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Nickel Industries unveils massive funding and partnership deal

Shares in ASX-listed Nickel Industries were trading more than 13% higher on Friday after the company announces plans to raise A$943-million in a conditional share placement and a collaboration agreement over its Excelsior nickel cobalt (ENC) project.

Nickel Industries on Friday unveiled a conditional placement to PT United Tractors, through its subsidiary PT Danusa Tambang Nusantara (DTN), priced at A$1.10 a share, giving DTN a 19.99 interest in Nickel Industries. ....

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