Palladium One Mining views $4.2 million investment as endorsement of its Hemlo-area exploration project
International miner Glencore is taking a significant equity stake in a promising nickel and copper project in northwestern Ontario.
The proceeds are mostly earmarked for exploration and development activities at Palladium One’s nickel projects. Palladium One’s main project in Northern Ontario is its Tyko Project, located 25 kilometres north of Barrick’s Hemlo gold mine complex and 65 kilometres northeast of Marathon. The company is drilling two zones of high-grade nickel, copper and platinum group metals, known as Smoke Lake and West Pickle, about 20 kilometres apart on property covering more than 24,000 hectares.
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