Junior Miner Trading Higher on Reorganization Plans

By: Dylan Sikes – AllPennyStocks.com News

Friday, October 18, 2024

This junior miner focuses on developing the high-grade Nisk project into Canada's first Carbon-Neutral Nickel mine. Shares are trading up on Friday following the execution of an agreement for a spin-out of one of its properties.

Power Nickel Inc. (TSXV: PNPN) (OTCBB: PNPNF) announced in a press release today that they have entered into an arrangement agreement for a strategic reorganization of its business pursuant to which their interest in the Golden Ivan property, along with certain Chilean exploration assets and liabilities, will be spun out to Power Nickel shareholders through Chilean Metals Inc., a wholly owned subsidiary of the company.

The spin-out will provide investors with an ownership stake in two separate specialized companies, Power Nickel and Spinco. Power Nickel will continue to focus on advancing the Nisk project, while Spinco will focus on advancing the Golden Ivan property and the Chilean assets. The move is being done to unlock value for Power Nickel shareholders.

Copyright © 2024 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Other Penny Stock Movers

Strategic Acquisition Sending Shares of Junior Miner Higher

U.S. Housing Starts Trend Down, Existing Sales Recover

Shares of Global Commodity Market Leader Moving Up in Heavy Trading

Large Crypto Miner Purchase By This Micro Cap Just As Bitcoin Nears 100k

Strategic Acquisition Sending Shares of Junior Miner Higher

Mentioning The Word “Crypto” Got This Micro Cap a 100% Share Price Gain

Equipment issue pauses sale of some espresso, hot chocolate at McDonald's Canada

Phillips 66 Is Accused of Violating the Clean Water Act

AllPennyStocks.com Favorites

These EV Stocks Are Dominating This Sector

Enable Free Access to Unlock Up to Two Articles Per Month.

Markets Fall as Post-Election Europhia Stalls

Enable Free Access to Unlock Up to Two Articles Per Month.

Trading on the Nasdaq, Canaan Inc. displayed a Golden Cross (50 DMA / 200 DMA) on Friday. Closing at $1.97, the stock has the technical “green light” for potential gains.

Friday's hottest penny Stock on the TSX-Venture was Azincourt Energy Corp., which gained 50.00%, closing the day at $0.02.

Institute of Biomedical Research Corp was an impressive gainer on the OTC Markets on Friday. Shares climbed 85.96%, settling at $0.0106.

Copper Mountain’s Legacy: Unlocking a $117 Million Investment in U.S. Uranium

Enable Free Access to Unlock Up to Two Articles Per Month.

Targeting Chronic Kidney Disease: A Breakout Stock You Can’t Miss

Enable Free Access to Unlock Up to Two Articles Per Month.

WANT TO UNLOCK ACCESS TO:

●Stock Picks

●Penny Stocks to Watch

●"By The Numbers" Data Analytics

●Market Commentary

●Watch Lists

And much more by becoming an AllPennyStocks.com Free Member.

Free Membership Has Its Perks!

By entering your email address, you agree to AllPennyStocks.com’s disclaimer and privacy policy.

Register via:

You understand that AllPennyStocks.com and its affiliates may use your address to send updates, ads and offers.

Go Back

Email Registration

By clicking on the "Start Viewing AllPennyStocks.com Pro Articles" button below, you are confirming that you understand and accept that the content we are showing you is not meant to be used as financial advice. This content is merely for educational purposes and shows our readers real-time examples of trading strategies based on technical and fundamental analysis principles, along with stock market commentary.

Investing in stocks is risky stuff, trust us on that one, and past performance may not be indicative of future performance.

We want everyone to enjoy this information for its educational value, and we remind everyone that we are not liable for losses or damages of any kind from trading based on our information. The only thing we will recommend is to consult with a financial advisor prior to making any trades.

With that said, if we're on the same page here and you agree to our disclaimer, click the button below and enjoy all of our AllPennyStocks.com Pro content.

© Copyright 2024 AllPennyStocks.com Media Inc. All rights reserved. Nasdaq Stocks: Information delayed 15 minutes. Non-Nasdaq Stocks: Information delayed 20 minutes.
Bid and Ask quotation information for NYSE and AMEX securities is only available on a real time basis. Data is provided by QuoteMedia.com.

Junior Miner Trading Higher on Reorganization Plans

Other Penny Stock Movers

Strategic Acquisition Sending Shares of Junior Miner Higher

U.S. Housing Starts Trend Down, Existing Sales Recover

Shares of Global Commodity Market Leader Moving Up in Heavy Trading

Most Popular

AllPennyStocks.com Favorites