Pacific Nickel Mines Limited has agreed to sell its entire interest in the Kolosori Nickel Project to Green Rock Limited for a nominal $1, while securing a royalty agreement tied to future nickel ore shipments.
Pacific Nickel Mines has paused operations at its Kolosori Nickel Project due to weak nickel prices and operational challenges, while negotiating critical financing with Glencore. The company remains in voluntary suspension on the ASX as it explores alternative business opportunities.
Pacific Nickel Mines Limited has paused its Kolosori Nickel Project due to operational setbacks and a challenging nickel price environment, entering voluntary suspension while negotiating critical financing with Glencore.