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Pacific Nickel Mines Limited ( (AU:PNM) ) just unveiled an update.
Pacific Nickel Mines Limited has provided an update on its activities for the June 2025 quarter, highlighting ongoing operations and financial challenges. The company continues to face operational issues and a weak nickel price, impacting its Kolosori Nickel Project. To address these challenges, Pacific Nickel is working closely with Glencore International AG, which has provided financial support through a loan facility. The company is currently suspended from trading on the ASX, pending compliance with listing rules and resolution of funding arrangements with Glencore. The outcome of these discussions is crucial for the company’s financial viability and future operations.
More about Pacific Nickel Mines Limited
Pacific Nickel Mines Limited operates in the mining industry, focusing primarily on nickel production. The company is involved in the Kolosori Nickel Project, a direct shipping ore nickel laterite operation located on Isabel Island in the Solomon Islands.
Technical Sentiment Signal: Sell
Current Market Cap: A$10.04M
For an in-depth examination of PNM stock, go to TipRanks’ Overview page.