Native Mineral Resources Announces Entitlement Offer to Boost Capital
Company Announcements

Native Mineral Resources Announces Entitlement Offer to Boost Capital

Native Mineral Resources Holdings Ltd. (AU:NMR) has released an update.

Native Mineral Resources Holdings Limited has launched a non-renounceable entitlement offer, allowing eligible shareholders to acquire additional shares at $0.04 each, aiming to raise up to $15.9 million. The funds will be used for debt repayment, exploration costs, and general working capital. This follows a successful placement that raised $3.46 million, potentially increasing the company’s total shares to over 883 million.

For further insights into AU:NMR stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App