EMC Metals’ Offer to Jervois Mining for Nyngan Scandium Project Expires

EMC Metals (TSX:EMC) reports that the Nyngan Project offer made to Jervois Mining on October 30, 2012 for cash plus a royalty on Nyngan scandium production totalling $8 million in value, has been allowed by JRV to expire.

As quoted in the press release:

JRV failed to acknowledge receipt or to otherwise respond to the EMC offer within the 14 day timeframe specified, but did send a letter through its counsel formally rejecting the offer after it expired. No public notice of EMC’s offer was given by JRV to shareholders or the ASX.

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