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NICO Resources Limited (ASX:NC1)

ALERT: Price-sensitive ASX Announcement for NC1
Current share price for NC1 : $0.120 -0.21 (-63.64%)+
Announcement
Release
20 Jan 2026 10:15AM
Price at Release
$0.330
Full Release
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Summary
Nico Resources Limited, an Australian company focused on the development of the Wingellina nickel cobalt project, announced a successful capital raising through a heavily oversubscribed share placement. The placement raised $3.73 million with the issuance of 12.4 million fully paid ordinary shares at $0.30 per share, managed by Alpine Capital Pty Ltd. The proceeds are intended to advance exploration and development at the Wingellina Project, including an infill drilling program, and to meet working capital requirements. The placement shares were issued at a 9.1% discount to the most recent closing price and a 7.5% premium to the 5-day VWAP. Settlement is expected around January 27, 2026, with new shares ranking equally with existing ones. The announcement underscores strong institutional support for the Wingellina Project, recognized as a significant undeveloped nickel project outside Indonesia.
Key Points
  • Nico Resources Limited raised $3.73 million through a share placement.
  • 12.4 million shares were issued at $0.30 each.
  • The placement was at a 9.1% discount to the last closing price.
  • Proceeds will support the Wingellina Project and working capital.
  • Alpine Capital Pty Ltd managed the placement.
  • Settlement expected on or around January 27, 2026.
  • Wingellina Project recognized for its significant potential in nickel and cobalt.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.