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An announcement from GME Resources Limited ( (AU:AXN) ) is now available.
Alliance Nickel Limited has appointed leading financial advisors to explore a potential SPAC transaction for a Nasdaq listing. This move aims to capitalize on the strong demand in the US capital markets for critical minerals projects, potentially enhancing the valuation of its NiWest Nickel-Cobalt Project. The project has demonstrated robust economics with a definitive feasibility study, positioning it well for development and supply chain contribution. The company has a binding offtake agreement with Stellantis, which will purchase a significant portion of its production, further solidifying its market position.
More about GME Resources Limited
Alliance Nickel Limited operates in the critical minerals industry, focusing on the supply of nickel and cobalt in high-purity chemical form. These metals are essential for the North American electric vehicle battery market and are used in super alloys for turbines and permanent magnets. The company has secured a strategic partnership with Stellantis N.V. and holds a Major Project Status granted by the Australian Government.
Average Trading Volume: 211,522
Current Market Cap: A$37.66M
See more data about AXN stock on TipRanks’ Stock Analysis page.