Mink Completes Acquisition of Warren Ni, Cu, Co Patents

Deal News | Feb 18, 2025 | Globenewswire

Mink Completes Acquisition of Warren Ni, Cu, Co Patents

Mink Ventures Corporation has successfully completed the acquisition of a full interest in the Warren Ni, Cu, Co Patents from US Copper Corp by fulfilling all necessary share issuances and expenditures. To conclude the transaction, Mink issued 750,000 common shares to US Copper Corp and expended $300,000 in exploration expenditures for the project. The securities issued are under a statutory hold period until June 19, 2025. Mink's exploration indicates potential for nickel, copper, and cobalt deposits, with a continued emphasis on exploring new copper targets. The strategic acquisition enhances Mink's portfolio, already consisting of promising nickel, copper, cobalt exploration projects adjacent to the historical Montcalm Mine in Ontario. This transaction solidifies Mink's position in the critical minerals sector, with expanded opportunities at Warren and benefits from infrastructure near the Timmins Mining Camp.

Sectors

  • Mining and Exploration

Geography

  • Ontario, Canada – Mink Ventures Corporation is based in Canada, and the mineral exploration projects mentioned, including the Warren Project and Montcalm project, are located in Ontario, Canada.

Industry

  • Mining and Exploration – The article pertains to the acquisition of patents related to the exploration of nickel, copper, and cobalt minerals. Mink Ventures is a mineral exploration company focusing on critical minerals, highlighting its operations within the mining and exploration sector.

Financials

  • 750,000 shares – The number of shares issued by Mink Ventures to US Copper Corp as part of the acquisition deal.
  • $300,000 – The exploration expenditure incurred by Mink Ventures as part of completing the option agreement with US Copper Corp.

Participants

NameRoleTypeDescription
Mink Ventures CorporationTarget CompanyCompanyA Canadian mineral exploration company focused on nickel, copper, and cobalt deposits in Ontario.
US Copper CorpSelling CompanyCompanyCompany from which Mink Ventures acquired the Warren Ni, Cu, Co Patents.
Kevin FiloDirector and Qualified PersonPersonApproved the technical data disclosed in the release, providing expertise within the terms of National Instrument 43-101.