TSXV:NOB - Post Discussion
Post by
moneywagon on Apr 23, 2024 10:02am
NOB~UPDATE THIS BB~CNC NEWSWIRE PAYS NOB $350,000K
@Mikeymike426 Canadian Mining News Canada Nickel (TSXV: CNC) Announces Exercise of Mann Property Option with Noble Highlights Canada Nickel acquiring an 80% interest in Mann Property (~11,000 hectares) Includes Mann Northwest, Central and Southeast properties that cover a combined 25 km strike length of nickel-bearing ultramafic rocks Northwest and Central will advance to resource delineation programs while Southeast will be drilled for the first time, all during the 2024 exploration program The option terms include:
(i) Exploration expenditures of $1.7 million on the Property (completed),
(ii) Cash payment to Noble of $350,000 (completed), (iii) Annual cash payments to Noble of $100,000 (current),
(iv) Underlying NSR rights to previous claim owners and to Noble (to be registered).
Mark Selby, CEO of Canada Nickel, commenting on the exercise of the option said, “We are pleased to complete the option agreement with Noble after our successful drill program in 2023 where all 15 holes intersected target mineralization. We are looking forward to further unlocking the potential of these three targets in 2024.” TSX-V: CNC - OTCQX: CNIKF For more information please visit https://insidexploration.com/canada-nickel-announces-exercise-of-mann-property-option-with-noble/ $CNC $NOB $SHL $AAL.L $AEM #Index #Index2 #Boardroom #Nickel ~Insidexploration 7
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