Leeuwin Metals (ASX:LM1) has successfully completed its IPO led by Discovery Capital Partners, raising $8M which will be used to fund exploration projects in Australia and Canada.
Glencore, one of the world's largest diversified natural resource companies, is a cornerstone investor with a 9.97% stake, and a technical committee has been established with Glencore to help with Canadian nickel projects.
Leeuwin Metals will primarily focus on the William Lake Nickel Sulphide project in Canada.
Its share price is $0.24.