NEW YORK, Jan. 14, 2014 /PRNewswire/ -- S&P Capital IQ announced today that it has commenced Standard & Poor's Factual Stock Report coverage on Royal Nickel Corporation.
Royal Nickel Corporation (TS:RNX) is a mineral resource company focused primarily on the acquisition, exploration, evaluation and development of base metal and platinum group metal properties. Royal Nickel's principal asset is the Dumont Nickel Project located in the established Abitibi mining camp, in the municipalities of Launay and Trecesson, 25 kilometers northwest of Amos, Quebec. The company also holds certain other properties.
Royal Nickel's immediate focus is to continue to fast track the development of its principal property, the Dumont Nickel Project.
In November 2013, Royal Nickel noted that, having completed a positive feasibility study, the company's main focus was on putting together a financing package that would allow its Dumont Nickel Project to continue to move forward once it had completed the permitting process.
On September 26, 2013, the company announced that it had entered into an agreement with Hydro-Quebec for the construction of a high-voltage power transmission line to connect Royal Nickel's planned Dumont Nickel Project to Hydro-Quebec's existing electricity distribution network. The connection of the Dumont site to the existing network will require the installation of approximately 10 kilometers of 120 kV power lines.
In addition to the Dumont Nickel Project, the company has other exploration assets, consisting of the Jefmar property and the Marbridge property. The Jefmar property is located in the La Motte and Figuery townships, in the province of Quebec; and the Marbridge property is located 60 kilometers by road southeast of the Dumont Nickel Project and 40 kilometers northwest of Val-d'Or, Quebec. Minor exploration work was completed by the company on the Marbridge property, and no significant work was completed by the company on the Jefmar property during the quarter ended September 30, 2013.
Royal Nickel Corporation is headquartered in Toronto, Ontario, Canada.
S&P Capital IQ's Factual Stock Report coverage on Royal Nickel Corporation will also be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P Capital IQ research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts. Please visit http://www.royalnickel.com for additional information.
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Currently profiling approximately 500 issuers, Standard & Poor's Factual Stock Reports, produced by S&P Capital IQ, increase market awareness of issuers in the investment community with insightful commentary and key statistics and information. Standard & Poor's Factual Stock Reports provide factual research coverage about company fundamentals and business prospects, thereby enabling information about covered companies to reach a wide investor audience of Buy and Sell-side investors. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is underwritten by the issuer, S&P Capital IQ does not offer investment opinions concerning the advisability of investing in these stocks.
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