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Canada Nickel Acquires Past Producing Texmont Mine, Highlights High Grade Potential Of Regional Land Package

Dec 19, 2022•almost 3 years ago

Acquiring Company

Canada Nickel Company

Acquired Company

Texmont Mine

TorontoMineralPrecious MetalsManufacturingMining

Description

Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQX: CNIKF) today announced that it has signed a deal to acquire a 100% interest in the past producing Texmont property situated between the Company's Deloro and Sothman properties south of Timmins, Ontario. The Company is also reporting results from the first four holes at Texmont and first five holes targeting higher grade mineralization at Sothman. All nine holes have assays pending.

Company Information

Company

Canada Nickel Company

Location

Toronto, Ontario, Canada

About

Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high growth electric vehicle and stainless steel markets. Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero Nickel™, NetZero Cobalt™ and NetZero Iron™ and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed