Palladium One Mining Inc. (TSXV: PDM) has closed private placement financing totalling C$4.95 million to finance work on its Ontario projects.
The Offering consisted of: (i) a brokered private placement with aggregate proceeds of C$4,200,000 and (ii) a non-brokered private placement with aggregate proceeds of C$750,000.
“We are thrilled to complete this financing which positions the company for a very active start to 2023 at our Green Transportation copper-nickel-PGE properties,” CEO, Derrick Weyrauch, said.
“Although the global financing markets have been challenging, we increased our initial Brokered Offering from C$3.0 million to a successful C$4.2 million raise. We are thankful for our existing shareholders and welcome our new shareholders through this financing.”
The Brokered Offering was completed through a syndicate of agents led by Echelon Capital Markets with Sprott Capital Partners LP and Research Capital Corporation.
The gross proceeds from the Brokered Offering and Non-Brokered Offering are intended to be used to advance the company’s Ontario based, mineral exploration properties.
Palladium One Mining Inc. is focused on discovering environmentally and socially conscious metals for green transportation. A Canadian mineral exploration and development company, Palladium One is targeting district scale, platinum-group-element (PGE)-copper-nickel deposits in Canada and Finland. The Läntinen Koillismaa (LK) Project in north-central Finland, is a PGE-copper-nickel project that has existing NI43-101 Mineral Resources, while both the Tyko and Canalask high-grade nickel-copper projects are located in Ontario and the Yukon, Canada, respectively.
For further information please visit: https://palladiumoneinc.com/
