North American Nickel Signs Exclusivity Agreement for Port

North American Nickel Inc. (TSXV:NAN,OTCBB:WSCRF) announced that it has signed an exclusivity agreement to acquire 100 percent of Minelco AB’s deep-water Seqi Port, located in Southwest Greenland.

Minelco is a subsidiary of a Swedish iron ore producer.

As quoted in the press release:

This agreement grants North American Nickel the sole right until the end of February, 2015 to undertake due diligence of the Port and to conclude the final assignment terms with Minelco. The successful completion of this transaction would provide the Company with the flexibility of a secure operational hub. In addition to the technical due diligence, North American Nickel is continuing to evaluate the potential direct cost benefits as well as the reduction in project time, cash flow management and risk surrounding the deep water all year access facilitated by the Seqi Port for any future economic development of nickel sulphide deposits at their Maniitsoq project.

Click here to read the full North American Nickel Inc. (TSXV:NAN,OTCBB:WSCRF) press release.