North American Nickel to Proceed with Seqi Port Assignment Agreement

North American Nickel Inc. (TSXV:NAN) announced that it plans to sign an assignment agreement with Minelco AS, a subsidiary of Swedish iron producer LKAB Minerals for the acquisition of the Seqi Port on the southwest coast of Greenland.

As quoted in the market news,

North American Nickel is engaged in the continued exploration for economic nickel sulphide deposits at its Maniitsoq project in southwestern Greenland.  The Seqi port is favourably located in the Niaquungunaq (Greenlandic) or Fiskefjord (Danish) fjord, proximal to North American Nickels southern property boundary.  It was constructed by LKAB Minerals, a subsidiary of Minelco AS specifically for the transportation of olivine from their Seqinnersuusaaq or “Seqi” olivine mine and to provide docking facilities for smaller vessels. In this regard the port was amenable to dock and load Panamax vessels to 55,000 tons DWT.

Click here for the full North American Nickel Inc. (TSXV:NAN) press release