https://www.engineeringnews.co.za
Aggregate|Botswana|Copper|Energy|Exploration|Mining|PROJECT|Projects|Renewable Energy|Renewable-Energy|Resources
Aggregate|Botswana|Copper|Energy|Exploration|Mining|PROJECT|Projects|Renewable Energy|Renewable-Energy|Resources
aggregate|botswana|copper|energy|exploration|mining|project|projects|renewable-energy|renewable-energy-company|resources

Premium Nickel raises C$27.5m for Botswana projects amid strong investor interest

11th June 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Canadian mining company Premium Nickel Resources will raise C$27.5-million through an upsized private placement offer, the company announced on Monday.

This is an increase from the initial C$15-million offering, reflecting strong interest, primarily from existing shareholders, said the TSX-V-listed firm.

The offering, priced at C$0.78 per unit, will close in two tranches. The first tranche, bringing in aggregate gross proceeds of C$15-million, is set to close on June 14. The final tranche, accounting for the remaining units, will close on June 21.

Proceeds from this offering will be directed towards the exploration and development of Premium Nickel's mineral assets in Botswana. This includes the redevelopment of previously producing nickel, copper, and cobalt mines, specifically the former BCL Selebi mine, now known as the Tsholofelo project, and the former Tati Nickel Mining Company’s Selkirk mine.

Premium Nickel's focus is on modernising these sites to extract and produce two separate commercial concentrates of nickel and copper. The company aims to leverage these resources to meet growing demand for critical minerals, driven by the global shift towards renewable energy and electric vehicles.

Edited by Creamer Media Reporter

Comments

Showroom

Yale Lifting Solutions
Yale Lifting Solutions

Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...

VISIT SHOWROOM 
Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Economic growth a top priority for GNU
Economic growth a top priority for GNU
19th July 2024 By: Creamer Media Reporter
Magazine round up | 19 July 2024
Magazine round up | 19 July 2024
19th July 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.348 0.41s - 190pq - 2rq
Subscribe Now