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Exiro Nickel has entered into an asset purchase agreement to acquire a 100% interest in the Thompson Operations in Manitoba, Canada from Vale Base Metals This agreement marks the launch of a new Canadian-focused nickel producer anchored in one of the world’s most historically significant nickel districts.
The transaction includes the Thompson Mine and concentrator as well as approximately 110,000 hectares of exploration claims across the Thompson Nickel Belt.
These claims provide significant long-term resource and growth potential supported by existing underground and surface infrastructure. Vale will remain a strategic partner through an offtake arrangement and minority ownership position.
Exiro Nickel is backed by cornerstone investors Orion Resource Partners and Canada Growth Fund, providing the bulk of an initial capitalization of up to USD$200 million