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US Nickel Makes Offer for Argent Minerals

US Nickel Ltd has announced that it is to make an offer for Argent Minerals Ltd. According to the takeover terms US Nickel will offer four of its own shares for three shares in Argent Minerals that it doesn't currently own.

Argent Minerals has gold, silver, lead, and copper assets in Australia. The ‘off market’ bid was not received well by investors and both companies saw their share prices slide by almost six percent in the day’s trading after the announcement.

In a statement made by Argent Minerals it was mentioned that the board was considering the terms of the takeover offer and intends to engage an independent expert to prepare a report on whether the takeover offers are fair and reasonable.

US Nickel is keen to offer Argent Minerals an unsecured loan of $4 million to help it develop its Bullant gold project in Western Australia. Argent is currently hoping for good returns from its Kempfield project in New South Wales to do the same.

Joel Scanlon

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Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.


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