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    Silver Elephant Mining to acquire Minago Nickel Project

    2021-01-26 12:02:44   [Print]
    Canada's Silver Elephant Mining recently announced that it entered into a binding definitive asset purchase agreement with Victory Nickel to acquire the Minago Nickel Project located in Thompson nickel belt, Manitoba, Canada for $11.Asian Metal Copyright On closure, Silver Elephant will also subscribe for 40M shares of Victory Nickel at $0.Asian Metal Copyright68M, consisting of $6.Asian Metal Copyright Transaction closure is expected by Feb.Asian Metal Copyright7M credit against certain secured debt owed by Victory Nickel to Silver Elephant at closing and $5M in Silver Elephant shares.

    Also, Silver Elephant will agree to issue to Victory Nickel C$2M in shares on nickel price exceeding $10/pound for 30 consecutive business days, occurring before Dec. 31, 2023.

    On closure, Silver Elephant will also subscribe for 40M shares of Victory Nickel at $0.025/share.

    Transaction closure is expected by Feb.9, 2021.

    .Asian Metal Copyright Also, Silver Elephant will agree to issue to Victory Nickel C$2M in shares on nickel price exceeding $10pound for 30 consecutive business days, occurring before DecAsian Metal Copyright
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    Unit:RMB/mt
    Nickel Sulfate Ni 22%min; Co 0.05%max Delivered China RMB/mt
    China nickel sulfate producers' suspension number statistics by province by month
    Unit: pcs
    China nickel sulfate producers' suspension number statistics by province by month
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