Nordic Nickel Secures AU$2.05 million for Finnish Nickel Project Growth

Nordic Nickel Limited (ASX: NNL), an ASX-listed company, successfully raised AU$2.05 million through a placement at A$0.14 per share, demonstrating strong support from existing shareholders and new investors. The funds aim to advance Nordic's critical minerals projects in Finland, specifically its Pulju Project, with a focus on becoming a major European supplier of sustainably sourced, traceable, class-1 nickel sulphides.

The flagship Pulju Project has shown promise with a maiden 133.6Mt JORC Mineral Resource Estimate containing 278,520t Ni and 12,560t Co. Nordic Nickel plans to allocate the majority of the raised funds to exploration and diamond drilling at the Hotinvaara prospect within the Pulju Project, targeting high-grade massive sulphide zones and expanding the existing Mineral Resource Estimate. Additionally, metallurgical test-work studies for Hotinvaara will provide insights into ore characteristics. The company aims to leverage the funds to review geological data across its entire 240km² land package at Pulju, prioritizing exploration opportunities beyond current drill areas.

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