{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Kingsrose Mining (ASX:KRM) - Major Backing from BHP for Nordic Battery Metals Push","html":"","width":"100%","height":180,"duration":1359,"description":"Interview with Fabian Baker, MD of Kingsrose Mining Ltd.Our previous interview: https://www.cruxinvestor.com/posts/kingsrose-mining-krm-bhp-backed-team-scandinavian-nickel-assets-cash-2952Recording date: 22nd May 2024Scandinavian-focused explorer Kingsrose Mining (ASX:KRM) has emerged as a compelling battery metals investment opportunity following the announcement of a landmark exploration alliance with global mining giant BHP. The deal will see BHP sole fund up to US$30M over four years for Kingsrose to explore for new nickel and copper discoveries in the highly prospective but underexplored regions of Finland and Norway.The alliance adopts an innovative three-stage structure which aligns the interests of both parties while overcoming many of the drawbacks of typical junior-major joint ventures. BHP can earn up to a 75% stake in selected projects by sole funding an additional US$36M, but Kingsrose will retain majority ownership and operatorship of any projects BHP does not earn into. This provides Kingsrose with substantial funding to undertake systematic regional exploration for battery metals, with no near-term dilution and significant project-level control and upside.The BHP deal evolved out of Kingsrose's participation in the major's \"Xplor\" accelerator program which sought to combine the agility and technical capabilities of high-quality juniors with the funding and expertise of a major to drive new discoveries. Kingsrose was one of just seven companies globally selected from hundreds of applicants, underlining the strengths of its technical team and geological concepts.In parallel with the BHP alliance, Kingsrose is advancing two high-grade, 100%-owned projects in Scandinavia. The Penikat PGE project in Finland hosts a 25km outcropping zone of shallow, high-grade mineralization with multi-million ounce potential. Kingsrose is finalizing permits for first drilling after recently completing key environmental surveys.In Norway, Kingsrose is earning up to 80%...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}