Nickel Mines Ltd. (AU:NIC) has released an update.
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Nickel Industries Limited has successfully syndicated a US$250 million loan facility with strong support from a diverse group of banking institutions, reflecting the company’s regional reputation as a top global nickel producer. The move, led by PT Bank Negara Indonesia and DBS Bank Ltd, aligns with Nickel Industries’ shift towards the electric vehicle battery market, complementing its traditional stainless-steel industry products. This strategic advancement signifies the company’s commitment to sustainable practices and marks a significant step in its growth trajectory.
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