TSX-V-listed junior Palladium One on Monday announced that it would undertake a private placement offering to raise up to C$3.2-million for exploration activities on its palladium-dominant LK project in central Finland and its Tyko sulphide nickel project in Ontario.
The announcement comes as palladium reached a record price of $1 808/oz on Monday, owing to persistent supply deficits and as a direct consequence of higher demand from stricter auto emission standards and the migration away from diesel-powered vehicles.