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Nordic Nickel Limited ( (AU:NNL) ) has shared an announcement.
Nordic Resources Limited has successfully completed a A$3.5 million institutional placement to fund its Finnish gold projects, bringing its cash reserves to approximately A$6 million. The funds will be used to enhance drilling programs and progress processing options for the Kopsa and Kiimala gold-copper projects. The company also announced the appointment of Malcolm Norris as Non-executive Chairman, a move expected to bolster its strategic direction and technical expertise. The acquisition of three gold projects from Northgold AB has been approved by Northgold’s shareholders, pending final approval from Nordic’s shareholders.
More about Nordic Nickel Limited
Nordic Resources Limited, trading as Nordic Nickel Limited, is a mining company focused on the exploration and development of gold and nickel-copper projects in Finland. The company is engaged in acquiring and advancing gold projects in the Middle Ostrobothnia Gold Belt and has a strategic interest in the Pulju nickel-copper project.
Average Trading Volume: 180,264
Technical Sentiment Signal: Sell
For an in-depth examination of NNL stock, go to TipRanks’ Stock Analysis page.