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Boreal Metals Completes Acquisition of Mjövattnet and Njuggträskliden Nickel, Copper, and Cobalt Projects in Sweden from EMX Royalty Corporation - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - May 22, 2018) - Boreal Metals (TSXV: BMX) has c...
About this update from Domestic Metals Corp.
[{"type":"text","content":"Boreal Metals Completes Acquisition of Mjövattnet and Njuggträskliden Nickel, Copper, and Cobalt Projects in Sweden from EMX Royalty Corporation - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - May 22, 2018) - Boreal Metals (TSXV: BMX) has completed the acquisition of the Mjövattnet and Njuggträskliden nickel, copper, and cobalt projects in Sweden from EMX Royalty Corporation.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_ebxbrfrd/Boreal-Metals-TSXVBMX-has-completed-the-acquisition-of-two-nickel-copper-and-cobalt-projects-from-EMX-Royalty-CorporationBoreal is focused on the discovery of zinc, copper, silver, gold, cobalt and nickel deposits, and with the addition of these 2 projects, now has 8 projects spanning Sweden and Norway. The projects are located in known historic mining districts that have seen little or no modern exploration techniques.To finalize the transaction, Boreal Metals issued 2,020,202 common shares of Boreal Energy Metals Corp., a subsidiary of Boreal Metals, to EMX Royalty, bringing EMX's equity ownership in Bo-real Energy to 9.9%. EMX has the right to maintain its 9.9% interest, at no additional, until Boreal Energy has raised CDN$3,000,000 in equity, with EMX retaining the right to participate pro-rata in future financings at its own cost to maintain its 9.9% interest in Boreal Energy.Karl Antonius, President and CEO, stated: \"Boreal is continuing to build its excellent foundation of base and energy metals exploration projects in Scandinavia. The acquisition of Mjövattnet and Njuggträskliden deliver significant benefits to Boreal's shareholders and partners. Both projects have excellent upside potential for additional discoveries of nickel, copper and cobalt, as well as, PGE and gold. There are clear next steps in terms of exploration plans, and these nickel rich pro-jects provide nice compliments to the cobalt-rich Modum and Guldgruvan projects in Boreal's portfolio.\"These 2 projects, the 9,000 hectare Njuggträskliden and the 6,400 hectare Mjövattnet, cover multiple drill defined zones of nickel-rich sulphide m...