AMM.com Copying and distributing are prohibited without permission of the publisher
Email a friend
  • To include more than one recipient, please separate each email address with a semi-colon ';', to a maximum of 5


Vulcan finalizes buy of Nortec's Tasisuak Lake property in Canada

Keywords: Tags  Vulcan Minerals, Nortec Minerals, Tasisuak Lake, nickel-copper mine, nickel, copper, Daniel Fitzgerald


NEW YORK — Canada’s Vulcan Minerals Inc. has completed its purchase of Nortec Minerals Corp.’s 51-percent stake in the Tasisuak Lake nickel-copper property in northern Labrador, giving Vulcan full ownership of the project.

The deal, which was first announced in February ( amm.com, Feb. 15), has received all regulatory approvals, according to St. John’s, Newfoundland-based Vulcan.

As part of the deal, Vancouver, British Columbia-based Nortec will take 1 million common shares of Vulcan while also retaining a 1-percent net smelter return royalty.

The Tasisuak Lake property is situated about 31 miles northwest of the Voisey’s Bay nickel-copper mine operated by Brazil’s Vale SA.


Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.



Latest Pricing Trends

AMM Events