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The latest announcement is out from Nuvau Minerals Inc. ( (TSE:NMC) ).
Nuvau Minerals has completed the acquisition of Glencore Canada’s interests in the Matagami mining camp in northern Abitibi, Quebec, securing ownership and control over one of Eastern Canada’s largest mining and exploration land packages. The property now covers more than 1,379 square kilometres of exploration and mining rights, including the past-producing Bracemac-McLeod and Perseverance mines, positioning Nuvau as a major player in a prolific corridor for critical and precious metals.
The deal caps a multi-year earn-in under which Nuvau spent $30 million on exploration and development, while Glencore retains a 2% NSR royalty and gains offtake rights to 100% of concentrates from the property. Building on recent discoveries and an earlier preliminary economic analysis that outlined the potential for a near-term production restart, Nuvau plans to update the study in 2026 and advance toward a pre-feasibility review in 2027, a move that could accelerate the restart of operations and enhance the project’s economic profile for stakeholders.
More about Nuvau Minerals Inc.
Nuvau Minerals Inc. is a Toronto-based mining company focused on exploration and development of critical and precious metals in Quebec’s Abitibi region. Its flagship asset is the large-scale Matagami mining camp, where the company targets copper, zinc and gold, leveraging existing underground mines and regional infrastructure to advance toward production restart.
Average Trading Volume: 118,497
Technical Sentiment Signal: Strong Buy
For an in-depth examination of NMC stock, go to TipRanks’ Overview page.