgivi and Envold nickel exploration projects in northern Norway.

Supported by

The company intends to become Norway’s leading independent battery metals company by undertaking an initial public offering (IPO) on Oslo’s Euronext Growth Exchange.

Under the binding agreement, Capella will receive a C$5m cash payment at the closing of the deal, as well as C$2m worth of new NickelX shares upon completion of the IPO.

Capella president and CEO Eric Roth said: “Capella is pleased to have reached this agreement with NickelX providing for the creation of a premier Norwegian battery metals company.

 

Source: Mining Technology

Supported byElevatePR Digital

Related News

Rio Tinto Assures on 2500 Pages – There is a Solution for Every Danger

Rio Tinto executed a move announced six months ago – they published drafts of environmental impact studies on how harmful the lithium mine in...

Critical Materials Act: Europe’s strategy for securing green technology supply chains

In May 2024, the EU Critical Raw Materials Act (CRMA) came into force, setting ambitious benchmarks for the domestic production and diversification of strategic...

Critical materials and the path to resilience: Europe’s quest for technological independence

The sustainability and resilience of modern economies hinge critically on the availability and management of key raw materials, such as lithium, cobalt and nickel....

“Protect Jadar and Rađevina”: No dialogue with Rio Tinto, their study is illegal

The association "Protect Jadar and Rađevina" announced today that they oppose opening any dialogue with the company Rio Sava Exploration regarding its environmental impact...
Supported by
Supported by
Supported by
error: Content is protected !!