Nicola Mining Launches $2 Million Private Placement

Nicola Mining ( (TSE:NIM) ) has shared an update.

Nicola Mining Inc. has announced a non-brokered private placement aiming to raise up to $2,000,000 through the issuance of units priced at $0.28 each. The funds are intended for general working capital, with the offering subject to regulatory approval and potential insider participation, highlighting the company’s efforts to strengthen its financial position and operational capabilities.

More about Nicola Mining

Nicola Mining Inc. operates in the mining industry, focusing on mineral exploration and development. The company is involved in the extraction and processing of valuable minerals, with a market focus on expanding its mining operations and enhancing shareholder value.

YTD Price Performance: 17.24%

Average Trading Volume: 35,843

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$58.36M

For detailed information about NIM stock, go to TipRanks’ Stock Analysis page.