Exploration and development company FPX Nickel has closed the private placement financing with new cornerstone investor Sumitomo Metal Mining, raising C$14.45-million.
New Caledonian nickel producer Prony Resources is facing an “alarming” situation amid a slump in metal prices as it waits for the possibility France will offer monetary support for the territory’s nickel sector, a company spokesperson said.
In parallel with its ambitions to jumpstart the growth of a green-hydrogen centric economy, the Sultanate of Oman is also seeking to unlock the potential of its prodigious minerals sector