Australia's Nordic Resources climbs on securing Finland gold project deal

Nordic Resources

19/10/2026 05:18

** Shares of Australia's Nordic Resources NNL.AX rise 9.4% to A$0.175, on track for their best day since August 7, if gains hold
** The nickel-copper miner enters an agreement with Finland's Timalfi Partners Ay to acquire the Jukulainen gold project in central Finland
** Company says initial consideration of deal is EUR15,000  ($16,843.50), with deferred consideration of EUR85,000 due within 15 months following final grant of a legally valid Jukulainen licence
** Adds company must complete a minimum of 200m of drilling at Jukulainen within 12 months of final licence grant
** YTD, stock down 10.3%, including session's moves 


($1 = 0.8906 euros)

 (Reporting by Subhalakshmi Dey in Bengaluru)
 ((Subhalakshmi.Dey@thomsonreuters.com;))