- Reuters•4 days ago
Canadian miner Royal Nickel Corp is teaming up with private equity firm Waterton Global Resource Management to buy, develop and operate undervalued nickel assets, the companies said on Wednesday. The venture will have $35 million to acquire nickel mines and projects, said the companies, and Waterton will pay $22.5 million for a 50-percent stake in Royal Nickel's Dumont nickel project in Quebec, which the partnership will own. "Where you have long-term, patient capital, that's willing to unlock value, I think there's lots of opportunities," said Royal Nickel Chief Executive Mark Selby in an interview.
- CNW Group•4 days ago
RNC Minerals Announces Joint Venture with Waterton to Acquire, Develop and Operate Nickel Assets
- PR Newswire•4 days ago
RNC will host a conference call/webcast on March 22, 2017 at 10:00 a.m. (Eastern Time) to discuss the arrangement. TORONTO, March 22, 2017 /CNW/ - RNC Minerals (RNX.TO) ("RNC" or the "Company") is pleased to announce that it has entered into a joint venture arrangement (the "JV Arrangement") with Waterton Precious Metals Fund II Cayman, LP and Waterton Mining Parallel Fund Onshore Master, LP (collectively, "Waterton"). Pursuant to the terms of the JV Arrangement, Waterton has agreed to acquire 50% of RNC's interest in the Dumont Nickel Project for US$22.5 million (C$30 million) in cash, implying a value of C$60 million for 100% of the asset.
RNX.TO : Summary for ROYAL NICKEL CORPORATION - Yahoo Finance
RNC Minerals (RNX.TO)
Toronto - Toronto Delayed Price. Currency in CAD
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|Day's Range||0.31 - 0.32|
|52 Week Range||0.18 - 0.63|
|PE Ratio (TTM)||-2.79|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|