Royal Nickel to buy stake in owner of the West Raglan deposit

Posted on June 3, 2014 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

MONTREAL — Royal Nickel Corp., developer of the Dumont high-grade nickel property in Northwestern Quebec, said Monday it plans to buy 56 per cent of True North Nickel Inc., owner of the West Raglan nickel deposit further north in the remote Ungava region.

West Raglan lies 40 kilometres west of Glencore Xstrata’s existing Raglan (sulphide) nickel mine and near the Chinese-owned Jilin Jien Nickel Industry Co.’s Nunavik (former Canadian Royalties Inc.) mine that started producing earlier this year.