Nickel Creek Platinum Plans CA$0.7 Million Private Placement

04:18 PM EDT, 10/13/2026 (MT Newswires) -- Nickel Creek Platinum (NCP.V) on Tuesday afternoon announced a non-brokered private placement of up to CA$0.7 million. The offering includes up to 300,000 common shares at CA$1.35 per share and 166,666 flow-through shares at CA$1.50 per share, the company added. The company's largest shareholder, Electrum Strategic Opportunities Fund, intends to invest up to about CA$0.4 million, according to the statement. Nickel Creek said proceeds from the common share offering will fund its 2026 drill program, potential 2027 exploration activities, ongoing permitting and holding costs at its Nickel Shaw Project in the Yukon, as well as general corporate expenses and working capital. The private placement is set to close at an unstated date in October, subject to TSX Venture Exchange approval and customary closing conditions, the company added. Shares of Nickel Creek Platinum closed unchanged at CA$1.39 on the TSX Venture Exchange.