PERTH (miningweekly.com) – Newly minted Nordic Nickel has started share trading on the ASX, following a A$12-million initial public offering (IPO).
The company issued 115.2-million shares during its IPO, at a price of 25c each.
MD Todd Ross on Wednesday said the successful IPO placed the company in a strong position to start exploration across its portfolio of highly prospective nickel sulphide exploration assets in Finland, adding that the company was looking forward to following up on known nickel mineralisation and delivering a maiden Joint Ore Reserves Committee-compliant mineral resource in the near term.
“Our vision is to discover and develop traceable, sustainably sourced, low-carbon, high-purity class 1 nickel sulphides in Finland, at a time when demand for battery metals is growing exponentially,” said Ross.
He noted that despite hosting some of the world’s largest nickel and gold deposits, the region was significantly under-explored for komatiite/intrusive hosted nickel deposits using modern exploration techniques.
“The Central Lapland Greenstone Belt offers a generational opportunity for nickel exploration and the advanced exploration already conducted within the Pulju project area allows Nordic to expand known mineralisation and drill outstanding deeper geophysical targets that could deliver company-changing discoveries.”
Nordic has secured a 395 km2 exploration project area over the Pulju project, comprising exploration licence applications and a granted exploration licence within a larger exploration reservation.