CAPITAL MARKETS

Admiral Bay sets sail for Toronto

With an eye on South32-backed Arizona Mining and what is claimed to be “very strong (North American) market interest”, Metalicity (ASX: MCT) has decided to put the Admiral Bay zinc project into a separate company that will raise cash and list in Canada on the TSX-V.

Michael Quinn
Admiral Bay sets sail for Toronto

While the quantum of the fund raising is yet to be finalised, Metalicity's managing director Matt Guaci told Mining Journal that previous estimates of the cost of doing a preliminary economic assessment,...

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