10:33 AM EST - Quadra FNX Mining Ltd. : and Xstrata Nickel have signed a term sheet to utilize the Craig mine shaft and related underground infrastructure to further develop and operate the Levack mine, including the Morrison deposit. Quadra FNX expects that the use of Xstrata Nickel's Craig infrastructure will significantly improve the operational flexibility of the Morrison deposit and provide additional mining and drill access in the lower portions of this high grade ore body. Quadra FNX Mining Ltd.
shares T.QUX are trading up $0.28 at $10.50.
