Nickel Rock Resources Inc. has successfully closed a Property Acquisition, acquiring two nickel exploration projects in British Columbia from J. Malcolm Bell for 100% interest, subject to a 2% NSR. The Company made an initial payment of $8,500 and issued 5,500,000 common shares upon approval. A technical report titled 'Technical Report for the Nickel Project' was filed, highlighting the potential of the acquired properties. Nickel Rock focuses on nickel-iron alloy and lithium exploration in Canada and Nevada, supporting the growing demand for high-value battery metals.
Nickel Rock Resources Inc. (TSXV: NICL, OTCQB: NIKLF) has engaged Network 1 Financial Securities, Inc. as its exclusive corporate advisor and investment banker as of February 9, 2021. This collaboration aims to enhance Nickel Rock's US corporate strategy, including future board selections and private placements, and support its goal of a NYSE or NASDAQ listing. Network One, with extensive experience in raising capital and corporate advisory services, believes Nickel Rock is poised to become a notable player in the green energy sector with its nickel and lithium assets.
Nickel Rock Resources Inc. (NICKLF) announced the filing of a Notice of Work application for a multi-year area-based work permit for its Nickel Project in British Columbia. The company controls a 100% interest in over 13,704 hectares near the Decar Nickel Project. Proposed activities include trenching, drilling, and geological mapping. The project aims to exploit nickel mineralization, particularly awaruite, beneficial for battery production. Additionally, Nickel Rock is exploring lithium in Nevada to meet increasing demand in the EV market, with promising recovery rates for lithium extraction.
Nickel Rock Resources Inc. (OTCQB: NICKLF) has signed an Option Agreement with 802213 AB Ltd for a 100% interest in 6 mineral claims near Fort St James, BC, increasing its total land position to 4,146 hectares. The area is geologically similar to the Decar nickel deposit and shows potential for nickel, cobalt, and chromium mineralization. The agreement involves a series of cash payments totaling $1,075,000 over four years, alongside a 2% NSR royalty payable upon commercial production. Field work is planned for 2021 to explore the claims further.