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Pacific Nickel Suspends Kolosori Project Amid Financing Talks and Nickel Price Slump
4:11pm on Friday 31st of January, 2025 AEDT
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Mining
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Pacific Nickel Suspends Kolosori Project Amid Financing Talks and Nickel Price Slump
4:11pm on Friday 31st of January, 2025 AEDT
Key Points
Kolosori Nickel Project operations halted due to weak nickel prices and operational issues
Voluntary suspension on ASX maintained during ongoing financing discussions with Glencore
One nickel ore shipment made to fund site compliance activities
Glencore’s US$22 million secured loan remains unpaid, with rights reserved
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Pacific Nickel Mines (ASX:PNM)
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