Northwire Canada EditionSaturday, July 25, 2026
Northwire
B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9% B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9%
Financings

Nuclear Vision Acquires Manganese Carbonate Projects in Slovakia's "Battery Belt"

NUKV · Price

Executive Summary

  • Nuclear Vision Ltd. completed the acquisition of two Slovak manganese carbonate projects (Svabovce and Michalova) by issuing 10,000,000 common shares at a deemed price of $0.24 per share and paying €100,000 to the assignors.
  • The Projects contain historic resources of 13.9 Mt @ 14.47% Mn (Svabovce) and 10.4 Mt @ 9.49% Mn (Michalova), representing some of the largest manganese deposits in the EU.
  • The transaction is valued at roughly 10 % of Euro Manganese’s market value, providing Nuclear Vision with a highly favorable entry into the European “Battery Belt” and supporting its diversified critical‑minerals strategy.

Key Details

  • Transaction Structure: Issuance of 10,000,000 common shares (deemed $0.24/share) plus €100,000 cash to Private Equity Pty and Kluane Capital FZCO (Assignors).
  • Consideration Valuation: Approx. 10 % of Euro Manganese’s current market value; price based on Nuclear Vision’s average share price at agreement time.
  • Projects Acquired:
  • Svabovce Project – 47.24 km² exploration licence, historic resource 13.9 Mt @ 14.47% Mn.
  • Michalova Project – 14.34 km² tenement, historic resource 10.4 Mt @ 9.49% Mn.
  • Resource Status: Historical estimates; not classified as current mineral resources or reserves under NI 43‑101. Qualified person notes insufficient work to upgrade them.
  • Strategic Rationale:
  • Carbonate‑type manganese enables direct acid leaching, avoiding energy‑intensive roasting required for oxide ores.
  • Projects are within ~300 km of major automotive and battery manufacturers (e.g., Volvo, Gotion‑InoBat).
  • Proximity to rail, power, and road infrastructure de‑risks development timeline.
  • Regulatory/Shareholder Details: Shares unregistered in the U.S.; subject to a statutory hold period of 4 months + 1 day (NI 45‑102) and an additional voluntary six‑month hold period.
  • Future Plans: Transfer licences to a new wholly‑owned Slovak corporation; conduct verification work, site visits, data validation, and potential NI 43‑101 compliant resource estimate if warranted.
  • Qualified Person Review: Lorne Warner, P.Geo., Director of Nuclear Vision Ltd., reviewed and approved the technical information.

Notable Quotes

“The Company believes it has acquired the Projects at a very favourable price,” – Derrick Dao, Chief Executive Officer, Nuclear Vision Ltd.


All forward‑looking statements are subject to risks and uncertainties detailed in the release.

Read the original news release →

More from Nuclear Vision Limited