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OK2 Acquires Past Producing Mine and Advanced Stage Exploration Assets
Dec. 13, 2018 08:39AM PST
Base Metals Investing
OK2 said the projects are accessible year-round, with infrastructure, including paved roads water and power, deep sea shipping facilities, as well as skilled labour in nearby municipalities.
OK2 Minerals (TSXV:OK) has entered into an arms length definitive agreement with EMX Royalty (TSXV:EMX) for the acquisition of the past-producing Bleikvassli copper-zinc-silver-lead-gold mine in Norway, the advanced stage Bastuträsk zinc-copper-gold project in Sweden, and the Sagvoll and Meråker zinc-copper projects, both located in Norway.
OK2 said the projects are accessible year-round, with infrastructure, including paved roads water and power, deep sea shipping facilities, as well as skilled labour in nearby municipalities. In conjunction with the acquisition, OK2 will undergo a corporate restructuring by share consolidation and name change to Norra Metals Corp.
President and CEO of OK2, Mike Devji said:
“We are excited to announce the creation of a European Business Unit with well-developed assets in Norway and Sweden. We are now positioned to conduct year-round exploration on a number of prospective deposits, projects with substantial historic production, and district-scale exploration targets.”
Click here to read the full OK2 Minerals (TSXV:OK) press release.
