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Pacific Nickel Mines Limited ( (AU:PNM) ) has provided an update.
Pacific Nickel Mines Limited has requested an extension of the voluntary suspension of its securities on the ASX as it continues discussions with Glencore International AG regarding the funding of its Kolosori Nickel Project. The company is working towards resolving its funding arrangements, which are crucial for its liquidity and financial viability, and anticipates that discussions may continue for another three weeks. The suspension is deemed necessary to prevent uninformed trading until a formal announcement can be made.
More about Pacific Nickel Mines Limited
Pacific Nickel Mines Limited operates in the mining industry, focusing on the exploration and development of nickel projects. The company is primarily engaged in the Kolosori Nickel Project and is seeking funding to support its operations.
YTD Price Performance: 0%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €6.06M
Learn more about PNM stock on TipRanks’ Stock Analysis page.
