[Ferro-Alloys.com] 

Power Nickel gains approval for Golden Ivan and Chilean assets spin-out

Power Nickel has secured shareholder and court approval for the spin-out of its Golden Ivan property in British Columbia and Chilean assets.

The spin-out, subject to TSX Venture Exchange approval, is due to be effective from 31 January 2025.

The spin-out creates two specialised companies – Power Nickel, focused on the Nisk project, and Spinco, advancing the Golden Ivan property in British Columbia and Chilean assets.

Spinco will also acquire interests in several Chilean projects while Power Nickel will retain its royalty interest in the Chilean Copaquire project, ensuring continued involvement in the region’s mining activities.

• [Editor:邢亚敏]