Core Nickel to Acquire Arizona Copper and Gold in Reverse Takeover, Create Arizona Eagle Mining

Core Nickel Corp. ( (TSE:CNCO) ) has provided an announcement.

Core Nickel Corp. and Arizona Copper and Gold Ltd. have signed a definitive arrangement agreement under which Core Nickel will acquire all outstanding securities of ACG via a statutory plan of arrangement. The TSX Venture Exchange has granted conditional approval for the reverse takeover, which will see Core Nickel consolidate its shares, rebrand as Arizona Eagle Mining Corp., and seek continuance from British Columbia to Ontario.

The resulting issuer will be a Tier 2 Mining Issuer on the TSX Venture Exchange, focused on advancing ACG’s Eagle Project in Arizona while retaining Core Nickel’s Manitoba land package. Management from both companies say the deal delivers value by giving shareholders exposure to one of North America’s highest‑grade, past‑producing gold deposits and preserving optionality in nickel, positioning the combined group to capitalize on a robust gold market and potential resource expansion at the McCabe Mine.

More about Core Nickel Corp.

Core Nickel Corp. is a Canadian mineral exploration company that focuses on nickel projects in the Thompson Nickel Belt of northern Manitoba. Following its planned reverse takeover of Arizona Copper and Gold Ltd., the combined entity will pivot toward exploring and developing the Eagle Project in Yavapai County, Arizona, centered on the high‑grade, past‑producing McCabe gold‑silver mine.

Technical Sentiment Signal: Buy

Current Market Cap: C$7.47M

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