Acquisitions establish Royal Nickel as copper, gold producer

Project developer Royal Nickel Corp (RNC) on Monday announced two acquisitions that would transform the company into a cash-generating low-cost nickel, copper and gold producer. The Toronto-based company’s TSX-listed stock gained as much as 31% on Monday to C$0.21 apiece, after the company announced that it had agreed to buy a 67% interest in private miner Salt Lake Mining (SLM) in a deal valued at about C$7.7-million.