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Rock From The Road: Blog & Travelogue

May 22, 2017 – The U.S. Department of Labor’s Mine Safety and Health Administration announced it is extending the effective date of the agency’s final rule on Examinations of Working...
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Prime-Time Products

For more than 30 years the Atlas Copco DM30 has been a mainstay in mines throughout the world with a reputation for safe and reliable drilling. The machine has now...
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Manufacturers in Focus

Atlas Copco celebrated the grand opening of its new production facility in Rock Hill, S.C., with a ribbon-cutting ceremony on May 17. The company built the $25 million facility to...
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People on the Move

Jonathan Fippinger will join Crisp Industries as its new North Texas sales representative, according to the company. He will replace Greg Venghaus, a long-time Crisp employee who passed away suddenly...
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Rock Stars

The Association of Equipment Manufacturers (AEM) announced that Mary Erholtz, vice president marketing for Superior Industries Inc., will chair the next ConExpo-Con/Agg, set for March 10-14, 2020, at the Las...
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Distributor News

Phoenix-based Flaska JCB expanded its market presence to include a JCB-dedicated dealership in Denver, covering 12 counties in Colorado. The new location will offer JCB’s full line of industry-leading construction equipment, including large and compact excavators, telehandlers, wheel loaders, skid...
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Resource Center

Company Acquires Securities of Victory Nickel


Nuinsco Resources Limited has acquired beneficial ownership of 53,799,900 units of securities of Victory Nickel Inc. pursuant to Victory Nickel's previously announced Rights Offering.

Victory Nickel Inc. is a Canadian company with four sulphide nickel deposits containing significant NI 43-101- compliant nickel resources. Victory Nickel is focused on becoming a mid-tier nickel producer by developing its existing properties, Minago, Mel and Lynn Lake in Manitoba, and Lac Rocher in northwestern Québec, and by evaluating opportunities to expand its nickel asset base. Through a wholly-owned subsidiary, Victory Silica Ltd., Victory Nickel is establishing a presence in the frac sand market prior to commencing frac sand production and sales from Minago

Nuinsco believes that this shareholding, together with its previous shareholding in Victory Nickel of 13,935,533 Common Shares, represents approximately 12.24 percent of the total issued and outstanding Common Shares based on an aggregate of 553,474,860 Common Shares issued and outstanding as of the date hereof as disclosed by Victory Nickel.

Nuinsco has acquired the Units, including the Common Shares, for investment purposes. Nuinsco's interest in Victory Nickel may be increased or decreased in the future in light of investment criteria, market conditions and other factors in accordance with the provisions of applicable securities legislation.

Additionally, pursuant to the terms of a previously announced amended and restated loan agreement between Victory Nickel and Nuinsco, the company expects to, in the future, acquire additional Common Shares in satisfaction of Victory Nickel's obligation to pay certain fees to Nuinsco subject to, and calculated and issued according to, the rules of the Toronto Stock Exchange.

Nuinsco is a growth-oriented, multi-commodity mineral exploration company that is focused on world-class mineralized belts in Canada and internationally. In addition to its property holdings in Ontario, Saskatchewan and Turkey,

Nuinsco owns common shares in Coventry Resources Limited and Victory Nickel Inc., and a 50 percent interest in CBay Minerals Inc., a private company that is a dominant player in Quebec's Chibougamau mining camp with assets including a permitted mill and tailings facility, eight past-producing copper/gold mines and a 96,000-acre land position.