NorthX Nickel Corp. today announced that it has successfully closed its previously announced sale of all of the property, assets, rights and obligations related to its portfolio of nickel and base metal assets located in the Sudbury Basin to
Magna Mining Inc. . For additional information on the Transaction, see the Company's press release dated December 18, 2024. In addition, the Company announces that it has satisfied the escrow release conditions in respect of its non-brokered private placement of 26,000,000 Subscription Receipts at a price of $0.05 per Subscription Receipt for aggregate gross proceeds of $1,300,000 , which closed on February 10, 2025. Part of the proceeds from the Offering distributed to the Company were applied to fulfill specific cash payme...