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Pacific Nickel Mines (ASX:PNM) has been granted an export permit for its 80% owned 9.2Mt Kolosori Nickel Project on Isabel Island in the Solomon Islands.
Pacific Nickel Mines says the permit will allow it to sell and export nickel ore from the project for three years.
It also says the granting of this permit is a major milestone and a significant step forward in terms of securing financing from Glencore International AG, which will provide a US$22M financing facility and take 100% of production over an initial four years.
Pacific Nickel Mines says its initiated discussions with barging and mining contractors and is expecting to ramp up to full production in 2023.