Maudore Acquires Assets from North American Palladium Subsidiary

Mining Weekly reported that junior Maudore Minerals acquired the Sleeping Giant mill and tailings facility through its acquisition of North American Palladium Quebec Mines for $18M cash.

As quoted in the market news:

The $18-million price for NAP Quebec was fully funded by a senior-secured credit facility in the amount of $22 million provided by FBC Holdings, an arm’s-length party, on Friday.

“The acquisition of the Sleeping Giant mill and tailings facility run by its highly skilled and experienced work force is truly the most transformative event in the history of our company. With new mining facilities and advanced stage exploration properties contiguous to our existing properties, we now have a total land package of 144 000 ha.

Click here to read the full Mining Weekly report.