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Avante Closes Acquisition of Mineral Licenses Adjoining Its Pipestone Project
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Avante Closes Acquisition of Mineral Licenses Adjoining Its Pipestone Project
Mar 15, 2024 10:35 AM

01:12 PM EDT, 03/15/2024 (MT Newswires) -- Avante Mining Corp. ( ACPRF ) , a Canadian nickel-focused exploration company, has closed the previously announced acquisition of 100% of the issued and outstanding shares of 1446199 B.C. Ltd, which holds a 100% interest in 13 mining licenses totalling 17,375 hectares, adjoining Avante's Pipestone Project in central Newfoundland.

The Pipestone Project now covers over 40 km of strike effectively securing the majority of the nickeliferous Pipestone ophiolite ultramafic complex. The project islocated in central Newfoundland with road access to the north and south; it also has access to a hydroelectric power station within 15 kilometers south of the property.

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