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Last C$0.08 CAD
Change Today 0.00 / 0.00%
Volume 4.5K
NI On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Frankfurt
As of 3:59 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

victory nickel inc (NI) Snapshot

Open
C$0.08
Previous Close
C$0.08
Day High
C$0.08
Day Low
C$0.08
52 Week High
07/14/14 - C$0.80
52 Week Low
04/17/15 - C$0.07
Market Cap
4.3M
Average Volume 10 Days
85.8K
EPS TTM
C$0.0003
Shares Outstanding
57.6M
EX-Date
--
P/E TM
227.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for VICTORY NICKEL INC (NI)

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victory nickel inc (NI) Details

Victory Nickel Inc. primarily engages in the acquisition, exploration, and development of nickel properties and associated products in Canada. The company holds 100% interest in the Minago and Mel sulphide nickel properties located in the Thompson Nickel Belt in Manitoba; and Lac Rocher sulphide nickel property located in northwestern Quebec. It also holds an option to acquire a 100% interest in the Bear Coulee frac sand property located in Wisconsin, the United States. The company was incorporated in 2006 and is headquartered in Toronto, Canada.

41 Employees
Last Reported Date: 04/1/15
Founded in 2006

victory nickel inc (NI) Top Compensated Officers

Vice Chairman, Chief Executive Officer and Me...
Total Annual Compensation: C$203.0K
President and Chief Operating Officer
Total Annual Compensation: C$131.6K
Vice President of Environment & Sustainable D...
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

victory nickel inc (NI) Key Developments

Victory Nickel, Inc. Extends its Short-Term Loan Facility Until May 31, 2015

Victory Nickel, Inc. announced that the company's lenders have agreed to extend its short-term loan facility until May 31, 2015. The balance outstanding under the Facility is USD 1 million. In addition, the company is working with its lenders and other financiers to restructure the company's existing debt and provide additional financing to enable Victory Nickel to take advantage of opportunities that exist in the frac sand market.

Victory Nickel Inc. Temporarily Suspends Frac Sand Production and Lays Off Staff at 7P Plant Operations

Victory Nickel Inc. announced that frac sand sales during the first quarter of 2015 have been slower than anticipated. Sales decreased monthly from January to March and, as a result of current market conditions the Company has temporarily suspended production at its Seven Persons, Alberta frac sand plant (7P Plant). The 7P Plant was just entering its full production stage following the start-up period towards the end of 2014. Victory Nickel has laid off all but a core of its 7P Plant operations staff and is reducing corporate costs.

Corazon Mining Limited Completese Transaction with Victory Nickel Inc. to Acquire Victory Nickel-Copper Project at Lynn Lake Nickel-Copper Field

Corazon Mining Limited announced it has completed the transaction with Victory Nickel Inc. to acquire the Victory Nickel-Copper Project at the Lynn Lake Nickel-Copper Field, in the central Canadian province of Manitoba. In accordance with the agreement, Corazon has issued Victory 40 million Corazon shares to complete the deal. The transfers of mining titles to Corazon have been lodged with the Manitoba Government and are in progress. Corazon has acquired 100% equity in Victory's Lynn Lake Project. Other conditions to the agreement include: Victory to retain a 1.5% net smelter royalty on production from the Victory project area. Corazon has the right to purchase 1% of the 1.5% royalty for AUD 1 million. Corazon required to spend AUD 3.5 million on exploration and resource development within five years on execution of agreement. Should Corazon fail to meet this expenditure requirement: The difference between the expenditure requirement and actual expenditure must be paid to Victory in cash or shares or the project is returned to Victory. Within 30 days of the re-commencement of commercial ore processing at Lynn Lake, Corazon required to make a payment of AUD 1 million (cash and/or shares at Corazon's discretion) to Victory.

 

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