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09 Feb
10:13

Nickel Mines launches acquisition of Oracle Nickel Project

The directors of Nickel Mines have approved a $225 million capital raise to fund the acquisition of an initial 30% interest in the Oracle Nickel Project (ONP), which is under construction within the Indonesia Morowali Industrial Park. Nickel Mines expects to purchase 10% and 20% of the shares in ONP by the end of March and by the end of June respectively, Kallanish learns. An additional 40% interest is planned to be gained by no later than 31 December, requir…
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