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Fort St. James Nickel Corp. announces a non-brokered private placement of up to 2,000,000 units priced at $0.03 per unit, aiming to raise $60,000. Each unit consists of a common share and a full share purchase warrant valid for five years at $0.05 per share. Proceeds will be allocated for general working capital. Participation from insiders is possible, and a finder's fee may be issued to eligible finders. All securities will be subject to a four-month hold period from closing. The offering requires TSX-V approval.
Fort St. James Nickel Corp (TSXV:FTJ) announced the release of a video detailing its Kilometre 26 Nickel Project, which is 100% owned by the company. The project spans 5830.25 hectares in British Columbia and is situated 30 km from FPX Nickel Corp's Decar Project. Management highlighted the rising demand for nickel due to the Electric Vehicle market, positioning the company favorably for future growth. The project benefits from year-round accessibility for exploration activities.
Fort St. James Nickel Corp (OTC PINK: OARFF) announced plans for its 2021 work program on its 100% owned Nickel Project, located 30 KM from FPX Nickel Corp. Recent market changes have sparked renewed interest in nickel and the company's assets. Management emphasizes that their market cap does not reflect the value of their project compared to FPX Nickel Corp's significantly higher valuation. Prior drilling has confirmed nickel mineralization, and the new drilling program is set to proceed following necessary permits.
Fort St. James Nickel Corp has appointed Steve Mynott as President, effective immediately. His extensive 15-year background in mining and finance, along with a strong network of global investors, positions him to drive the company's strategic growth. CEO Barry Brown emphasizes that Mynott's experience will guide the company through its restructuring efforts. Mynott expressed enthusiasm about enhancing the company’s mineral projects amid the rising demand for nickel, indicating a positive outlook for future success.
Fort St. James Nickel Corp. has initiated a prospecting and geochemical sampling program at its Porcupine Property in central New Brunswick. Targeting areas east of previously discovered mineralization (2012), the program aims to explore for base metal and precious metal mineralization. Past results showed notable concentrations, including 5.48% zinc and 1.08% lead. The project is supported by a qualified person, David Martin, ensuring technical compliance. The area is known for its mineral-rich deposits, including historical sites nearby.
Fort St. James Nickel Corp. has successfully closed a non-brokered private placement, raising $270,400 from issuing 1,502,221 units at $0.18 each, alongside $100,000 from 400,000 flow-through units at $0.25. Non-flow-through units come with a share purchase warrant at $0.30 for one year. The funds will be allocated for working capital and exploration in New Brunswick. The company also paid $7,200 in cash commissions and issued 40,000 broker warrants.
Fort St. James Nickel Corp. has signed a Letter of Intent to acquire a 100% interest in the Nepisiguit Base Metal - Precious Metal Property located in northern New Brunswick. The property borders Trevali Mining Corp.'s Heath Steele Property and is geologically favorable for VMS deposits. The acquisition includes a 30-day exclusive period to receive core assay results and conduct due diligence. Additionally, the company announced a private placement to raise up to $520,000 to fund exploration activities and general working capital.
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