M&A Deal Summary

Strategic Resources Acquires Magnus Minerals - Akanvaara Project

On April 24, 2019, Strategic Resources acquired metals/mining company Magnus Minerals - Akanvaara Project from Magnus Minerals

Acquisition Highlights
  • This is Strategic Resources’ 2nd transaction in the Metals/Mining sector.
  • This is Strategic Resources’ 2nd transaction in Finland.

M&A Deal Summary

Date 2019-04-24
Target Magnus Minerals - Akanvaara Project
Sector Metals/Mining
Buyer(s) Strategic Resources
Sellers(s) Magnus Minerals
Deal Type Divestiture

Target

Magnus Minerals - Akanvaara Project

Tampere, Finland
Magnus Minerals Ltd. - Akanvaara Project is located in northern Finland, approximately 130 km north-east of Rovaniemi and 780 km north of Helsinki.

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Buyer(S) 1

Buyer

Strategic Resources

Vancouver, British Columbia, Canada

Category Company
Sector Metals/Mining
DESCRIPTION

Strategic Resources, Inc. is a Vancouver, Canada based mineral exploration and development company that will be focused on vanadium projects.


DEAL STATS #
Overall 2 of 2
Sector: Metals/Mining M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
Country: Finland M&A 2 of 2
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-24 Aurion Resources - Silasselkä Project

Finland

Aurion Resources Ltd. - Silasselkä Project is located in northern Finland, approximately 190 km north of Rovaniemi and 850 km north of Helsinki.

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Seller(S) 1

SELLER

Magnus Minerals

Tampere, Finland

Category Company
Sector Metals/Mining
DESCRIPTION

Magnus Minerals Ltd. is a private Finnish prospect generator company focused on mineral exploration. Magnus Minerals is based in Tampere, Finland.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Finland M&A 1 of 1
Year: 2019 M&A 1 of 1