Tag: Palladium

Palladium One Mining (TSXV: PDM) (FSE: 7N11) (OTCQB: NKORF) (“Palladium One” or the “Company”) is pleased to announce that Glencore plc (“Glencore”), a large shareholder of the Company through its wholly-owned subsidiary, has elected to exercise its pro-rata equity participation rights and has subscribed for 7,439,071 common shares in the capital of the Company (the “Common Shares”). The Common Shares were issued at a price of $0.11 per Common Share for aggregate gross proceeds of $818,297.80 (the “Financing”). Following the Financing, Glencore holds approximately 9.99% of the Company’s equity on a partially diluted basis. Pursuant to the terms of the ... Read more

Palladium One Mining Inc. (TSXV: PDM) (FSE: 7N11) (OTCQB: NKORF) (“Palladium One” or “PDM”) and MetalCorp Limited (TSXV: MTC) (“MetalCorp” or “MTC”) are pleased to announce the successful completion of their previously-announced statutory plan of arrangement under the provisions of the Business Corporations Act (Ontario) (the “Arrangement”). Pursuant to the Arrangement, among other things, Palladium One acquired all of the issued and outstanding shares of MetalCorp. The Arrangement became effective at 12:01 a.m. (Toronto time) on May 2, 2023 (the “Effective Time”), resulting in MetalCorp becoming a wholly-owned subsidiary of Palladium One. Under the terms of the Arrangement, each former ... Read more

Palladium One Mining Inc. (TSXV: PDM) (OTCQB: NKORF) (FSE: 7N11) (the “Company” or “Palladium One”) is pleased to report that a high-resolution airborne magnetic survey has commenced at Tyko and that the Company has acquired an additional 4,520 hectares through staking contiguous with the Tyko Nickel – Copper Project, in Ontario, Canada (Figure 1). Figure 1. New Tyko property position map showing various mineralized zones, multi-line VTEM anomalies and interpreted feeder dyke / chonolith structures. Background is the 2021 survey magnetic survey Calculated Vertical Gradient (“CVG”). Greyed out zones are controlled by third parties. President and CEO, Derrick Weyrauch commented, ... Read more

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 ... Read more

Palladium One Mining Inc. (TSXV: PDM) (OTCQB: NKORF) (FSE: 7N11) (the “Company” or “Palladium One”) is pleased to announce a brokered private placement of up to 15,000,000 units of the Company issued 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 $3,000,000 (“Offering”). Each Charity FT Unit will consist of one common share of the Company to be issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) (each, a “Charity FT Share”) and one-half of ... Read more