16
Aug
12:32
Giga Metals, Mitsubishi forming Turnagain nickel-cobalt joint venture
Giga Metals Corp is partnering with Mitsubishi Corp to develop the Turnagain sulphide nickel-cobalt deposit in north-central British Columbia, Kallanish reports.
The companies have signed a binding agreement to form a new joint venture company, Hard Creek Nickel Corp. Mitsubishi will acquire a 15% equity interest in Hard creek in exchange for cash considerations of CAD 8 million (6.19m). Giga will receive an 85% interest in exchange for contributing all Turn…
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