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Australia's Nordic Resources climbs on securing Finland gold project deal

By Reuters News04:18 (UTC), 19 October 2026 Updated

** Shares of Australia's Nordic Resources NNL.AX rise 9.4% to A$0.175, on track for their best day since August 7, if gains hold

** The nickel-copper miner enters an agreement with Finland's Timalfi Partners Ay to acquire the Jukulainen gold project in central Finland

** Company says initial consideration of deal is EUR15,000 ($16,843.50), with deferred consideration of EUR85,000 due within 15 months following final grant of a legally valid Jukulainen licence

** Adds company must complete a minimum of 200m of drilling at Jukulainen within 12 months of final licence grant

** YTD, stock down 10.3%, including session's moves

($1 = 0.8906 euros)

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