Anglo American's 9.9% stake deal lifts Canada Nickel shares

Canada Nickel

08/02/2023 18:42

** Canada Nickel Company Inc's shares  CNC.V  rise ~5% at C$2.10
    ** London-listed miner Anglo American PLC  AAL.L  said it will buy a 9.9%
stake in CNC; financial details of the deal were not provided
    ** AAL said it would provide technology expertise to the CNC's Crawford
project
    ** Additionally, it would have the exclusive right to buy up to 10% of
recoveries of nickel concentrate, iron and chromium contained in the magnetite
concentrates and any corresponding carbon credits from the project
    ** CNC stock fell 45% in 2022
 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))