NickelX to Complete Western Australian Project Acquisition, to Change Name to Strata Minerals; Shares Up 4%

MT Newswires Live2024-09-17

NickelX (ASX:NKL) is set to finalize the acquisition of the Penny South gold project in Western Australia, following shareholder approval for the issue of consideration shares to the vendors, according to a Tuesday filing with the Australian Securities Exchange.

The company also completed the second tranche of its AU$2 million capital raising, comprising about AU$1.7 million via the placement of 85.5 million shares at AU$0.02 apiece, the filing said.

Additionally, shareholders approved the company name change to Strata Minerals, with the ASX ticker SMX, the filing added.

Shares rose 4% in midday trade Tuesday.

Price (AUD): $0.03, Change: $+0.00100, Percent Change: +4.00%

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