Palladium One Mining is pleased to announce that it has entered into a subscription agreement for a C$4,252,050 non-brokered private placement financing with a wholly owned subsidiary of Glencore plc . Pursuant to the Private Placement, PDM will issue 28,347,000 common shares at C$0.15 per Common Share. Upon completion of the Private Placement, Glencore will own approximately 9.99% of the issued and outstanding Common [...]
Highlights New High-Grade discovery located 3.5 kilometers southwest of the Smoke Lake Zone Multiple near surface drill intercepts of high-grade nickel - copper mineralization Including: 6.9 meters grading 1.1% Ni, 0.3% Cu Including 1.9 meters grading 2.0% Ni, 0.4% Cu 5.3 meters grading 0.7% Ni, 0.8% Cu Including 1.5 meters grading 2.0% Ni, 2.8% Cu Ember Zone is located adjacent to a greater than six kilometer long [...]
Palladium One Mining and MetalCorp are pleased to announce a definitive agreement for a business combination to be completed under a plan of arrangement. Palladium One has agreed pursuant to the Arrangement Agreement to acquire all of the issued and outstanding shares of MetalCorp by way of a statutory plan of arrangement under the Business Corporations Act. Pursuant to the Transaction, MetalCorp shareholders will [...]
Highlights Smoke Lake infill drilling at depth returns high grades: 3.5% Ni and 1.2% Cu, and 0.8g/t Total Precious Metals over 3.4 meters in hole TK22-082 Including 5.0% Ni, 1.6% Cu, 1.2g/t TPM over 2.3 meters New mineralized Chonolith / Feeder Dyke structure discovered 3.5 kilometers northeast of the RJ Zone. Property wide Chonolith / Feeder Dyke geological model continues to be confirmed. Wide intercepts of Chonolith [...]
Highlights West Pickle mineralized strike length increased to over 600 meters, remains open to the east and west. New West Pickle Zone assay results include: 3.9% Ni, 2.5% Cu, 0.05% Co, 0.55 g/t Total Precious Metals over 2.0 meters of massive and semi-massive sulphides in hole TK-22-074 Including 8.1% Ni, 2.8% Cu, 0.11% Co, 1.05 g/t TPM over 0.9 meters Property Wide Feeder Dyke / Chonolith geological model Successful [...]
Highlights 213 claims representing 4,520 hectares have been acquired through staking. The Tyko nickel district now encompasses 29,094 hectares. The expanded property solidifies key prospective structures previously not controlled by the Company. The 2023 exploration field season has been commenced with a high-resolution Airborne Magnetic Survey spanning the entire east-west strike length of Tyko. Palladium One Mining Inc[...]
Palladium One Mining Inc. is pleased to announce that it has closed its previously announced private placement financing totaling $4.95 million The Offering consisted of: a brokered private placement with aggregate proceeds of $4,200,000 and a non-brokered private placement with aggregate proceeds of $750,000. Under the Brokered Offering, the Company issued 21,000,000 units at a price of $0.20 per FT Unit. Each FT Unit [...]
Palladium One Mining Inc. 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 at a price of $0.20 per Charity FT Unit for gross proceeds of up to $4,200,000. Each Charity FT Unit will consist of one common share of the Company and one-half of one common share purchase [...]
Palladium One Mining Inc. 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 at a price of $0.20 per Charity FT Unit for gross proceeds of up to $3,000,000. 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 and one-half of one common share [...]
Palladium One Mining Inc. is pleased to report the highest-grade drillhole intercept to date on the Tyko Property, from the West Pickle massive sulphide discovery in Ontario, Canada. The Tyko Property hosts nickel, copper and cobalt, each of which has been designated a Critical Mineral.Figure 1. Massive pentlandite-pyrrhotite-chalcopyrite sulphide intersection in hole TK-22-070 from 165.4 to 167.1 meters down hole. Wall [...]
Highlights Assay results: 0.97% Nickel Equivalent over 12.6 meters in massive and disseminated sulphide in hole LK-22-060 Including 3.94% Ni Eq over 2.4 meters Including 8.68% Ni Eq over 0.5 metres Massive to semi-massive pentlandite-chalcopyrite-pyrrhotite sulphide discovery at West Pickle Zone: 20 diamond drill holes completed to date, assay results for 9 reported Mineralization intersected over 500-meter strike length [...]