Connect with us

Hi, what are you looking for?

Investing

“Spin-Out Plan of Arrangement Completed: CanAlaska Uranium & Core Nickel Corp Merger

CanAlaska Uranium Ltd. and Core Nickel Corp. recently announced that their spin-out plan of arrangement has been successfully concluded and is now effective.

The two companies are mineral exploration and development companies that specialize in uranium, nickel, copper, zinc, and cobalt. The agreement was formed in order to separate the two companies and allow each to focus on its individual prospects. CanAlaska Uranium will now focus on uranium opportunities in Northwest Saskatchewan, while Core Nickel is committed to developing a world-class nickel play in the Timmins area of Ontario.

CanAlaska Uranium is now a wholly owned subsidiary of Core Nickel. This agreement was made in order to optimize their resource potentials and share value between the two companies. Shareholders of CanAlaska will receive 1.45 common shares of Core Nickel for each common share of CanAlaska held.

Following the completion of the transaction, CanAlaska Uranium will retain a portfolio of mineral exploration projects encompassing 128,000 hectares located in the Athabasca Basin of Canada. This includes the West McArthur uranium project, where recent drilling was successful in identifying high-grade uranium mineralization.

The spin-out also signifies further progress for Core Nickel’s Timmins nickel project. Core Nickel is working to develop a major nickel center of excellence in the region, with a focus on providing a unique Volt-nickel-cobalt technology.

This spin-out agreement is a major development in establishing these two distinct companies, while at the same time allowing both to pursue their operations with laser-like focus and efficiency. With CanAlaska at the forefront of uranium exploration and Core Nickel targeting the vast and growing nickel industry, investors can look for big things to come from both.

Enter Your Information Below To Receive Latest News, And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Investing

    Getchell Gold Corp, a junior miner exploring gold mining in Nevada, has just initiated trading on the Frankfurt Exchange under the symbol GGA1. Getchell...

    Latest News

    France has announced the release of François Santoni, a French official that had been held by Niger security forces since July 7. The French...

    Stock

    With government issues, i.e. bonds, it is essential to consider the “long term trend” in order to get the most benefit and create wealth...

    Investing

    Exploration results from the latest Bigfoot Drilling Program at the Tatiggaq Project in Canada’s Thelon Basin, Yukon-Northwest Territories region have demonstrated that the uranium...

    Disclaimer: Incomeinvestingsinsider.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2023 Incomeinvestingsinsider.com