Thursday, 4 February 2010

Pure Nickel 2009 Highlights

Pure Nickel
Basic Shares: 67.8 million
Fully Diluted: 75.5

2009 is behind us and for many companies across the globe it won't be fondly remembered.

Pure Nickel however, was in a strong financial position entering the economic melt down and had some key partnerships working to advance its projects in such a tough year.

The company ran lean and reduced its losses in 2009 to $1.41 million from 2008's $2.43 million. Pure Nickel is also one of the few junior exploration companies that is cashed up and is entering 2010 with approximately $5.5 million in the bank.

Exploration advanced on several of the companies properties including MAN Alaska with help from its Japanese partner ITOCHU funding the 4,200 metre drill program. Review of the results is still ongoing and Pure Nickel is currently in discussions with ITOCHU regarding plans for the 2010 exploration program.

Pure Nickel has engaged other key joint venture partners allowing the company to keep a strong cash position. Manicouagan Minerals earned in 50% on NIC's HPM/Forgues property in 2009 expending the required amount exploring the property.

See full news release here.......