Northwire Canada EditionThursday, October 15, 2026
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Financings Routine −

NICKEL CREEK PLATINUM ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Nickel Creek Platinum raised $0.7m at depressed prices, underscoring the Yukon explorer’s cash crunch.

By The Northwire Desk — AI Analysis Oct 13, 2026 · 13:44 NCP · 1.39 Nickel Creek Platinum Corp.
Executive Summary

Nickel Creek Platinum Corp. announced on October 13, 2026, a non-brokered private placement of up to $0.7 million. The offering comprises up to 300,000 common shares priced at $1.35 per share and up to 166,666 flow-through shares priced at $1.50 per share. Largest shareholder Electrum Strategic Opportunities Fund L.P. intends to invest up to approximately $0.4 million in the transaction.

The company stated that proceeds will primarily fund the 2026 drill program at the Nickel Shäw Project, as well as 2027 exploration, permitting, and general corporate expenses. Closing is expected in October 2026, subject to approval from the TSX Venture Exchange. This offering follows a previous $2.1 million placement announced in late 2025, of which $1.5 million was closed in November 2025.

Material Impact

Nickel Creek Platinum Corp. (NCP) raised $0.7 million in a capital injection, a routine move for the pre-revenue explorer which held a cash balance of approximately $1.35 million as of June 2026. The issuance price was set at $1.35 for common shares and $1.50 for flow-through shares, a level at the lower end of the recent trading range that indicates significant dilution at depressed valuations.

The transaction aligns with the company’s stated need to fund its 2026 drill program and mitigate going concern risks. However, no new strategic investors or market-moving developments were introduced. The reliance on a single related-party investor for over half of the capital highlights limited external market appetite.

NCP · Price
Company Overview

Nickel Creek Platinum Corp. is a pre-revenue junior explorer focused on the 100%-owned Nickel Shäw Project in southwestern Yukon, Canada. The project is a polymetallic nickel-copper-cobalt and platinum group metals (PGM) deposit. A pre-feasibility study was completed in 2023.

As of April 2023, the mineral resource contains approximately: - 2.5 billion lbs of nickel - 1.3 billion lbs of copper - 137 million lbs of cobalt - 7.0 million oz of PGMs and gold

The company has not generated revenue to date.

Read the original news release →

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