NVRO Metals looks to buy Northern Territories Resources, establish NVRO Metals Hub
NVRO Metals Limited has announced the proposed acquisition of Northern Territories Resources Pty Ltd, an Australian exploration and mining company whose assets, on completion of the proposed acquisition, will become the NVRO Metals Hub, a critical minerals production platform utilising the NVRO Process, located in Australia’s Northern Territory.
The establishment of the NVRO Metals Hub represents an important milestone in the company’s history, it says. Pursuant to a creditor-approved deed of company arrangement in Australia (the DOCA) executed on June 8, 2026, the company’s wholly-owned subsidiary, NVRO Metals (Australia) Pty Ltd , proposes to acquire all the issued and outstanding shares of NTR for total consideration of C$27.9 million ($20.01 million).
NTR is an Australian Northern Territory (NT) exploration and mining company whose principal assets include 48 NT tenements, comprising mining and exploration licences, a fully constructed hydrometallurgical processing facility, associated infrastructure and a substantial polymetallic resource base. The installed plant, currently permitted as a hydrometallurgical plant, includes a tank leach plant and associated infrastructure required for the NVRO Process, with additional solvent extraction, electrowinning, resin-in-pulp circuits capable of producing copper cathode and cobalt-nickel intermediate products in the near term. The acquisition will enable the company to accelerate its transition from a pre-revenue mineral process technology developer into a vertically integrated precious and critical minerals processing, recovery and production platform, it says. The original construction cost was C$206 million (inflation-adjusted approximately C$310 million).
NTR’s assets also include a historic polymetallic oxide and sulphide mineral resource estimate containing copper, cobalt, silver, lead, zinc and nickel (based on a 2006 historic report under the JORC Code). The company is working to verify and restate the estimate as a current mineral resource in the NI 43-101 technical report currently being prepared by the Measured Group.
Based on the engineering studies performed to date by PPM Global and the company, the acquisition provides the industrial-scale infrastructure capable of accelerating deployment of the NVRO Process and the foundation for the company’s centralised critical minerals processing hub strategy. During due diligence, the company believed that a pathway to near-term copper, cobalt and nickel production and operating cash flow could be achieved with the existing oxide resources and installed plant.
The company’s Phase 1 development strategy is focused on near term production of copper cathode and cobalt/nickel intermediate products by heap leach, solvent extraction and electrowinning (SX-EW) and precipitation of cobalt and nickel. Production is expected to commence by the December quarter of 2027. The company expects that the Measured Group will release a NI 43-101 report on the property, including both the oxide and sulphide resource, within the next few weeks. The current Mine Management Plan (MMP) is care and maintenance and a variation to the MMP will be made to undertake the proposed oxide heap leaching. A drilling campaign is being planned to obtain samples of both oxide and sulphide orebodies for further testing. The sulphide resource will undergo pilot scale testing through the micro NVRO pilot plant at the company’s Western Australia facility in the second half of this year. This will provide the inputs for future feasibility and engineering studies to advance the technology maturity of the NVRO Process toward technology readiness
“The establishment of the NVRO Metals Hub is a significant milestone in the company’s history,” David Cam, Executive Chair of NVRO Metals Limited, said. “For the first time, we have brought together proprietary technology, industrial-scale processing infrastructure and near-term production capability within a single platform. We believe this creates a powerful combination capable of generating operating cash flow while accelerating commercialisation of the NVRO Process.
“Importantly, this acquisition does not change our technology-led licensing strategy. The NVRO Metals Hub provides the infrastructure required to accelerate global deployment of the NVRO Process and support multiple customer opportunities.”
Grant Freeman, Chief Executive Officer, added, “The NVRO Metals Hub provides a pathway to near-term cash flow and production and provides a foundation for sustainable growth. We believe the NVRO Metals Hub expands the company’s commercial opportunities and positions us for critical minerals production from sulphide minerals.”
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