Podium Minerals Expands Nickel Assets with Strategic Acquisition

The latest update is out from Podium Minerals Ltd. ( (AU:POD) ).

Podium Minerals Limited has entered into a Deed of Company Arrangement to acquire all assets of EV Nickel Pty Ltd, which includes the Range Well Nickel Project. This acquisition, which is subject to Foreign Investment Review Board approval, will enable Podium to consolidate its Range Well and Parks Reef Projects under one ownership, potentially providing strategic and operational benefits. The transaction is considered a counter-cyclical move, with Johnson Matthey plc set to hold a 16.25% stake in Podium post-completion. Additionally, Podium completed a metallurgical drilling program at Parks Reef and raised $3.64 million to further project development. The company also reported zero incidents in safety and sustainability for the quarter.

More about Podium Minerals Ltd.

Podium Minerals Limited is a company in the mining industry, focusing primarily on the exploration and development of platinum group metals (PGMs) and associated base metals. The company operates projects such as the Parks Reef Platinum Group Metals Project, and it recently expanded its focus to include nickel assets through strategic acquisitions.

YTD Price Performance: 6.67%

Average Trading Volume: 104

Technical Sentiment Consensus Rating: Hold

Current Market Cap: €11.66M

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