Movers and SHAKERS
Palladium One Mining Inc. (NKORF)(PDM:CA)
Momentum Builds in 2021
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.
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Financing closed. Palladium One closed a $15 million financing that included: 1) 43.1 million units at a price of $0.29 per unit for proceeds of $12,499,000, 2) 1.5 million units issued on a flow-through (FT) basis at a price of $0.34 per unit for proceeds of $510,000, and 3) 5.0 million units issued on a charity flow-through basis at a price of $0.40 per unit for proceeds of $2,000,000. Proceeds will be used for exploration at the company's projects in Finland and Canada. Post-offering, basic and fully diluted shares outstanding are 233 million and 278 million, respectively.
Flagship LK Project update. In November 2020, the company began its 17,500-meter Phase II drilling program at its palladium-dominant Lantinen Koillismaa (LK) project in Finland. The company completed 7,500 meters though mid-February in the Greater Kaukua area, of which 7,000 meters focused on Kaukua South. We think the company will begin releasing assay results shortly. The drill has been moved to ...
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.