TORONTO, ON / ACCESSWIRE / December 22, 2021 / Victory Nickel Inc. ("Victory Nickel" or the "Company") (CSE:NI) (www.victorynickel.ca) today announced that its subsidiary Victory Silica Ltd.'s ("Victory
Victory Nickel Inc.: Victory Nickel Enters into Asset Purchase Agreement for Sale of Minago Property
Victory Nickel or the
APA ) with Silver Elephant Mining Corp.
(
for the conditional sale of the Company s Minago nickel property in northern Manitoba.
Subject to the acquisition by Silver Elephant of 100% of the Company s debt held by the Company s secured lender (the
Secured Debt ) and the restructuring, as defined in the APA, of the Secured Debt, the APA provides for consideration to the Company as follows:
A US$6,675,000 credit against certain secured debt owed by Victory Nickel to Silver Elephant at closing (the
Property Payment ).
Victory Nickel Inc.: Victory Nickel Announces Resignation of Director ON / ACCESSWIRE / January 6, 2021 / Victory Nickel Inc. (the
Company ) (CSE:NI) ( www.victorynickel.ca) today announced the resignation of Peter R. Jones as a Director of the Company, effective immediately. The Board of Directors thanks Mr. Jones for his service to Victory Nickel and wishes him well in the future.
About Victory Nickel
Victory Nickel Inc. is a Canadian company with four sulphide nickel deposits containing significant NI 43-101-compliant nickel resources and a significant frac sand resource at its Minago project. Through a wholly-owned subsidiary, Victory Silica Ltd., Victory Nickel at its 7P frac sand processing facility in Seven Persons Alberta has established itself in the frac sand business.