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25 May
17:16

NICKEL: NICO purchases Metals X nickel assets

Canada-headquartered NICO Resources has signed a binding term sheet with Metals X to purchase Metals X's nickel assets in an all-share deal. The nickel assets include Wingellina Nickel-Cobalt Project in Western Australia and the Claude Hills Project in South Australia, Kallanish notes. Metals X has agreed to sell its nickel assets to NICO Resources for around $9 million. Under the deal, NICO will undertake an initial public offeri…
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