12
Nov
15:06
NICKEL, COPPER: Nova signs Twin Metals royalty agreement
Vancouver, British Columbia-based Nova Royalty Corp has inked a royalty purchase agreement with Boart Longyear giving it a 2.4% net smelter return on Minnesota’s Twin Metals copper-nickel-platinum project, Kallanish reports.
The Twin Metals project is owned by Antofagasta and is located in the Duluth Complex. Nova paid a total of $6 million in cash and company shares for the royalty rights.
“The Duluth Complex is one of the world’s g…
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Very good overview of the weekly steel market.
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