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NICO Resources Limited ( (AU:NC1) ) has shared an announcement.
Nico Resources Limited has secured commitments from investors to raise $1.1 million through a share placement, issuing 13.75 million shares at $0.08 each. The funds will support the exploration and development of the Wingellina Project and cover working capital requirements. This move positions Nico Resources to advance its operations and strengthens its market presence in the nickel and cobalt industry.
More about NICO Resources Limited
Nico Resources Limited is an Australian company focused on the development of the Wingellina nickel project in Western Australia. The Wingellina project is a significant oxide-type nickel cobalt deposit with a reserve capable of producing approximately 40,000 tonnes of nickel and 3,000 tonnes of cobalt annually for at least 42 years. The project is characterized by its long life, low cost, and high operating margins, as confirmed by a detailed pre-feasibility study.
Average Trading Volume: 68,170
Technical Sentiment Signal: Sell
Find detailed analytics on NC1 stock on TipRanks’ Stock Analysis page.