Transition Metals generates interest in battery metals by going public with SPC Nickel
The surge of interest in battery metals has prompted a Sudbury exploration firm to go public with a spinoff company focussed on advancing its nickel and copper exploration properties in the Sudbury basin.
Transition Metals officially launched SPC Nickel Corp on the TSX Venture Exchange on March 8 under the ticker SPC.
With 25 exploration projects on the go across Canada in the gold, copper, nickel and platinum space, Transition bills itself as a ‘project generator,’ always on the lookout to welcome to option agreements or joint ventures.
“As a project generator, we spun out our Sudbury assets into SPC Nickel in 2013 so that it could focus on Ni-Cu-PGM exploration in the world-class mining camp,” said Transition CEO Scott McLean in a March 9 news release.
Formerly known as SPC Metals, the goal for this new entity, McLean said is to advance its Aer-Kidd project, a nickel, copper, platinum group metals property, located 20 kilometres southwest of Sudbury at Worthington, and situated between Vale’s Totten Mine and KGHM’s Victoria Deposit.