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Canickel Mining ( (TSE:CML) ) has provided an announcement.
CaNickel Mining Limited announced the expiry of its Option Agreement with Cobalt One Energy Corporation and Blackstone Minerals Limited for the sale of its Bucko Lake Mine. The agreement ended due to recent nickel price weaknesses, which affected the buyers’ ability to finance the deal. Despite this setback, CaNickel remains optimistic about the future demand for Class 1 nickel, driven by renewable energy developments, and plans to continue marketing the Bucko Lake Mine as a strategic asset in North America.
More about Canickel Mining
CaNickel Mining Limited is a Canadian junior mining company that owns the Bucko Lake Mine near Wabowden, Manitoba. The mine, currently on care and maintenance, produced 6.9 million pounds of nickel from 2009 to 2012 before being halted due to low nickel prices. The company focuses on mining and developing nickel resources.
YTD Price Performance: 0%
Average Trading Volume: 10,160
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$1.05M
See more data about CML stock on TipRanks’ Stock Analysis page.
