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New Deal


Announced

Perseverance Metals to acquire Voyageur Nickel-Copper-PGM Project from Bitterroot Resources and Altius Minerals.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Majority

Pending

Single Bidder

United States

metal exploration

General Mining

Domestic

Private

Friendly

Synopsis

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Perseverance Metals, a minerals exploration company, agreed to acquire Voyageur Nickel-Copper-PGM Project, a mine, from Bitterroot Resources, an exploration stage company, and Altius Minerals, a diversified mineral royalty and mineral exploration company. Financial terms were not disclosed. “I am looking forward to supporting the team at Perseverance. They are a highly motivated and experienced group, with the technical and financial expertise to rapidly advance the Voyageur Project. As a significant shareholder of Perseverance, Bitterroot’s shareholders will benefit from Perseverance’s management, capital markets and exploration skills, in addition to gaining exposure to two other high-quality magmatic nickel projects: Lac Gayot in Quebec and Armit Lake in NW Ontario, plus any of their future property acquisitions. I fully endorse Perseverance’s strategy of exploring for high-grade magmatic sulphide ore deposits in leading North American mining jurisdictions,” Michael Carr, Bitterroot CEO.

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