Podium Minerals Ltd. (AU:POD) has released an update.
Podium Minerals Ltd. has submitted a proposal to acquire EV Nickel’s assets through a Deed of Company Arrangement, aiming to consolidate mineral rights and potentially enhance its mining operations. The proposal includes issuing shares to Johnson Matthey, a significant player in the PGM market, which would become a major shareholder in Podium. This strategic move could offer Podium operational benefits and a stronger foothold in the nickel and PGM sectors.
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