Royal Nickel Corp. is actively searching for potential development partners for its Dumont project in Northern Quebec.
A resource estimate for the property in the spring included 9.6 billion pounds of nickel in the measured and indicated categories.
At the beginning of August, the company got a boost from Ressources Québec, which will invest $12-million in return for a smelter-related royalty and a 2-per-cent interest in the property.
Since mid-August, six insiders have bought 436,985 shares in the public market at an average price of 49 cents.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.