Quarterly Activities Report
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| Stock | Pacific Nickel Mines Ltd (PNM.ASX) |
|---|---|
| Release Time | 26 May 2026, 3:33 p.m. |
| Price Sensitive | Yes |
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Pacific Nickel Mines Ltd Quarterly Activities Report
Key Points
- Kolosori Nickel Project continues operations with Glencore's stockpile finance
- Company suspended from ASX quotation until compliance with listing rules
- Share Sale and Purchase Agreement with Green Rock Limited extended to 27 May 2026
- Ongoing review of business opportunities
- Glencore continues to provide financing
Full Summary
Pacific Nickel Mines Limited (ASX: PNM) provides an update on its activities for the September 2025 quarter. The Kolosori Nickel Project in the Solomon Islands continues to operate under its mining license, with Glencore providing stockpile finance. The company is currently suspended from quotation by the ASX until it meets listing rule compliance requirements. A significant transaction involves the sale of 100% interest in Pacific Nickel Mines (SI) Ltd to Green Rock Limited, subject to several conditions, including shareholder and regulatory approvals. The sale is for a nominal consideration of A$1.00 and includes a royalty agreement and a deed of release with Glencore. The company continues to review other business opportunities.
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