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- Pacific Nickel Mines (PNM) enters a trading halt while it plans a capital raise
- The resources business expects to remain in the trading halt until Monday, October 17, by which time it plans to have released the details of the capital raise
- Most recently, the company was awarded a mining lease for its Kolosori nickel project in the Solomon Islands
- Additionally, Pacific Nickel has entered a mining agreement with the Government of the Solomon Islands, setting out the mining, environmental, and fiscal terms for the project
- Shares in the company last traded at 8.9 cents on October 11
Pacific Nickel Mines (PNM) has entered a trading halt while it plans a capital raise.
The company has not yet announced how much it plans to raise nor how it will spend the money.
The resources business expects to remain in the trading halt until Monday, October 17, by which time it plans to have released the details of the capital raise.
Most recently, the company was awarded a mining lease for its Kolosori nickel project in the Solomon Islands.
The approval comes after the company successfully entered into a Surface Access Rights agreement with the area’s landowners and completed its remaining regulatory approvals.
Additionally, Pacific Nickel has entered a mining agreement with the Government of the Solomon Islands, setting out the mining, environmental, and fiscal terms for the project.
Shares in the company last traded at 8.9 cents on October 11.
