After completing due diligence studies on the Thierry copper-nickel mine in Northwestern Ontario, KWG Resources (ME) has decided not to option the property from owner Etruscan Enterprises (VSE). The deal worth $1.3 million in cash and stock would have earned KWG 100% interest in the Pickle Lake mine property.
KWG is attempting to renegotiate the deal for the property and/or the mine tailings.
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