Canickel Mining (TSE:CML) has released an update.
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CaNickel Mining Limited has extended an option agreement with Cobalt One Energy Corporation and Blackstone Minerals Limited for the sale of its Bucko Lake Mine. Despite challenges in the nickel market, the Bucko Lake Mine is recognized as a high-grade nickel sulfide project, crucial for the green energy transition. If the sale proceeds, CaNickel will cease operations and hold mainly cash assets while considering strategic future options.
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