- SKRR Exploration Inc. (SKRR) has agreed to acquire all issued and outstanding shares of 1364991 B.C. Ltd.
- Metallic mineralization found throughout the claims include nickel, cobalt, and chromium
- SKRR will issue 3 million common shares, worth about $180,000, to 1364991 shareholders
- Fieldwork confirmed there are elevated nickel, cobalt, and chromium resources in the area
- SKRR Exploration Inc. (SKRR) is up 9.09 per cent trading at $0.06 per share as of 1:32 p.m. ET.
SKRR Exploration (SKRR) has agreed to acquire all the issued and outstanding shares of 1364991 B.C. Ltd.
1364991 owns a 100 per cent interest in the Nickel Peak 1 and Nickel Peak 2 claim blocks. The claims cover roughly 1568 hectares in the Omineca mining district. Metallic mineralization found throughout the claims include nickel, cobalt, and chromium.
SKRR will issue 3 million common shares, worht about $180,000, to the shareholders of 1364991 in consideration of the transaction.
“These Nickel Peak claims are situated in an active world class Nickel camp and represent tremendous blue-sky potential with multiple historic high-grade Nickel samples and assays that have been under explored until now,” Sherman Dahl, CEO of SKRR, said.
According to the company, nickel prices have taken substantial 250 per cent spike during early March.
“Recent spikes in demand for nickel is fueled by the meteoric rise in electric vehicles and the need for this important metal in the manufacturing of batteries that power them,” Dahl said.
SKRR reported that nickel-cobalt mineralization on the claims has not been well-explored, but recent fieldwork confirmed there is elevated nickel, cobalt, and chromium resources in the area.
SKRR Exploration Inc. (SKRR) is up 9.09 per cent trading at $0.06 per share as of 1:32 p.m. ET.