NexMetals Secures Ownership of Former BCL Mines
NexMetals Mining Corp. has finalized its acquisition of the Selebi and Selkirk mining assets, previously owned by BCL. The Canadian mining company completed a contingent payment to the BCL Liquidator, settling the outstanding balance for the properties.
Full Ownership Achieved
The payment of US$25 million (approximately P350 million) concludes the terms of the Asset Purchase Agreements. This transaction grants NexMetals full, unencumbered ownership of the two former BCL mines.
The Path to Acquisition
This marks a significant step in the long-awaited process for NexMetals to take over the mining assets. The completion of this payment signifies the formal transfer of ownership and control.
Leave a Reply