trending Market Intelligence /marketintelligence/en/news-insights/trending/JZVbTyhhEqWM8oTTJP2m2Q2 content esgSubNav
In This List

Pancontinental secures option over Pelangio's Strachan copper-nickel property

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

The Future of Risk Management Digitization in Credit Risk Management

Blog

European Energy Insights - June 2021

Blog

Climate Credit Analytics: Diving into the model


Pancontinental secures option over Pelangio's Strachan copper-nickel property

Pelangio Exploration Inc. said Jan. 18 that it granted Pancontinental Resources Corp. an option to acquire up to a 75% stake in the 2,280-hectare Strachan copper-nickel-cobalt property in Ontario.

Pancontinental can acquire an initial 60% interest over three years by issuing 400,000 shares, paying C$40,000 and spending C$250,000 on the property. It can then move to acquire another 15% by spending another C$500,000 on exploration over three years.

Strachan covers 2,280 hectares south of the historical Montcalm nickel-copper-cobalt mine, in production from 2004 to 2009, as well as the early-stage Montcalm project, under option to Pancontinental from Pelangio under an early 2018 agreement.