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Pacific Nickel Mines Suspends Kolosori Project Amid Funding and Price Pressures
4:06am on Monday 2nd of June, 2025 AEST
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Mining
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Pacific Nickel Mines Suspends Kolosori Project Amid Funding and Price Pressures
4:06am on Monday 2nd of June, 2025 AEST
Key Points
Kolosori Nickel Project on hold due to weak nickel prices and operational issues
One nickel ore shipment made to fund ongoing site compliance activities
Company in voluntary suspension on ASX amid financing talks with Glencore
Glencore provided a US$22 million secured loan facility; repayments yet to commence
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Pacific Nickel Mines (ASX:PNM)
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