NickelX Acquires Penny South Gold Project; Shares Surge 25%

MT Newswires Live2024-08-30

NickelX (ASX:NKL) entered a binding tenement sale agreement to wholly acquire the Penny South gold project in Western Australia, according to an Australian Securities Exchange filing on Friday.

NickelX will pay AU$60,000 in cash and issue 3 million shares at AU$0.02 each for the acquisition. An additional AU$500,000 will be paid for every 50,000 ounces of gold discovered with a grade of at least 1 gram per tonne within five years.

The acquisition and share issuance are subject to shareholder and third-party approvals, the filing said.

Shares of the company rose 25% in recent trading.

Price (AUD): $0.03, Change: $+0.0050, Percent Change: +25.00%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2463229307?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-08-30 11:04","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2463229307","market":"us","top_or_hot":-1,"title":"NickelX Acquires Penny South Gold Project; Shares Surge 25%","media":"MT Newswires Live","content":"<html><body><p> NickelX (ASX:NKL) entered a binding tenement sale agreement to wholly acquire the Penny South gold project in Western Australia, according to an Australian Securities Exchange filing on Friday.</p><p>NickelX will pay AU$60,000 in cash and issue 3 million shares at AU$0.02 each for the acquisition. An additional AU$500,000 will be paid for every 50,000 ounces of gold discovered with a grade of at least 1 gram per tonne within five years.</p><p>The acquisition and share issuance are subject to shareholder and third-party approvals, the filing said.</p><p>Shares of the company rose 25% in recent trading.</p><p>Price (AUD): $0.03, Change: $+0.0050, Percent Change: +25.00%</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NickelX Acquires Penny South Gold Project; Shares Surge 25%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNickelX Acquires Penny South Gold Project; Shares Surge 25%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2024-08-30 11:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> NickelX (ASX:NKL) entered a binding tenement sale agreement to wholly acquire the Penny South gold project in Western Australia, according to an Australian Securities Exchange filing on Friday.</p><p>NickelX will pay AU$60,000 in cash and issue 3 million shares at AU$0.02 each for the acquisition. An additional AU$500,000 will be paid for every 50,000 ounces of gold discovered with a grade of at least 1 gram per tonne within five years.</p><p>The acquisition and share issuance are subject to shareholder and third-party approvals, the filing said.</p><p>Shares of the company rose 25% in recent trading.</p><p>Price (AUD): $0.03, Change: $+0.0050, Percent Change: +25.00%</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XAO.AU","symbol_name":"标普/澳交所 普通股指数","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2463229307","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2463229307","pubTimestamp":1724987063,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"NickelX  entered a binding tenement sale agreement to wholly acquire the Penny South gold project in Western Australia, according to an Australian Securities Exchange filing on Friday.NickelX will pay AU$60,000 in cash and issue 3 million shares at AU$0.02 each for the acquisition. An additional AU$500,000 will be paid for every 50,000 ounces of gold discovered with a grade of at least 1 gram per tonne within five years.The acquisition and share issuance are subject to shareholder and third-party approvals, the filing said.Shares of the company rose 25% in recent trading.Price : $0.03, Change: $+0.0050, Percent Change: +25.00%","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"XAO.AU":"标普/澳交所 普通股指数","BK4125":"广播","BK7095":"多种金属与采矿","XJO.AU":"标普/澳交所 200指数","XKO.AU":"标普/澳交所 300指数"},"translate_title":"NickelX收购Penny South黄金项目；股价飙升25%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XJO.AU":0.86,"XAO.AU":0.86,"XKO.AU":0.86,"AUD":1,"NKL.AU":0.9},"content_text":"NickelX (ASX:NKL) entered a binding tenement sale agreement to wholly acquire the Penny South gold project in Western Australia, according to an Australian Securities Exchange filing on Friday.NickelX will pay AU$60,000 in cash and issue 3 million shares at AU$0.02 each for the acquisition. An additional AU$500,000 will be paid for every 50,000 ounces of gold discovered with a grade of at least 1 gram per tonne within five years.The acquisition and share issuance are subject to shareholder and third-party approvals, the filing said.Shares of the company rose 25% in recent trading.Price (AUD): $0.03, Change: $+0.0050, Percent Change: +25.00%","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.13","shortVersion":"4.35.13","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2463229307","isCrawlerRequest":true}