# Appian forms JV with Osisko Metals for Pine Point zinc project

Appian Capital Advisory entered into a joint venture with Osisko Metals to develop the Pine Point zinc-lead project in Northwest Territories, Canada. Appian purchased shares of Pine Point Mining Limited for C$8.3 million, subscribed for C$13.1 million in shares, converted a C$6.7 million loan, and bought C$5 million in Osisko shares.

- Type: Acquisition
- Announced: 2023-04-06
- Where: Northwest Territories, Canada
- Value: $24.5M (33.1M CAD)
- Status: announced
- Products: zinc concentrate, lead concentrate
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Appian Capital Advisory](https://endata.com/companies/69618.md) (investor)
- [Osisko Metals](https://endata.com/companies/69619.md) (partner)
- [Pine Point Mining Limited](https://endata.com/companies/69620.md) (target)

## Sources

- [aap.com.au](https://www.aap.com.au/aapreleases/cision20230406ae62642/), 2023-04-07: "Appian is excited to advance the development of Pine Point, a highly prospective and strategically located project in the global zinc market."

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