NickelX Secures $2M for Strategic Expansion

Nickelx Ltd (AU:NKL) has released an update.

NickelX Limited has announced a successful capital raise of $2 million through an equity placement targeting sophisticated and institutional investors, which will fund exploration at the Elliot Lake Uranium Project and support the company’s overall growth strategy. The company is also considering a rebrand to Strata Minerals Limited, reflecting its new strategic direction, pending shareholder approval. Shares from the raise will be issued in two tranches, with the first set to take place on 24 July 2024.

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