Archer Exploration completed the acquisition of the nickel assets of Wallbridge Mining for $54m.

Archer Exploration, a Ni-Cu-Co-PGE focused exploration and development company, completed the acquisition of the nickel assets of Wallbridge Mining, an advanced exploration-development company, for $54m. “The Transaction is in line with Wallbridge’s strategy of moving forward as a pure-play gold company focused on its core Detour-Fenelon Gold Trend properties while enabling Wallbridge shareholders to participate in the potential economic upside in Archer. Archer is a focused exploration and development company which we believe has the management group and funding in place to deliver long-term value for our shareholders,” Marz Kord, Wallbridge President and CEO.