(f) (g) (h) Litigation Axiom Nickel (SI) Limited (Axiom) has brought proceedings in the High Court of the Solomon Islands seeking a judicial review of decisions made by the Minister of Mines, Energy and Rural Electrification and the Attorney General in the Solomon Islands in relation to the historical decision not to grant a prospecting licence tenement to Axiom covering an area now covered by PL 01/18. The Company received preliminary legal advice from lawyers based in the Solomon Islands that the claims lacked merit and understands that the relevant government authorities in the Solomon Islands will defend the legal proceedings. The Company, via Sunshine Nickel, intends to make an application to dismiss the proceedings. There is a risk that the litigation may affect the title to the prospecting licence tenement comprising the Jejevo Nickel Project.
PNM Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
