Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Appian forms JV with Osisko Metals to develop the Pine Point zinc project

This image opens in the lightbox

News provided by

Appian Capital Advisory LLP

06 Apr, 2023, 13:50 GMT

Share this article

Share toX

Share this article

Share toX

Highlights

  • Closing and formation of a joint venture with TSX-V listed Osisko Metals to develop the Pine Point zinc-lead project in Northwest Territories, Canada, as part of which:
    • Appian has purchased share capital of Pine Point Mining Limited (PPML), which holds the Pine Point Project, from Osisko Metals in exchange for a payment in the amount of C$8.3m;
    • Appian has subscribed for share capital of PPML in exchange for funding C$13.1m into PPML;
    • Appian has provided an interim loan to Osisko Metals in the amount of C$6.7m that has been converted into share capital in PPML; and
    • Appian has purchased shares of Osisko Metals at a price of $0.2481 per share for C$5m.
  • Pine Point is strongly aligned with Appian's investment strategy, expected to produce clean zinc and lead concentrates, benefitting from its strategic location in a tier-1 jurisdiction and access to international concentrate markets through existing high-quality infrastructure, including railway access
  • Brownfield exploration package with over 1 million meters of historical drilling providing significant resource development upside and the ability to leverage returns through mine life extensions
  • Transaction provides Appian active governance and board representation, allowing it to use its deep technical and strategic expertise to drive development and de-risk the project
  • Pine Point is Appian's third investment in the attractive zinc market, complementing its world-class portfolio of highly prospective assets located in attractive operating jurisdictions, while strengthening Appian's overall presence in Canada

LONDON, April 6, 2023 /PRNewswire/ -- Appian Capital Advisory LLP ("Appian" or the "Company"), the investment advisor to long-term value-focused private equity funds that invest in mining and mining-related companies, is pleased to announce that it has entered into a joint venture (the "JV") with Osisko Metals Incorporated ("Osisko Metals") to fund, develop and operate the Pine Point zinc-lead project (the "Project"), located in Northwest Territories, Canada (the "Transaction").

Michael W. Scherb, Founder and CEO of Appian, commented:

"Appian is excited to advance the development of Pine Point, a highly prospective and strategically located project in the global zinc market. Alongside the expertise of Osisko Metals, Appian's extensive technical mine development experience and substantial financial investment will help maximise the potential of Pine Point over the coming years. I look forward to a collaborative partnership with Osisko Metals, the Pine Point team and local communities to deliver value to all stakeholders."

As part of the Transaction, Appian has purchased share capital of Pine Point Mining Limited (PPML), which holds a 100% interest in the Pine Point Project, from Osisko Metals in exchange for a payment in the amount of C$8.3m and shares of Osisko Metals at a price of $0.2481 per share for C$5m. In addition, Appian has subscribed for share capital of PPML in exchange for funding C$13.1m into PPML and provided an interim loan to Osisko Metals in the amount of C$6.7m which has been converted into share capital in PPML.

The Transaction provides Appian with 25.3% of the share capital of the JV at closing. Furthermore, Appian will provide 100% of the equity funding required for the project until it has acquired an ownership interest of 60% in PPML or until a Final Investment Decision has been reached. The parties will fund any additional equity capital requirements for the project pro rata.

Prior to Appian earning into a >50% ownership, the JV's Board of Directors will comprise four Directors, Geoff Cohen (Chairman) and Adam Fisher, as nominees of Appian, and Robert Wares and Gordon Stothart, as nominees of Osisko Metals. The Chair will have the casting vote on agreed matters requiring simple majority approval and post Appian earning into a >50% ownership, the JV's Board of Directors will be comprised of five Directors of which three will be appointed by Appian (including the Chairman). The Technical and Financial Committee of PPML will follow a composition in line with the composition of the JV's Board of Directors, allowing Appian to use its deep technical expertise to bring the project into production.

The Transaction follows extensive engagement with the Osisko Metals team and is a strong fit with Appian's investment strategy:

  • Active board and committee representation will enable Appian to leverage its technical and strategic expertise to optimize the development of the Project
  • Pine Point is expected to produce clean zinc and lead concentrates and will benefit from its strategic location in a tier-1 jurisdiction and access to international concentrate markets through existing, high-quality infrastructure, including Class I railway access
  • Significant resource development upside and the ability to leverage returns through mine life extensions
  • Previously operating mine with geological database of >18,500 drill holes (>1 million meters) representing significant sunk cost
  • Appian's third investment in the attractive zinc market complementing its world-class portfolio of highly prospective assets located in attractive operating jurisdictions
  • Strengthens Appian's presence in Canada, where it has recently opened offices in Montreal and Vancouver, which remains one of the world's leading mining jurisdictions with rich mineral deposits and a robust regulatory environment 

About Appian Capital Advisory LLP
Appian Capital Advisory LLP is the investment advisor to long-term value-focused private equity funds that invest solely in mining and mining-related companies.

Appian is a leading investment advisor in the metals and mining industry, with global experience across South America, North America, Australia and Africa and a successful track record of supporting companies to achieve their development targets, with a global operating portfolio overseeing nearly 6,300 employees.

Appian has a global team of 65 experienced professionals with presences in London, New York, Toronto, Vancouver, Lima, Belo Horizonte, Montreal and Perth.

For more information please visit www.appiancapitaladvisory.com, or find us on LinkedIn, Instagram or Twitter.

Logo - https://mma.prnewswire.com/media/1720474/Appian_Logo.jpg

Modal title

Also from this source

Appian victorious in High Court claim against Sibanye-Stillwater following unlawful termination of US$1.2 billion transaction

Appian victorious in High Court claim against Sibanye-Stillwater following unlawful termination of US$1.2 billion transaction

Appian Capital Advisory LLP ("Appian"), the investment advisor to long-term value-focused private capital funds that invest in companies in metals,...

More Releases From This Source

Explore

Mining & Metals

Mining & Metals

Mining & Metals

Mining & Metals

Banking & Financial Services

Banking & Financial Services

Mining

Mining

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.