EMC expanding portfolio with TTS buy
Nov 25, 2009 | 10:20 AM
| Tom Jennemann
Specialty metals miner EMC Metals Corp. plans to buy The Technology Store Inc. (TTS) with the goal of improving recoveries in the extraction of tungsten, boron, lithium, scandium, titanium and nickel.
Vancouver, British Columbia-based EMC said it will issue 19 million common shares, pay $500,000 in cash and issue a promissory note worth $500,000 with a principal maturity of two years.
The acquisition of the Nevada company will provide EMC with access to certain assets used in connection with mining activity, as well as exclusive access to the extraction technologies, the company said.....
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