# CaNickel signs option agreement to sell Bucko Lake Mine for up to C$80M

CaNickel Mining Limited has signed an Option Agreement with Cobalt One Energy Corporation and Blackstone Minerals Limited for the potential sale of its Bucko Lake Mine Project in Manitoba for up to C$80 million. The option period is 12 months.

- Type: Acquisition
- Announced: 2023-12-04
- Where: 110 km southwest of Thompson, Manitoba, Canada
- Value: $59.0M (80.0M CAD)
- Status: announced
- Products: nickel
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [CaNickel Mining Limited](https://endata.com/companies/74165.md) (target)
- [Cobalt One Energy Corporation](https://endata.com/companies/74166.md) (acquirer)
- [Blackstone Minerals Limited](https://endata.com/companies/74167.md) (acquirer)

## Sources

- [theglobeandmail.com](https://www.theglobeandmail.com/investing/markets/stocks/CMLGF/pressreleases/22464203/canickel-signs-option-agreement-for-proposed-sale-of-the-bucko-lake-mine-for-up-to-c80-million/), 2023-12-04: "CaNickel Mining Limited announces that it has signed an Option Agreement with Cobalt One Energy Corporation and Blackstone Minerals Limited pursuant to which Cobalt One has been granted the exclusive right and option for a 12-month period to purchase CaNickel's 100% owned Bucko Lake Mine Project for"

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