Nordic Resources set for worst day in six months on discounted placement

Nordic Resources

22/10/2025 02:20

** Shares of Nordic Resources NNL.AX fall 15% to A$0.225, set for their worst session since April 14, if losses hold

** The nickel-copper miner says it will raise A$8.5 million ($5.52 million) at A$0.22 per share, representing a 17% discount to stock's last close on Tuesday

** YTD, stock up 161.9%

($1 = 1.5389 Australian dollars)

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))