Boreal Metals Completes Acquisitions of Swedish Nickel-Copper-Cobalt Projects

Base Metals Investing

The 9,000 hectare Njuggsträskliden and 6,400 hectare Mjövattnet licenses cover multiple drill defined zones of nickel-rich sulfide mineralization.

Boreal Metals (TSXV:BMX) has today (May 18) announced the completion of the acquisition of the Mjövattnet and Njuggträskliden nickel, copper, and cobalt projects in northern Sweden from EMX Royalty Corporation(TSXV:EMX).

The 9,000 hectare Njuggsträskliden and 6,400 hectare Mjövattnet licenses cover multiple drill defined zones of nickel-rich sulfide mineralization.

As quoted in the press release, president and chief executive officer of Boreal, Karl Antonius said:

“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, platinum-group elements and gold. There are clear next steps in terms of exploration plans, and these nickel-rich projects provide nice compliments to the cobalt-rich Modum and Guldgruvan projects in Boreal’s portfolio.”

Click here to view the full Boreal Metals Corp (TSXV:BMX) press release.

Nickel Investing