VANCOUVER, British Columbia — NVRO Metals Limited (TSXV: NVRO), a clean technology company specializing in the recovery of precious and critical metals from sulphidic feedstock, has announced a proposed acquisition that will establish the NVRO Metals Hub in Australia's Northern Territory. This hub is designed to create a vertically integrated platform for critical minerals production, processing, and recovery, utilizing the proprietary NVRO Process™.
Acquisition Details
The proposed acquisition involves Northern Territories Resources Pty Ltd (NTR), an Australian exploration and mining company. Under a creditor-approved deed of company arrangement (DOCA) executed on June 8, 2026, NVRO Metals' wholly owned subsidiary, NVRO Metals (Australia) Pty Ltd, will acquire all issued shares of NTR for a total consideration of C$27.9 million. This includes a C$14.3 million contribution payable within 75 days, an environmental bond top-up of approximately C$2.3 million, C$10 million to the secured creditor, and about C$1.3 million for transaction costs.
NVRO Metals Hub Assets
NTR's principal assets include 48 tenements in the Northern Territory, comprising mining and exploration licenses, a fully constructed hydrometallurgical processing facility, and associated infrastructure. The installed plant, currently permitted as a hydrometallurgical facility, includes a tank leach plant and circuits for solvent extraction, electro winning, and resin-in-pulp, capable of producing copper cathode and cobalt-nickel intermediate products. The original construction cost was C$206 million (inflation-adjusted approximately C$310 million).
Strategic Importance
The acquisition marks a pivotal transition for NVRO Metals from a pre-revenue technology developer to a vertically integrated production platform. The company aims to accelerate commercialization and achieve near-term cash flow through existing oxide resources and installed plant infrastructure. Engineering studies by PPM Global and NVRO Metals indicate a pathway to near-term copper, cobalt, and nickel production.
Phase 1 Development
The Phase 1 development strategy focuses on near-term production of copper cathode and cobalt/nickel intermediate products via heap leaching, solvent extraction, electro winning (SX-EW), and precipitation. Production is expected to commence by Q4 2027. A NI 43-101 technical report is being prepared by the Measured Group, which will include both oxide and sulphide resource estimates. The current Mine Management Plan (MMP) is on care and maintenance, with a variation planned to undertake oxide heap leaching.
This initiative underscores NVRO Metals' commitment to establishing a centralized critical minerals processing hub, leveraging industrial-scale infrastructure to drive long-term growth and sustainability.
