HomeMarket NewsMiningCaNickel's Bucko Lake Nickel Project Sold to Cobalt One for $59 Million:...

CaNickel’s Bucko Lake Nickel Project Sold to Cobalt One for $59 Million: A Tale of Financial Triumph

Actionable Trade Ideas

always free

The Bucko Lake nickel mine in the winter of 2009. Credit: CaNickel Mining

CaNickel Mining (TSXV: CML) has granted Cobalt One Energy an option to purchase CaNickel’s Bucko Lake nickel project for C$80 million ($59m). The mine is located about 110 km southwest of Thompson, Manitoba, near the town of Wabowden.


Despite its productivity producing nickel, copper, and cobalt, CaNickel faced financial hardships that hindered project refinancing, remarked CEO Shirley Anthony. β€œWe are pleased to have signed an option agreement with Cobalt One, which is owned by Blackstone Minerals … headquartered in Perth, Australia.”

Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.