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M&A / Property Game Changer

Arizona Eagle Mining Corp. (Formerly Core Nickel Corp.) Announces Closing of Reverse Takeover Transaction

Arizona Eagle Completes RTO to Pivot from Manitoba Nickel to High-Grade Arizona Gold

By The Northwire Desk — AI Analysis Mar 25, 2026 · 05:01 CNCO · 0.14 Core Nickel Corp.
Executive Summary

The most recent news (March 25, 2026) confirms the successful closing of the Reverse Takeover (RTO) of Core Nickel Corp. by Arizona Copper and Gold Ltd. (ACG). The resulting entity, Arizona Eagle Mining Corp. (TSXV: AZEM), is now a Tier 2 Mining Issuer. Key leadership has shifted to the ACG team, with Kevin Reid as CEO and Marc Pais as Executive Chair. The company has consolidated its shares on an 8.5:1 basis and raised approximately $3.19 million CAD through concurrent financings at a post-consolidation price of $1.20 per share. Trading is expected to resume on the TSXV around March 31, 2026.

Material Impact

This is a "Game Changer" for the following reasons: - Strategic Pivot: The company has transformed from a nickel explorer in Manitoba to a gold-silver developer focused on the past-producing McCabe Mine in Arizona. - Asset Quality: The flagship Eagle Project centers on a historic (non-NI 43-101 compliant) estimate of 878,000 oz gold at 11.7 g/t and 5M oz silver at 69 g/t. If confirmed, this represents one of the highest-grade gold projects in North America. - Capital Infusion: The closing releases over $3 million in net proceeds to fund a Phase 1 drill program that is already underway. - Management Overhaul: The board and management now consist of the team that advanced the Eagle Project privately for two years, ensuring continuity of technical knowledge.

CNCO · Price
Company Overview

Arizona Eagle Mining Corp. is a gold-silver exploration company. - Flagship Project: The Eagle Project (Yavapai County, Arizona). - Key Asset: The past-producing McCabe Mine. - Secondary Assets: A 100% interest in five nickel projects in the Thompson Nickel Belt, Manitoba, including the Mel deposit (Historical Indicated: 4.28M tons @ 0.875% Ni).

Read the original news release →

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