International news within the industry of mining and metal, Jun, 26 2019
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CanAlaska Uranium buys nickel mine

Photo: CanAlaska
Photo: CanAlaska
Published by
Jaroslaw Adamowski - 28 Mar 2019

CanAlaska Uranium has agreed to buy a 100% stake in the Manibridge nickel mine in the Thompson Nickel Belt, in Canada’s Manitoba, from Pure Nickel Inc.


"The Thompson Nickel Belt is the fifth largest and third highest grade sulphide nickel belt in the world," CanAlaska Uranium said in a state-ment.


The deal to purchase the past-producing mine is subject to the To-ronto Stock Exchange (TSX) Venture Exchange acceptance.


"This is a strong addition to our property holdings in this area. Our recent drill program tested one of the targets on the northern exten-sion of the Manibridge mine geology," said Peter Dasler, the presi-dent of CanAlaska Uranium.