Palladium One Announces Increase in Brokered Private Placement Financing from C$3 million to C$4.2 million

Palladium One Mining Inc. (TSXV: PDM) (OTCQB: NKORF) (FSE: 7N11) (the “Company” or “Palladium One”) is pleased to announce that it has increased the previously announced brokered private placement from $3 million to $4.2 million.

The Company will issue up to 21,000,000 units on a charity flow-through basis (the “Charity FT Units”) at a price of $0.20 per Charity FT Unit (the “Charity FT Issue Price”) for gross proceeds of up to $4,200,000 (“Offering”). Each Charity FT Unit will consist of one common share of the Company (each, a “Charity FT Share”) and one-half of one common share purchase warrant of the Company (each whole common share purchase warrant, a “Charity FT Warrant”), and each Charity FT Share and Charity FT Warrant will be issued as a “flow-through share” within the meaning of the Income Tax Act (Canada). Each Charity FT Warrant will entitle the holder thereof to purchase one non flow-through Common Share (a “Warrant Share”) at an exercise price of $0.20 for a period of 36 months from the date of issuance thereof. The Charity FT Units will be offered for sale to purchasers in all the provinces and territories of Canada (other than Quebec) in reliance on the listed issuer financing exemption available in Part 5A.2 National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”) and will not be subject to any statutory hold periods.

The Offering will be led by Echelon Capital Markets (“Echelon”, the “Lead Agent”) and along with Sprott Capital Partners LP and Research Capital Corporation (collectively “Agents”). As compensation, the Agents will be entitled to a cash fee in an amount equal to 6% of the gross proceeds from the Offering. In addition, the Agents will receive non-transferable warrants (the “Broker Warrants”) exercisable at any time prior to the date that is 24 months from the Closing Date to acquire that number of units (each comprised of one common share and one-half of one warrant with an exercise price of $0.20 for a period of 36 months) which is equal to 6.0% of the number of Charity FT Units sold under the Offering at an exercise price equal to $0.14.

In addition, the Company’s non-brokered flow-through unit financing (“FT Units”) to be issued at unit price (“FT Unit Price”) remains unchanged.

There is an offering document related to the Offering that can be accessed under the Company’s profile at and on the Company’s website at Prospective investors should read this offering document before making an investment decision.

An amount equal to the gross proceeds from the issuance of the FT Units and Charity FT Units will be used to incur, on the Company’s Canadian mineral exploration properties, Canadian exploration expenses that will qualify as “flow-through mining expenditures”, as defined in subsection 127(9) of the Income Tax Act (Canada) and that will also qualify as “eligible Ontario exploration expenditures” within the meaning of subsection 103(4) of the Taxation Act, 2007 (Ontario) (collectively, the “Qualifying Expenditures”). The Qualifying Expenditures will be incurred on or before December 31, 2023 and will be renounced by the Corporation to the subscribers with an effective date no later than December 31, 2022 to the initial purchasers of the FT Units and Charity FT Units in an aggregate amount not less than the gross proceeds raised from the issue of the FT Units and Charity FT Units. In the event that the Corporation is unable to renounce the FT Issue Price and Charity FT Issue Price on or prior to December 31, 2022 for each FT Unit and Charity FT Unit purchased and/or if the Qualifying Expenditures are reduced by the Canada Revenue Agency, the Corporation will as sole recourse for such failure to renounce, indemnify each FT Unit and Charity FT Unit subscriber for the additional taxes payable by such subscriber to the extent permitted by the Income Tax Act (Canada) as a result of the Corporation’s failure to renounce the Qualifying Expenditures as agreed.

The Offering and the Non-Brokered Offering are expected to close on or about December 20, 2022, or such other date or dates as the Company and the Lead Underwriter may agree (the “Closing Date”) and are subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and the applicable securities regulatory authorities.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Palladium One

Palladium One Mining Inc. (TSXV: PDM) is focused on discovering environmentally and socially conscious Metals for Green Transportation. A Canadian mineral exploration and development company, Palladium One is targeting district scale, platinum-group-element (PGE)-copper-nickel deposits in Canada and Finland. The Lantinen Koillismaa (LK) Project in north-central Finland, is a PGE-copper-nickel project that has existing NI43-101 Mineral Resources, while both the Tyko and Canalask high-grade nickel-copper projects are located in Ontario and the Yukon, Canada, respectively. Follow Palladium One on LinkedIn, Twitter, and at


“Derrick Weyrauch”

President & CEO, Director

For further information contact:

Derrick Weyrauch, President & CEO



Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of Palladium One Mining Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company’s expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. These forward-looking statements include, but are not limited to, statements relating to the timing and completion of the Offering, the satisfaction and timing of the receipt of required stock exchange‎approvals and other conditions to closing of the Offering and the intended use of the proceeds of the Offering. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in palladium and other commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and tax consequences to Canadian and U.S. Shareholders. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.

Not for distribution to United States newswire services or for dissemination in the United States

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10 million additional jobs can be created in electronics and BPO sector in two years’ time: Shri Ashwani Vaishnaw

The Minister for Communications, Electronics & Information Technology and Railways, Shri Ashwini Vaishnaw has said that 10 million additional jobs can be created in the electronics and Business Processing (BPO) sector in the coming two years, given the strides the start-up sector is making in the country.

Shri Ashwini Vaishnaw inaugurating the National Level Start-up Initiative

While inaugurating the National Level Start-up Initiative organized by the Software Technology Park of India (STPI) and Electronics and Computer Software Export Promotion Council (ESC), here today, the Minister said that the electronics sector alone could create additional jobs between 2.5 – 3 million and the BPO sector could make available 8 million jobs in the coming two years, which will be a substantial addition to the existing level of employment.

Shri Ashwini Vaishnaw addressing the National Level Start-up Initiative

Shri Ashwini Vaishnaw referred to three megatrends that are unfolding in the country as envisioned by the Prime Minister, Shri Narendra Modi. Foremost among them is determination to emerge as the technology leader powered by the country’s talent pool, ingenuity, high level of computer literacy, and commitment to excel. “We have now an ecosystem that gives importance to merit and talent, that can power innovations and disruptions,” he said, adding that such a dispensation never existed before. There is a visible drive to proliferate frontier technologies in areas like telecom, electronics, railways, and other related areas to help India to emerge as a technology leader.

Shri Ashwini Vaishnaw addressing the National Level Start-up Initiative

Next in importance, the Minister said, is the manufacturing segment which is witnessing the mindboggling number of innovations, particularly in the mobile telephone system where India has become a major exporter now as against a net importer a few years ago. “It’s a marvellous achievement which we are trying to emulate in other segments including railways, chemicals, power and semiconductor” he said, adding that a lot of R&D efforts are currently underway to Fasttrack technological excellence in various segments.

Diversity is another trend that is discernible now, the Minister observed. This is achieved by digitally connecting tier 2 and 3 cities so that entrepreneurship can be nurtured from these cities to widen the bandwidth of the development. Of the 64 digital hubs that have been implemented, 54 are in small cities and towns, which will have a remarkable impact on the proliferation of start-ups in the country.

Releasing a report on Start-up Ecosystem Beyond Tier 1 cities

Earlier, welcoming the delegates, the Chairman, ESC, Shri Sandeep Narula explained the rationale of the ESC-STPI start-up initiative. 13+ State Conclaves were organized covering Andhra Pradesh, Karnataka, Punjab, U.P., Rajasthan, Tamil Nadu, Telangana, Gujarat, Haryana, West Bengal, Maharashtra, New Delhi, and Odisha. After scrutiny by the Knowledge Partner – Grant Thornton (GT), around 300 Start-ups were invited to join these State Conclaves against 700+ nominations received. Now, the Jury at the national level will select 40 start-ups after a rigorous process of filtering to participate at the US exposure meeting for building industry linkages, interface with venture capitalists, etc. to be held on 10-11 January 2023.

Shri Narula underscored the need for developing an Indian model of start-ups sensitive to the country’s needs, which should not give too much focus on valuation but on sustainability leading to inclusive growth.

Shri Arvind Kumar, Director General, STPI while explaining various schemes initiated by STPI, said that presently the start-up infrastructure in the country is considerably toned up. There are facilities for funding and mentoring start-ups. The government policies also have been start-up and MSME friendly. For instance, he said, the current government has done spectrum allocation and implementation in a record time, while earlier allocations took considerably longer time.

Ms Padmaja Ruparel, Founding Partner, of IAN Fund mentioned various avenues available for funding start-ups in the country, which never existed before.

Shri Vicky Bahl, Partner, Grant Thronton described the global start-up landscape and stressed the need for India to align with it to move in the value chain.



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Steel Authority of India Limited (SAIL) Posts Best Ever Production Performance of 18.733 Million Ton Hot Metal & 17.37 Million Ton Crude Steel During 2022 Fiscal

Steel Authority of India Limited (SAIL) held its 50th Annual General Meeting, today at Company’s headquarter in  New Delhi. Smt. Soma Mondal, Chairman, SAIL addressed the shareholders in the meeting, held through a virtual platform.

 In her address Smt. Mondal highlighted the achievements of the Company during fiscal 2021-22  underlined  the future action plan of the Company. SAIL has posted the best ever production performance by producing 18.733 million tonne (MT) of hot metal and 17.366 MT of crude Steel during FY’22.  For the first time the Company entered  into the elite club of Indian Companies having a turnover above rupees one  lakh crore. The turnover of Rs. 1.03 lakh crore during FY’22 saw substantial growth of more than 50% over the previous best of Rs.68452 crore achieved during FY’21. The increase in turnover coupled with improved operational performance helped the Company achieve its highest ever numbers in terms of profitability.

 Smt Mondal described the year  2022 as a milestone year for the country as India completed 75 glorious years of independence and  denoted it as an extraordinary milestone in the journey of modern India which assumes further significance in the light of India’s preparedness to gravitate forward into India 2.0. SAIL  is prepared to contribute to this growth story of India by capitalizing on the intrinsic strength and resources at disposal , the Chairman added.

    Smt Mondal highlighted  SAIL’s role as a conscientious ethical corporate and stated that the focus is on meeting the ESG goals. In times to come, SAIL would be making many more interventions to curtail carbon emission to meet global standards. With due emphasis on sustainability, the Company is continuously improving upon its processes, product basket, policies while building an ambitious roadmap for the future, the Chairman further stated.



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AT&T Awarded $119 Million/11-Year Task Order to Modernize Networking for U.S. Customs and Border Protection


What’s the news? AT&T* was awarded a task order to modernize the U.S. Customs and Border Protection’s (CBP) voice and data networks to help ensure reliable, high-speed wireline and wireless connectivity among CBP’s Federal Law Enforcement Agents nationwide.

The task order is valued at $119 million over 11 years if all options are exercised. It was awarded via the General Services Administration’s Enterprise Infrastructure Solutions contract.

Why is this important? U.S. Customs and Border Protection is one of the world’s largest law enforcement organizations with more than 60,000 employees. It is charged with keeping terrorists and their weapons out of the U.S. while facilitating lawful international travel and trade. On a typical day, CBP apprehends more than 1,000 individuals for suspected crimes; screens more than 1 million international travelers; prevents 404 dangerous pests from entering the U.S.; processes more than 74,000 truck, rail and sea containers; and seizes nearly 4 tons of illicit drugs.

CBP aims to enhance the nation’s security through innovation, intelligence, collaboration and trust. It requires reliable, highly secure voice and data communications among its agents to support its comprehensive approach to managing U.S. borders, customs operations, immigration, and agricultural protection. AT&T was selected to modernize CBP’s voice and data networks to support CBP’s mission objectives.

What is the scope of capabilities AT&T is providing CBP? This task order is an expansion of our work for CBP. The services we will provide to CBP under the new task order include virtual private networking services, cloud connectivity, National Security and Emergency Preparedness services, audio conferencing capabilities, and managed network and security services, among others. AT&T is expected to provide CBP with reliable, highly secure connectivity to support voice and data communications across the enterprise.

Under the agreement, CBP has the option to acquire additional capabilities from AT&T, such as Managed Trusted Internet Protocol Services, IP-based Voice, unified communications, and more.

What are people saying?

“This new task order allows us to deliver our advanced communications capabilities to support the important work CBP’s agents do, day in and day out, to protect our nation at all points of entry: from our borders to airports and seaports. It’s an honor to be able to serve those who serve us by ensuring they have speedy, reliable access to the data critical to support their mission, their agents, and all Americans.” – Stacy Schwartz, Vice President – FirstNet, AT&T Public Sector and FirstNet

Where can I find more information? Go here for more information about AT&T’s work in the public sector. For more information about U.S. Customs and Border Protection, go to

Coal Production Goes up by 32.57% to 67.59 Million Ton in June 2022

India’s coal production increased by 32.57% to 67.59 Million Ton (MT) from 50.98 MT during June, 2022 as compared to June 2021. As per the provisional statistics of the Ministry of Coal, during June this year,   Coal India Ltd (CIL), Singareni Collieries Company Ltd (SCCL) and captive mines / others registered a growth of 28.87%, 5.50% and 83.53% by producing 51.56 MT, 5.56 MT and 10.47 MT respectively. Of the top 37 coal mines as many as 22 mines produced more than 100% and production of another nine mines stood between 80 and 100%.

At the same time, coal despatch increased by 20.69% to 75.46 MT from 62.53 MT during June, 22 as compared to June 2021. During June 22, CIL and Captives/Others registered a growth of 15.20% and 88.23% by despatching 58.98 and 11.05 MT respectively. SCCL registered a negative growth of 0.46% during the month.

The Power utilities despatch has grown by 30.77% to 64.89 MT during June this year as compared to 49.62 MT in June 21 due to increase in power demand.

Coal based power generation has registered a growth of 26.58% in June 2022 as compared to June 2021. The overall power generation in June 2022 has been 17.73% higher than in June 2021. However, Coal based power generation in the month of June 2022 has been 95880 MU in comparison to 98609 MU in May 2022 and registered a negative growth of 2.77 %. Total power generation has also decreased in June 2022 to 138995 MU from 140059 MU in May 2022 and registered a negative growth of 0.76 %.



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