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Nex Metals Explorations Ltd ( (AU:NME) ) just unveiled an update.
Arika Resources Limited has issued a significant number of fully paid ordinary shares to investors, relying on section 708A of the Corporations Act 2001 for this issuance. The company is in discussions with Nex Metals Explorations Limited to acquire full ownership of joint venture interests in the Yundamindra and Kookynie projects, as well as additional tenements. This potential acquisition, which is still under negotiation, could impact Arika’s market positioning by expanding its asset base, though it remains subject to regulatory and shareholder approvals.
More about Nex Metals Explorations Ltd
Average Trading Volume: 143,524
Technical Sentiment Signal: Sell
Current Market Cap: A$6.71M
See more insights into NME stock on TipRanks’ Stock Analysis page.