Prophecy Platinum and Ursa Major Minerals Enter Business Combination Agreement

Prophecy Platinum Corp. (TSXV:NKL,OTCQX:PNIKF,FWB:P94P) and Ursa Major Minerals Incorporated entered into a binding letter of agreement for a business combination through a proposed all share transaction.

As quoted in the press release:

Highlights of the Transaction:

The new Prophecy will become a mid-tier resource company with a robust and diversified pipeline of platinum nickel projects, including
Fully permitted open-pit Shakespeare* PGM-Ni-Cu mine close to Sudbury infrastructure with near term production capabilities.
Flagship Wellgreen** (Yukon) PGM-Ni-Cu project with over 10 million oz of Pt-Pd-Au inferred resource. Active drilling is ongoing with pending preliminary economic assessment study.

Manitoba’s Lynn Lake*** Ni-Cu project with over 262 million lbs Ni, and 138 million lbs Cu Measured and Indicated.
The transaction provides Ursa shareholders with liquidity, sustaining capital and opportunity to participate in the significant exploration and development upside of Wellgreen and Lynn Lake.

Click here to read the Prophecy Platinum Corp. (TSXV:NKL) press release
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