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Nico Resources Raises $3.73M to Fast-Track Wingellina Nickel-Cobalt Project

10:32am on Tuesday 20th of January, 2026 AEDT Mining
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Nico Resources Raises $3.73M to Fast-Track Wingellina Nickel-Cobalt Project

10:32am on Tuesday 20th of January, 2026 AEDT
Key Points
  • Raised $3.73 million via placement at $0.30 per share
  • Placement oversubscribed with strong institutional support
  • Funds earmarked for Wingellina infill drilling and working capital
  • Placement price set at 9.1% discount to recent close but 7.5% premium to 5-day VWAP
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