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Nova buys royalties at Twin Metals site | Duluth News Tribune


The royalties had been held by a subsidiary of a mineral drilling company.
11:03 am, Dec. 13, 2020
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A Vancouver-based company bought royalties in November for a portion of the proposed Twin Metals copper-nickel mine.
Twin Metals is proposing an underground copper-nickel mine, processing facility and tailings storage facility just outside Ely and the Boundary Waters Canoe Area and Wilderness.
Nova Royalty Corp. purchased a 2.4% net smelter return on approximately 18% of the resources at Twin Metals Maturi and Maturi Southwest deposits from a subsidiary of Boart Longyear, a mineral drilling company.
Nova paid $2 million in cash and shares and will make additional payments up to $4 million in cash and shares if federal and state permits are awarded and if production begins. ....

United States , Kawishiwi River , Birch Lake , Kathy Graul , Alex Tsukernik , Minnesota Department Of Natural Resources , Nova Royalty Corp , Twin Metals , Boundary Waters Canoe Area , Twin Metal Maturi , Maturi Southwest , Boart Longyear , Twin Metal , Boundary Waters , Minnesota Department , Natural Resources , ஒன்றுபட்டது மாநிலங்களில் , கவிஷிவி நதி , பிர்ச் ஏரி , கத்தி குரோஉல் , மினசோட்டா துறை ஆஃப் இயற்கை வளங்கள் , நோவா ராயல்டி கார்ப் , இரட்டை உலோகங்கள் , எல்லை நீர் கேனோ பரப்பளவு , இரட்டை உலோகம் மாதுரி , மாதுரி தென்மேற்கு ,