Canadian Mining Journal

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NICKEL-COBALT: Cobalt 27 picks up royalty on RNC’s Dumont project


The bulk sample is taken, the feasibility study done, the permits received, and the Dumont nickel-copper mine is construction ready. (Image: RNC Minerals)

QUEBEC – Cobalt 27 Capital Corp. has agreed to acquire an existing 1.75% net smelter return royalty on the Dumont nickel-cobalt project belonging to RNC Minerals. The mine is construction ready near the town of Amos.

This is the first investment by Cobalt 27’s subsidiary, Electric Metals Streaming Corp. The royalty, covering all metals from the Dumont project, has a 60-year term with an option to renew for a further 60 years.

The Dumont deposit contains 9.8 billion lb. of nickel and 392 million lb. of cobalt in measured and indicated resources of 1.7 billion tonnes grading 0.27% nickel and 107 ppm cobalt. The inferred resource is 499 million tonnes at 0.26% nickel and 101 ppm cobalt, containing an additional 2.9 billion lb. of nickel and 112 million lb. of cobalt.

Read the Dumont feasibility study at www.RNCminerals.com.