Finland money

Finnish nickel newbie up 20% in second day of trading – The Market Herald

Shares of Nordic Nickel (NNL) held 20% above its IPO price, a day after the company debuted on the ASX.

Nordic has a portfolio of nickel projects in Finland’s central Lapland greenstone belt and has raised $12 million with shares at 25 cents.

Managing Director Todd Ross told Deal Room that access to the European market was key to the company’s strategy.

“Europe is set to become the second largest battery cell manufacturing center outside of China,” he said.

“Being able to deliver nickel sulphides directly to the European metals and battery manufacturing market (we believe) is a truly unique value proposition.

“We will be releasing a resource in the coming months.

“There was historical drilling done by Outokumpu in the 80s and 90s on our main exploration concessions, there were 51 holes drilled there and we went through that database, re-recorded, re-analyzed , all this core.

“What we do know is that there is a large amount of broad mineralization near the surface of disseminated nickel and we will be looking to extract an inaugural resource based on this historic drilling that has been done previously and the Emphasis will be placed on exploration techniques and the use of geophysics moving forward as well.

Nordic Nickel has a market cap of over $33 million and shares were trading at 30 cents as of 2:10 p.m. AEST.

Navarre Minerals (NML) is opening a $5 million stock purchase plan next Wednesday after securing $4.5 million through a placement.

The capital increase comes on the heels of high-grade gold, silver and copper drilling results from its Mt Carlton deposit.

For the rest of the year, the company plans to intensify exploration efforts on the project, 150 kilometers south of Townsville.

Stimulus shares are being offered at 6.6 cents, a 16.5% discount from the last closing price.

Chief executive Ian Holland said the company wanted to develop the resources of the operation, which was acquired by Navarra late last year.

“With the ramp-up of Mt Carlton, we believe the time is right to intensify exploration activities as we seek to expand the growing resource base and convert more resources to reserves at our processing facility at state-of-the-art,” he said.

Navarre has a market cap of over $90 million and the shares were trading this afternoon at the same price of 6.6 cents as the capital-raising shares that will be offered.

Meanwhile, fintech debt management solutions Credit Clear (CCR) intends to improve customer onboarding with proceeds from its $7.5 million placement.

Credit Clear will improve automation and continue its international expansion.

CEO Andrew Smith said the company was on track to become profitable next month, but the volume of new customers had posed onboarding issues.

“While this is a fantastic problem to have, it is nevertheless a problem that needs to be solved,” he said.

“Credit Clear is winning new business at a faster rate than ever before in this industry.

“The additional capital raised will enable us to quickly build a scalable solution for customer onboarding that will allow the business to grow unrestricted into the future in Australasia and internationally.”

The shares issued in the placement were priced at 43 cents, today the market value was 45 cents at 1:34 p.m. AEST. Credit Clear’s market capitalization sits above $160 million.

Greenstone Resources (GSR) raised $4.93 million through a placement to fund exploration activities on its Mt Thirsty, Burbanks and Phillips Find projects.

Managing Director and CEO Chris Hansen said the company hopes to start drilling within two months.

“Greenstone is in a transformational stage, simultaneously increasing high-grade inventory at our flagship Burbanks gold project, while maintaining aggressive exploration activities at both Mt Thirsty and Phillips Find,” he said. declared.

The shares gained more than 7.5% today, to 5.6 cents at 1:38 p.m. AEST.

Malawi bauxite player Lindian Resources (LIN) has received a firm commitment from an anonymous wealthy investor to raise $2 million with shares at 10 cents.

This price was 16% above Lindian’s last closing price.

President Asimwe Kabunga said the money would enable the company to pursue the potential acquisition of Rift Valley Resources Developments and its Kangankunde project in Malawi.

“We are pleased to have secured this investment at a premium to the company’s current market price and the confidence it has in [our] ability to successfully conclude negotiations regarding the potential acquisition of Rift Valley Resources Developments and its Kangankunde mining project,” he said.

“Lindian will keep shareholders informed of future developments in this regard.”

Lindian has a market cap of just under $65 million and shares were trading at 8.7 cents at 1:55 p.m. AEST.

Battery Minerals (LDX), Empire Energy Group (BAT) and Lumos Diagnostics (LDX) are the companies whose trading is halted today before raising capital.