Power Nickel (TSX-V: PNPN) announced the prices of its formerly revealed “best shots” personal positioning to increase around C$ 40 million ($ 28 million) for expedition at its Nisk nickel-copper-platinum team steels job in Québec.
The offering includes 14.14 million Québec flow-through shares valued at C$ 2.83 each, with BMO Resources Markets and Hannam & Allies working as joint bookrunners, together with a distribute of representatives.
” The business is enjoyed reveal this positioning and values the ongoing assistance of Robert Friedland and Rob McEwen, to name a few existing investors, as it expects the amazing winter season 2025 drill program and summer season 2025 program,” Power Nickel chief executive officer Terry Lynch stated in a press release.
The offering is anticipated to surround February 27, 2025, based on regulative authorizations, consisting of that of the TSX Endeavor Exchange.
Power Nickel went into the job in 2021. The Toronto-based junior miner intends to create Nisk, situated in Quebec’s James Bay area, as Canada’s very first carbon-neutral nickel mine, leveraging carbon capture and hydroelectric power.
The job includes the Nisk and Lion areas, in addition to untried electro-magnetic targets.
According to the business, the Nisk major area attributes top-quality class-1 nickel with intercepts of 18.5 meters at 2.00% NiEQ and 26.6 meters at 1.98% NiEQ.
The Lion Exploration showcases areas with copper as much as 8%, PGMs over 22 grams per tonne, gold over 1.6 grams per tonne, and silver over 69 grams per tonne.
Power Nickel’s shares were down 0.6% Monday early morning in Toronto, with a market capitalization of C$ 311 million ($ 219 million).
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