Neometals Ltd. revealed that its demerged Widgie Nickel would look to raise some AUD 24-million through an entitlement offer, as the company readies to list on the ASX. Neometals previously flagged the demerger of its Mt Edwards nickel project, in Western Australia, into the dedicated nickel exploration and development company Widgie Nickel. The company on July 20, 2021 said that it had now received in-principle approval from the ASX to allow Widgie Nickel to list. Neometals will shortly call a shareholder meeting to approve the demerger, along with a short form prospectus relating to the in-specie distribution of Widgie Nickel shares to eligible Neometals shareholders. If the demerger conditions are satisfied, Neometals will distribute 100% of the Widgie Nickel shares on issue to eligible Neometals shareholders via a capital reduction and in-specie distribution of those shares, pro rata to their shareholding in Neometals as at 26 August 2021.