Nickel Creek Platinum Raises CA$0.7 million Via Private Placement of Units

08:48 AM EDT, 10/29/2026 (MT Newswires) -- Nickel Creek Platinum (NCP.V) closed its private placement raising CA$0.7 million, it said in a statement on Thursday. The offering consisted of the issuance of 300,000 common shares to Electrum Strategic Opportunities Fund at CA$1.35 apiece and 166,666 "flow-through" common shares (FT shares) at CA$1.50 per share. Proceeds from the sale of the common shares will be used to help fund its current 2026 exploration drill program, ongoing permitting activities and holding costs at its Nickel Shaw project located in the Yukon. It will also be used for general corporate expenses and working capital needs. Proceeds from the sale of the FT shares will be used to fund its current 2026 exploration drill program at the Nickel Shaw project as well as any potential exploration activities in 2027, it said. Shares of the company closed down 6.7% to CA$1.12 on Wednesday on the TSX Venture Exchange.