# Hecla Mining to acquire ATAC Resources in C$31M deal

ATAC Resources Ltd. has signed a non-binding Letter of Intent with Hecla Mining Company for Hecla to acquire all outstanding shares of ATAC for C$0.14 per share in Hecla stock, valuing the deal at C$31 million. ATAC shareholders will also receive shares in a new exploration company (Spinco). The LOI was announced on 2023-02-21.

- Type: Acquisition
- Announced: 2023-02-21
- Where: Yukon, Canada
- Value: $23.0M (31.0M CAD)
- Status: announced
- Products: gold exploration, mining projects
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Hecla Mining Company](https://endata.com/companies/28010.md) (acquirer)
- [ATAC Resources](https://endata.com/companies/68667.md) (target)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/atac-resources-ltd-announces-letter-of-intent-with-hecla-mining-company-864155373.html), 2023-02-21: "We believe the Potential Transaction will provide significant value to ATAC shareholders."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.