11:21 AM EST, 02/18/2025 (MT Newswires) -- Power Nickel ( PNPNF ) said Tuesday that it upsized its private placement offering of shares by up to $10 million due to what the company said is significant demand, bringing the aggregate total proceeds of the financing to up to $50 million.

The offering consists of $40 million of Quebec flow-through shares at $2.38 each, and up to $10 million of non-flow through shares at $1.45 each.

The offering is expected to close by Feb. 27.

The company's shares were last seen up $0.10, to $1.68, on the TSX Venture Exchange.

Price: 1.67, Change: +0.09, Percent Change: +5.70