North American Nickel (TSX.V:NAN) is a mineral exploration company whose flagship property is the Maniitsoq property in Greenland. Maniitsoq is a district scale project covering numerous high-grade nickel-copper sulphide occurrences. The 70km plus long belt is situated along, and near, the southwest coast of Greenland, which is ice free year round.
North American Nickel Inc. is proceeding with the assignment agreement with Minelco AS, a subsidiary of Swedish iron producer LKAB Minerals. This will permit the company to move forward with the acquisition of the Seqi Port on the southwest coast of Greenland.
North American Nickel is engaged in the continued exploration for economic nickel sulphide deposits at its Maniitsoq project in southwestern Greenland. The Seqi Port is favourably located in the Niaquungunaq (Greenlandic) or Fiskefjord (Danish) fjord, proximal to North American Nickels' southern property boundary. It was constructed by LKAB Minerals, a subsidiary of Minelco AS, specifically for the transportation of olivine from its Seqinnersuusaaq or Seqi olivine mine, and to provide docking facilities for smaller vessels. In this regard, the port was amenable to dock and load Panamax vessels to 55,000 dead-weight tonnes.