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The latest announcement is out from Poseidon Nickel Limited ( (AU:POS) ).
Poseidon Nickel Limited announced the approval of the merger schemes with Horizon Minerals Limited, where Horizon will acquire all shares and options of Poseidon. The schemes were approved by the requisite majority of Poseidon’s shareholders and optionholders, marking a significant step in creating a new mid-cap gold producer in Western Australia. However, the completion of the merger remains subject to the satisfaction of customary conditions outlined in the Scheme Implementation Deed.
More about Poseidon Nickel Limited
Poseidon Nickel Limited operates in the mining industry, focusing on the production of nickel, a key metal used in stainless steel and battery production. The company is involved in the exploration, development, and production of nickel and has a market focus on expanding its resources and capabilities within Western Australia.
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $10.45M
See more insights into POS stock on TipRanks’ Stock Analysis page.