M&A Deal Summary |
|
|---|---|
| Date | 2016-09-05 |
| Target | Avannaa Exploration |
| Sector | Metals/Mining |
| Buyer(s) | 80 Mile |
| Sellers(s) | Capricorn Energy |
| Deal Type | Divestiture |
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80 Mile is an operater and an exploration company in the United Kingdom. Company is exploring the Pituffik Ilmenite Project, which includes a very large and unusually pure titanium occurrence. Work to date indicates potential for Pituffik to be in the top percentile of projects worldwide in terms of heavy mineral grade, and this has been independently verified. The Company also owns high-grade magmatic copper and nickel sulphide deposits as well as copper-lead-zinc VHS-style deposits in Finland and Austria. This multi-commodity portfolio remains a strategic asset of importance and has been restructured to be cost-sustainable. 80 Mile was founded in 2005 and is based in London, the United Kingdom.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector: Metals/Mining M&A | 2 of 2 |
| Type: Divestiture M&A Deals | 1 of 1 |
| Country: United Kingdom M&A | 1 of 1 |
| Year: 2016 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-03-08 |
Bluejay Mining
Virgin Islands (British) Bluejay Mining Ltd. operates titanium exploration project in Greenland called the Pituffik titanium project. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1980 |
| Sector | Oil/Gas Exploration |
| Employees | 45 |
| Revenue | 148M GBP (2024) |
Capricorn Energy is an independent oil and gas exploration, development and production company. Capricorn Energy was founded in 1980 and is based in Edinburgh, United Kingdom.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Metals/Mining M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| Country: United Kingdom M&A | 1 of 1 |
| Year: 2016 M&A | 1 of 1 |
