Homeland Nickel and Westwin Elements Agree to Nickel Concentrate Purchase in Southern…
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New informationRepeats or wire copies
What happened
Homeland Nickel signed an agreement with Westwin Elements, Inc. to buy nickel concentrate from its mining claims in Southern Oregon. The agreement stipulates that Westwin Elements, Inc. will purchase roughly 20,000 metric tons of nickel concentrate annually if the mine opens. Westwin Elements, Inc. plans to build a full-scale refinery to process the material.
From klcc.org
Why it matters
The deal provides a buyer for the proposed Red Flat mine, which Homeland Nickel holds in Southern Oregon. Homeland Nickel estimates the properties contain enough nickel to support mining for 50 to 60 years. The agreement moves the project forward, though feasibility studies and environmental reviews are still required before mining can begin.
Deep Sea Minerals Corp. and Westwin Elements, Inc. had previously received a Letter of Intent regarding a joint development agreement.
From klcc.org
Who's involved
- Southern OregonThe region in Southern Oregon where the mining claims are located.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Southern OregonSpeculative
Southern Oregon might see increased investment in infrastructure and jobs related to the potential mine and refinery construction.
How it developed
Newest first. Tap a step to see who reported it.Company with nickel properties in Oregon aims to supply domestic U.S. market.1 source
Westwin Elements, Inc. secured an agreement to buy nickel concentrate and holds new mining claims in Southern Oregon.1 source
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The entities involved
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Southern Oregon
region in Oregon, United States