WF Hebei Wenfeng Industrial Co. Corporate Presentation
OVERSEAS INVESTMENTS - CANADIAN NICKEL PROJECT
HWIG holds a 38% equity stake in CaNickel Mining Limited, which owns
100% of the Bucko Lake Mine Project located near Wabowden, Manitoba,
Canada.
From 2009 to 2012, the mine produced 6.9 million pounds of nickel before
being placed on care and maintenance due to low nickel prices.
The project continues to host significant mineral resources and represents
one of the most advanced nickel sulfide projects in North America today.
In December 2023, CaNickel announced that it had signed an Option
Agreement with Cobalt One Energy Corporation and Australian resource
company Blackstone Minerals Limited.
Under the Option Agreement, Cobalt One and Blackstone have the exclusive
right and option for a 12-month period to purchase the Bucko Lake Mine for
total consideration of up to C$80 million.
WF Hebei Wenfeng Industrial Co. | Corporate Presentation
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