Agnico Eagle Mines Limited, a Canadian-based gold mining company, recently announced its investment in Canada Nickel Company Incorporation. The company’s intention is to develop two world-class nickel-cobalt sulphide deposits, located in the Province of Ontario.
This announcement was made shortly after a comprehensive agreement between Agnico Eagle and Canada Nickel Company. The agreement is focused on the exploration and development of the Canadian nickel-cobalt sulphide deposits on Canada Nickel Company’s Crawford Project.
Agnico Eagle and Canada Nickel have agreed to create a joint venture wherein Agnico Eagle holds an 80 % interest and Canada Nickel a 20% interest. Agnico Eagle will invest up to approximately $25.6 million in cash and finance the acquisition through a two-tranche share purchase. The first tranche of $14.6 million will take place in 2020 and is subject to certain closing conditions.
Agnico Eagle views the collaboration with Canada Nickel as an important growth opportunity that presents attractive upside for shareholders. Agnico Eagle is convinced that the projects offer attractive exploration potential that could lead to the development of world-class nickel-cobalt sulphide deposits.
Canada Nickel is largely optimistic about the joint venture with Agnico Eagle. Canada Nickel’s president and CEO, Mark Selby, is confident that the joint venture will benefit both companies, “The best thing our investors can have is the support of an experienced safe pair of hands, which Agnico Eagle provides. Allowing us to stay focused on our core objective of creating significant shareholder value from the exploration and development of the Crawford Project.”
Agnico Eagle and Canada Nickel Company have taken a major step by agreeing to the terms of their joint venture, which is poised to unlock the potential of world-class nickel-cobalt sulphide deposits. Both companies are confident in their collaboration and are looking forward to success.
Agnico Eagle Mines Limited, a Canadian-based gold mining company, recently announced its investment in Canada Nickel Company Incorporation. The company’s intention is to develop two world-class nickel-cobalt sulphide deposits, located in the Province of Ontario.
This announcement was made shortly after a comprehensive agreement between Agnico Eagle and Canada Nickel Company. The agreement is focused on the exploration and development of the Canadian nickel-cobalt sulphide deposits on Canada Nickel Company’s Crawford Project.
Agnico Eagle and Canada Nickel have agreed to create a joint venture wherein Agnico Eagle holds an 80 % interest and Canada Nickel a 20% interest. Agnico Eagle will invest up to approximately $25.6 million in cash and finance the acquisition through a two-tranche share purchase. The first tranche of $14.6 million will take place in 2020 and is subject to certain closing conditions.
Agnico Eagle views the collaboration with Canada Nickel as an important growth opportunity that presents attractive upside for shareholders. Agnico Eagle is convinced that the projects offer attractive exploration potential that could lead to the development of world-class nickel-cobalt sulphide deposits.
Canada Nickel is largely optimistic about the joint venture with Agnico Eagle. Canada Nickel’s president and CEO, Mark Selby, is confident that the joint venture will benefit both companies, “The best thing our investors can have is the support of an experienced safe pair of hands, which Agnico Eagle provides. Allowing us to stay focused on our core objective of creating significant shareholder value from the exploration and development of the Crawford Project.”
Agnico Eagle and Canada Nickel Company have taken a major step by agreeing to the terms of their joint venture, which is poised to unlock the potential of world-class nickel-cobalt sulphide deposits. Both companies are confident in their collaboration and are looking forward to success.
