Deals
Waterton Seeks Up To $1 Billion for Quebec Nickel Mine
- Toronto firm has hired Goldman to sell shovel-ready project
- Metal is coveted by automakers for electric vehicle batteries
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Waterton Global Resource Management Inc. has hired advisers to sell its Dumont nickel project in Quebec, seeking to capitalize on demand for the resource as automakers make plans to build more electric vehicles, according to people familiar with the matter.
The project, which is located about 300 miles northwest of Ottawa, could fetch as much as $1 billion in a sale, the people said, asking not to be identified because the matter is private. Goldman Sachs Group Inc. has been hired to run the process, the people said.