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Boreal Metals Acquires 2 Additional Cobalt/Nickel Projects in the Prolific Skelleftea Mining Area in Northern Sweden - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - April 12, 2018) - Boreal Metals (TSXV: BMX), th...
About this update from Domestic Metals Corp.
[{"type":"text","content":"Boreal Metals Acquires 2 Additional Cobalt/Nickel Projects in the Prolific Skelleftea Mining Area in Northern Sweden - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - April 12, 2018) - Boreal Metals (TSXV: BMX), through its newly created subsidiary, Boreal Energy Metals, has executed another definitive agreement with EMX Royalty Corporation acquiring two additional cobalt/nickel projects. These two projects, located in the prolific Skellefteå mining area in Northern Sweden, contain massive sulfide mineralization, enriched in nickel, copper, and cobalt, with both properties hosting historic resources.InvestmentPitch Media has produced a \"video\" which provides a brief overview of this news. If this link is not enabled, please visit www.InvestmentPitch.com and enter \"Boreal\" in the search box. Cannot view this video? Visit:http://www.investmentpitch.com/video/0_bxilc5hu/Boreal-Metals-TSXV-BMX-executed-another-agreement-with-EMX-Royalty-acquiring-two-additional-cobaltnickel-projectsPlatinum group elements and gold are also known to be enriched in the zones of mineralization, but have not been systematically assessed, representing additional exploration potential. As with the 6 previous properties in its portfolio, this latest acquisition follows Boreal's development plans of acquiring past producing projects and applying modern techniques.Karl Antonius, President and CEO, stated: \"With the acquisition of Mjövattnet and Njuggträskliden, Boreal is executing its exploration project growth strategy by building on an excellent foundation of base and energy metals exploration projects in Scandinavia. As Sweden and the European Union look towards the future needs for innovation and strategic metals, our projects with historic production have the potential to be part of the production chain. The acquisition of projects continues to deliver significant benefits to Boreal's shareholders and partners.\"Subject to regulatory approval, Boreal Energy will issue EMX common shares that represent a 4% equity ownership of Boreal Energy, which increases EMX's equity ownership to 9.9%. Boreal Energy has the continuing obligation to EMX, to issue additional shares, at no cost, in order to maintain EMX's ownership at 9.9% until Boreal Energy has raised CDN$3 million in equity, after which, EMX will...