M&A Deal Summary

Solitario Resources Acquires Zazu Metals

On July 13, 2017, Solitario Resources acquired metals/mining company Zazu Metals

Acquisition Highlights
  • This is Solitario Resources’ 1st transaction in the Metals/Mining sector.
  • This is Solitario Resources’ 1st transaction in Canada.
  • This is Solitario Resources’ 1st transaction in British Columbia.

M&A Deal Summary

Date 2017-07-13
Target Zazu Metals
Sector Metals/Mining
Buyer(s) Solitario Resources
Deal Type Add-on Acquisition

Target

Zazu Metals

Vancouver, British Columbia, Canada
Zazu Metals Corp. is a provider of exploration of metals products. Zazu Metals is based in Vancouver, British Columbia.

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Buyer(S) 1

Buyer

Solitario Resources

Wheat Ridge, Colorado, United States

Category Company
Founded 1984
Sector Energy Services and Equipment
Employees4
DESCRIPTION

Solitario Resources is a zinc exploration company traded on the NYSE MKT ("XPL") and on the Toronto Stock Exchange ("SLR"). With the Zazu acquisition, Solitario now holds a 50% operating interest in the Lik zinc-lead-silver deposit in Northwest Alaska, which is large tonnage, high-grade and potentially open pittable. Teck Resources Limited is a 50% partner with Solitario in the Lik deposit, with Solitario acting as the project manager. Solitario Resources was founded in 1984 and is based in Wheat Ridge, Colorado.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: British Columbia M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2017 M&A 1 of 1