Royal Nickel Corporation Receives Partnership Proposals

Royal Nickel Corporation (TSX:RNX) announced confidential non-binding indicative partnership proposals from potential partners for the Dumont nickel project.

As quoted in the press release:

The partnership proposals were received following the launch of RNC’s previously announced formal partnership process, which began in June 2012. At that time, RNC presented a formal request for proposals to interested parties in Europe and Asia to purchase up to a 40% stake in the Dumont project.

RNC’s President and CEO, Tyler Mitchelson said:

The receipt of proposals from prospective partners to participate in the development of Dumont is a very encouraging milestone for RNC, following closely on the heels of the $12 million investment in Dumont by Ressources Québec. Working with our financial advisor, Rothschild, RNC will now focus on continuing partnership discussions with the interested parties with a view to reaching a formal agreement in line with our development schedule.

Click here to read the Royal Nickel Corporation (TSX:RNX) press release.