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Nickel Industries announces $471 million raise

Kitco Media
By Kitco News
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Nickel Industries announced today $471 million capital raise.

Funds will be used for increase the company’s exposure to nickel matte production; provide de-risked exposure to next-generation HPAL operations; and collaborate with Shanghai Decent on the potential development of the DAWN HPAL+ Project.

Nickel Industries holds 80% economic interests in the Hengjaya Nickel and Ranger Nickel projects, both of which operate two-line Rotary Kiln Electric Furnace plants producing nickel pig iron in Indonesia.

Last year Nickel Industries said it was transitioning from an explorer and miner of nickel ore to a "globally significant downstream processor of nickel metal."

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