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Pacific Nickel Mines Seeks Extension on Securities Suspension Amid Funding Talks

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Pacific Nickel Mines Seeks Extension on Securities Suspension Amid Funding Talks

Pacific Nickel Mines Limited ( (AU:PNM) ) has shared an update.

Pacific Nickel Mines Limited has requested an extension to the voluntary suspension of its securities as it continues discussions with Glencore International AG regarding funding for the Kolosori Nickel Project. The outcome of these discussions is crucial for the company’s liquidity and financial viability, and the suspension is intended to prevent uninformed trading until an announcement can be made.

More about Pacific Nickel Mines Limited

Pacific Nickel Mines Limited operates in the mining industry, focusing primarily on nickel extraction and production. The company is involved in the Kolosori Nickel Project and is working on securing funding for its operations.

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: €6M

See more insights into PNM stock on TipRanks’ Stock Analysis page.

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