Xander acquires 100 mineral claims in Timmins, Ontario; shares soar

Canada Nickel

21/10/2022 15:14

** Shares of Canada-based Xander Resources Inc  XND.V  soar
17% to 4 Canadian cents - biggest pct jump in over two weeks
    ** XND enters into option deal to add 100 mineral claims in
Timmins, Ontario to its portfolio  urn:newsml:reuters.com:*:nPncgD0Kpa
    ** Property consists of 100 separate mineral claim blocks
comprising over 21 sq/km located to the west its existing
Timmins North claims - co
    ** Acquired claims are to the west of Canada Nickel
Company's  CNC.V  Crawford Project, where CNC has completed a
preliminary economic assessment indicating 25-year mine with an
after-tax net asset value of $1.2 bln
    ** Accounting for session gains, company's shares down 50%
YTD
 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))