02
Sep
13:06
Giga Metals, Mitsubishi close Turnagain nickel-cobalt JV transaction
Giga Metals and Mitsubishi Corp say they are creating a new joint venture company to pursue development of the Turnagain sulphide nickel-cobalt deposit in north-central British Columbia, Kallanish reports.
The binding agreement to form Hard Creek Nickel Corp had been announced last month. Mitsubishi acquired a 15% equity interest in the JV company in exchange for cash considerations of CAD 8 million ($6.08m). Giga received an 85% equity interest in Hard Creek in e…
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