Nickel North Exploration (TSE:NNX) has released an update.
Nickel North Exploration Corp. has revised the terms of its agreement with 1844 Resources Inc. for the sale of the Hawk Ridge nickel-copper project in Quebec. The updated terms include staggered payments and share issuances over five years, with the potential for 1844 to acquire up to a 100% interest by meeting cash payments and exploration expenditure commitments. The deal incentivizes 1844 with increasing ownership percentages as financial and exploration milestones are met, while Nickel North benefits from immediate cash and shares.
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