Victory Nickel has received approval from its board of directors for the development of the Minago sulphide nickel mine located on the Thomson Nickel Belt in central Manitoba, Canada.
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The firm has held talks with potential financing partners to fund the project, which is estimated to cost $75m.
The loan will be utilised to finance early site works including construction of the electrical supply and distribution system, dewatering of the property and detail engineering works.
