NVRO Metals has proposed the acquisition of Northern Territories Resources (NTR) for C$27.9 million. Upon closing, NTR’s assets will form the NVRO Metals Hub, a critical minerals production platform utilizing the NVRO Process.
NTR’s principal assets consist of 48 tenements in Australia’s Northern Territory, comprising mining and exploration licenses, a fully constructed hydrometallurgical processing facility, associated infrastructure, and a substantial polymetallic resource base containing copper, cobalt, silver, lead, zinc and nickel (based on a 2006 historical report under the JORC Code).
The Metals Hub will combine established hydrometallurgical infrastructure with the proprietary NVRO Process to support future customer validation programs, commercial processing opportunities, and future precious and critical metals recovery initiatives.
“The establishment of the NVRO Metals Hub is a significant milestone in the Company’s history,” said David Cam, executive chair of NVRO Metals. “For the first time, we have brought together proprietary technology, industrial-scale processing infrastructure, and near-term production capability within a single platform. We believe this creates a powerful combination capable of generating operating cash flow while accelerating commercialization of the NVRO Process.
“Importantly, this acquisition does not change our technology-led licensing strategy. The NVRO Metals Hub provides the infrastructure required to accelerate global deployment of the NVRO Process and support multiple customer opportunities,” he concluded.
Source: NVRO Metals