Movers and SHAKERS
Palladium One Mining Inc. (NKORF)(PDM:CA)
Hitting on All Cylinders
Palladium One Mining Inc is a palladium dominant, PGE, nickel, copper exploration and development company. Its assets consist of the Lantinen Koillismaa and Kostonjarvi PGE-Cu-Ni projects, located in north-central Finland and the Tyko Ni-Cu-PGE and Disraeli PGE-Ni-Cu properties in Ontario, Canada. LK is targeting disseminated sulphide along 38 kilometers of favorable basal contact. The KS project is targeting massive sulphide within a 20,000-hectare land package covering a regional scale gravity and magnetic geophysical anomaly. Tyko is a 13,000-hectare project targeting disseminated and massive sulphide in a highly metamorphosed Archean terrain. Disraeli is a 2,500-hectare project targeting PGE-rich disseminated and massive sulphide in a highly productive Proterozoic mid-continent rift.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Success at Tyko. Palladium One recently released the final results from its 2020 Tyko drill program which included massive magmatic sulphides grading up to 9.9% nickel equivalent, or 218 pounds per tonne, over 3.8 meters starting at less than 9 meters true depth, located at the Smoke Lake target. The intercept is within a broader interval that returned 6.1% nickel equivalent from 5.3 meters down hole. The drill program consisted of 14 holes totaling 1,123 meters, of which 13 were drilled into the Smoke Lake electromagnetic anomaly. A bore hole electromagnetic survey is currently underway which will further delineate the Smoke Lake massive sulphide body.
Bought deal. Sprott Capital LP will purchase $15,009,000 of Palladium One securities on its own behalf and/or on behalf of a syndicate of underwriters. The offering includes: 1) 43,100,000 units at a price of $0.29 per unit for proceeds of $12,499,000, 2) 1,500,000 units issued on a flow-through (FT) basis at a price of $0.34 per FT unit for proceeds of $510,000, and 3) 5,000,000 units issued on a ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.