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Pacific Nickel Mines Seeks Extension on Security Suspension Amid Funding Talks

Story Highlights
  • Pacific Nickel Mines focuses on nickel extraction and is involved in the Kolosori Nickel Project.
  • The company seeks a suspension extension due to ongoing funding discussions with Glencore.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Pacific Nickel Mines Seeks Extension on Security Suspension Amid Funding Talks

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An update from Pacific Nickel Mines Limited ( (AU:PNM) ) is now available.

Pacific Nickel Mines Limited has requested an extension to the voluntary suspension of its securities as it continues discussions with Glencore International AG regarding funding for the Kolosori Nickel Project. The outcome of these discussions is crucial for the company’s liquidity and financial viability, and the suspension is intended to prevent uninformed trading until an announcement can be made.

More about Pacific Nickel Mines Limited

Pacific Nickel Mines Limited operates in the mining industry, focusing primarily on nickel extraction and production. The company is involved in the Kolosori Nickel Project and is working on securing funding for its operations.

YTD Price Performance: 40.0%

Technical Sentiment Signal: Strong Buy

Current Market Cap: €5.84M

See more data about PNM stock on TipRanks’ Stock Analysis page.

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