Carlyle Expands Mining Portfolio: Acquires Miramis and Nicola East Property

Carlyle Group, a global investment firm, has recently announced a series of strategic moves in the mining sector, including the acquisition of Miramis Mining Corp. and the Nicola East Property option. Additionally, Carlyle has completed the Quesnel Gold Project field program and provided a corporate update. These developments highlight Carlyle's commitment to diversifying its mining portfolio and pursuing promising mineral assets.

Miramis Mining Corp. Acquisition
Carlyle's acquisition of Miramis Mining Corp. is a significant step in expanding its mining portfolio. Miramis, an unlisted reporting issuer in British Columbia and Alberta, focuses on the exploration and development of mineral property interests. The acquisition brings a well-capitalized mineral exploration company into Carlyle's fold, reducing operating and overhead costs, and increasing shareholder liquidity and capital markets exposure.

Nicola East Property Option
The acquisition of the Nicola East Property option further diversifies Carlyle's mining portfolio. The property, located 24 kilometers northeast of Merritt, British Columbia, is situated in an area of high geological potential known as the southern Quesnel Trough. This region hosts numerous copper and gold occurrences associated with porphyry-type deposits, including the Highland Valley Copper Complex, the New Afton Mine, and the former producing Ajax Deposit. The option to acquire a 100% interest in the mineral claims comprising the Nicola East Property, subject to a 2% net smelter return royalty, presents an attractive opportunity for Carlyle to gain exposure to promising mineral assets in a high-potential geological setting.

Quesnel Gold Project Field Program
Carlyle has also completed the Quesnel Gold Project field program, providing valuable data and insights to inform its mining strategy. The Quesnel Gold Project is a 100% owned asset of Carlyle, located in an area of high geological potential. The field program's completion allows Carlyle to assess the project's potential and make informed decisions regarding its development.

Corporate Update
In addition to these strategic moves, Carlyle has provided a corporate update, highlighting its commitment to creating shareholder value and pursuing growth opportunities. The update emphasizes Carlyle's focus on diversifying its portfolio, reducing costs, and increasing shareholder liquidity. The acquisition of Miramis Mining Corp. and the Nicola East Property option, along with the completion of the Quesnel Gold Project field program, are key components of Carlyle's strategy to achieve these objectives.


Carlyle's acquisition of Miramis Mining Corp. and the Nicola East Property option aligns with its long-term mining strategy, focusing on diversifying its portfolio and gaining exposure to promising mineral assets. The acquisition brings a well-capitalized mineral exploration company into Carlyle's fold, reducing operating and overhead costs, and increasing shareholder liquidity and capital markets exposure. The combined entity will have a diversified asset portfolio in British Columbia, with the addition of the Nicola East Property, which is located in an area of high geological potential known as the southern Quesnel Trough. This acquisition allows Carlyle to leverage Miramis' expertise in mineral exploration and development, potentially leading to synergies in exploration, resource evaluation, and project management. Additionally, the acquisition of the Quesnel Gold Project field program provides Carlyle with valuable data and insights to inform its mining strategy and further enhance its portfolio.


In conclusion, Carlyle's acquisition of Miramis Mining Corp. and the Nicola East Property option, along with the completion of the Quesnel Gold Project field program, demonstrate the company's commitment to diversifying its mining portfolio and pursuing promising mineral assets. These strategic moves align with Carlyle's long-term mining strategy and are expected to create shareholder value and drive growth. As Carlyle continues to execute on its strategic plan, investors should monitor the company's progress and consider the potential benefits of these acquisitions for the overall mining portfolio.