Archer Exploration changes name to NorthX Nickel
It will complete a non-brokered private placement for C$2.27 million and a consolidation of its common shares, effective May 1.
It will complete a non-brokered private placement for C$2.27 million and a consolidation of its common shares, effective May 1.
Nickel has rallied hard this month, clawing back some of the territory lost during its price slide in 2023.
Overseas sales jumped more than 200% in March from the previous month.
One of the largest iron ore producers in the world, posted a $1.7 billion net profit for the quarter ended in March, while analysts polled by LSEG were expecting a $1.9 billion profit.
The filing of a resource estimate in November qualified Power Nickel for 30% more in the project to conclude the earn-in agreement.
Following the successful nickel sulphate production, SGS continues testing to produce what TMC believes will be the world’s first cobalt sulphate from polymetallic nodules.
In under a decade, Nickel Industries Ltd. has gone from a relatively small miner to the world’s sixth-biggest producer of the metal.
The nickel-cobalt project near Timmins, Ontario, includes the Mann Northwest, Central and Southeast properties.
Rusal has alleged that the sale of some business units led to losses for Nornickel shareholders.
The company confirmed its 2024 production forecast, expecting nickel production to fall to 184,00-194,000 tons.