NMG - Mergers and acquisitions

TORONTO, Feb. 13, 2025 /CNW/ - Mason Resources Inc. ("Mason") (TSXV:LLG) (OTCQX:MGPHF) announces that, in connection with a financing announced by NorthX Nickel Corp. ("NorthX") on January 31, 2025, it has acquired ownership and control over 1,200,000 subscription receipts of NorthX (the "Subscription Receipts"), each Subscription Receipt entitling the holder thereof to receive, subject to the fulfillment of the Escrow Release Condition (as defined below) and without payment of any additional consideration, one unit (a "Unit") comprised of one common share of NorthX (a "Share") and one common share purchase warrant of NorthX (a "Warrant") exercisable into one additional Share at any time unt

+ NMG has agreed to acquire 100% of Mason Resources' Lac Guéret graphite deposit to secure a world-class asset which will underpin NMG's planned Phase-3 expansion. + Preliminary economic assessment of the Uatnan Mining Project has demonstrated attractive economics for a targeted production of approximately 500,000 tonnes of graphite concentrate per annum over a 24-year life of mine, making it one of the World's largest graphite projects in development. + NMG is committed to developing the asset in close collaboration with the Innu First Nation of Pessamit. + As for its current operations, NMG is committed to promoting best-practice environmental assessment, ecoengineering, and stakeho