Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Canadian Miner to Acquire Nickel Copper Cobalt Producer

Stockhouse Editorial
2 Comments| May 16, 2022

{{labelSign}}  Favorites
{{errorMessage}}


(Raven Quarry Property image via Sanguinetti Engineering Ltd.)


A Canadian mineral exploration company focused on the acquisition, exploration and development of gold properties announced on Monday that it had acquired the only nickel copper cobalt PGM producer in British Columbia.

Evolution Global Frontier Ventures Corp. (CSE: EGFV, Forum) stated that it had signed a nonbinding Letter of Intent to acquire the Raven Quarry Property, located in Harrison, British Columbia.

The property has an architectural and structural black granite Pyroxene Gabbro dimension stone located on the property. The owners had a previous estimate provided by a third-party engineering firm that calculated the estimated volume of recoverable dimension stone to be approximately 165mm tonnes based on a review of past diamond drilling and limited past production.

The Raven project is located 15 km to the northwest of the former producing BC Nickel Mine and occurs within the same geological setting and is prospective for nickel copper mineralization.

EGFV intends to issue a minimum of 1 million commons shares in trust to be applied towards the closing as part of the purchase price which will be subject to a third-party valuation and final negotiations between the parties.


New to investing in Metals & Mining? Check out Stockhouse tips on some of our Top Metals & Mining Stocks.

For more of the latest info on Metals & Mining stocks, check out the Metals & Mining Trending News hub on Stockhouse.



{{labelSign}}  Favorites
{{errorMessage}}

Comments

No comments yet. Be first to comment!

Leave a Comment

You must be logged in to be able to post a comment.

Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today