Core Nickel and Arizona Copper and Gold Win Shareholder Backing for Reverse Takeover and Rebrand

Core Nickel Corp. ( (TSE:CNCO) ) has issued an update.

Shareholders of Arizona Copper and Gold Ltd. and Core Nickel Corp. have overwhelmingly approved a reverse takeover under which Core Nickel will acquire all outstanding securities of ACG, with closing expected on March 24, 2026. ACG will seek final court approval in Ontario, while Core Nickel plans a share consolidation and rebranding as Arizona Eagle Mining Corp., positioning the combined entity to advance drilling at the Eagle Project and begin trading on the TSX Venture Exchange under its new name.

Subscription receipts from prior financings are expected to convert and release proceeds to the resulting issuer before closing, bolstering the balance sheet as trading commences shortly after completion. Executives from both companies highlighted strong shareholder backing as a key milestone that supports the strategic combination, which is intended to unlock value from ACG’s Eagle Project and Core Nickel’s exploration assets for investors and other stakeholders.

More about Core Nickel Corp.

Arizona Copper and Gold Ltd. is a private Toronto-based mineral exploration company focused on acquiring, exploring and developing mineral properties in the United States, notably its 100% owned Eagle Project in Yavapai County, Arizona. Core Nickel Corp., listed on the TSX Venture Exchange under the symbol CNCO, holds a portfolio of exploration-stage nickel properties in the Thompson Nickel Belt in northern Manitoba, including the Mel deposit.

Technical Sentiment Signal: Buy

Current Market Cap: C$7.47M

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