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North Arrow Acquires Destaffany Spodumene Lithium Property, Nwt

Jan 30, 2023•almost 3 years ago

Acquiring Company

North Arrow Minerals

Acquired Company

DeStaffany Spodumene Lithium Property

MiningManufacturingMineralPrecious Metals

Description

North Arrow Minerals Inc. (TSXV-NAR) (“North Arrow”) is pleased to report it has acquired a 100% interest in the DeStaffany lithium property, part of the Yellowknife Pegmatite Province, Northwest Territories as part of an initiative to leverage North Arrow’s knowledge and experience with lithium and other critical metals in northern Canada while continuing to evaluate its portfolio of Canadian diamond properties.

Company Information

Company

North Arrow Minerals

About

North Arrow is a Canadian based exploration company focused on the identification and evaluation of diamond exploration opportunities in Canada. North Arrow’s management, board of directors and advisors have significant successful experience in the global diamond industry. North Arrow’s most advanced diamond project is the Q1-4 diamond deposit at the Naujaat Project (NU), where diamonds recovered from a $5.6M, 1,814 tonne bulk sample are currently being evaluated. North Arrow has also discovered and is evaluating diamond bearing kimberlites at the Pikoo (SK), Mel (NU), Loki (NWT) and LDG JV Projects (NWT). North Arrow also maintains a 100% interest in the Hope Bay Oro Gold Project (NU), located approximately 3 km north of Agnico Eagle’s Doris Gold Mine.

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