Nostromo Energy Limited announced that it has received 15.5 million in a round of funding on November 11, 2021. The company issued common shares at an issue price of 10.80 per share for the gross proceeds of $9.1 million and issued warrants at an issue price of $15.10 per warrants for the gross proceeds of $6.4 million. The warrants are non-tradable 30-months' warrants.

The transaction included participation from Migdal Insurance and Financial Holdings Ltd. which invested $7 million for common shares and $5 million for warrants and Freepoint Commodities LLC which invested $2 million for common shares and $1.4 million for warrants.