Business
EarthLabs Closes Acquisition of The Northern Miner, Canadian Mining Journal and MINING.COM
EarthLabs' acquisition of major mining media outlets, including The Northern Miner, Canadian Mini...
About this update from Earthlabs Inc
[{"type":"text","content":"EarthLabs Closes Acquisition of The Northern Miner, Canadian Mining Journal and MINING.COMEarthLabs' acquisition of major mining media outlets, including The Northern Miner, Canadian Mining Journal, and MINING.COM, strengthens SaaS offerings, aligning with CEO.CA and DigiGeoData.Expansion offers subscribers enhanced access to mining news, community discussions, data analytics, and enriched event experiences.Toronto, Ontario--(Newsfile Corp. - December 1, 2023) - EarthLabs Inc. (TSXV: SPOT) (OTCQX: SPOFF) (\"EarthLabs\" or the \"Company\"), a leading mineral exploration technology and investment company, is pleased to announce that it has closed its previously announced acquisition of The Northern Miner Group (\"TNM Group\"), a leading group of mining media brands including The Northern Miner (\"TNM\"), Canadian Mining Journal (\"CMJ\") and MINING.COM. The acquisition was completed pursuant to a definitive agreement (the \"Definitive Agreement\") dated October 26, 2023 with Glacier Media Inc. and Glacier Rig Ltd. as vendors, as previously announced on October 26, 2023.Recognized as one of the mining industry's largest media outlets, TNM Group brands are read by 674,000+ monthly users, recording 1,480,000+ monthly pageviews and 173,200+ digital subscribers, per the TNM Group. In addition to the news and media division, the group includes virtual and in-person events through TNM Symposiums as well as data products including TNM Marco Polo, a mining intelligence subscription platform and TNM Maps, distributed to an online audience of over 800,000+ as well as key mining events and trade shows throughout the year (PDAC, CIM, VRIC, MinExpo).\"We at EarthLabs are thrilled to enhance our media portfolio with these legacy media assets and their skilled staff,\" said Denis Laviolette, Executive Chairman and CEO of EarthLabs. \"This acquisition is a strategic step in strengthening our position in the media landscape, combining quality journalism with our wide-reaching platforms, including CEO.CA, to boost both our advertising and recurring revenues while maintaining the integrity of these well-established brands.\"A New Global Mining Media LeaderTNM Group presents a highly complementary portfolio with EarthLabs' subsidiary assets CEO.CA and DigiGeoData and enhances EarthLabs' acquisition strategy in a compelling way. CEO.CA, the largest soc...