MCR) share price slid today despite new mine

The Mincor Resources NL (ASX: MCR) share price slipped lower today, despite the nickel miner announcing the opening of its Cassini Nickel Mine.

At the close of trade, the Mincor share price was down 1.54%, trading at 96 cents.

About Mincor’s newly opened mine

The Cassini Mine will form the bedrock of Mincor’s Kambalda nickel operations in Western Australia.

Mincor is clear about its aim: carving out a slice of the growing market for rare earth and transition metals due to the proliferation of electric vehicles (EVs) requiring the materials over the next decades to come.

Mincor – which also has large gold mining operations – aims to become a high-grade nickel sulphide producer and extract its first nickel concentrate in the…