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The latest update is out from Native Mineral Resources Holdings Ltd. ( (AU:NMR) ).
Native Mineral Resources Holdings Ltd has issued 35 million ordinary shares following the conversion of A$1.2 million convertible notes and the exercise of options, alongside 75 million convertible securities. The issuance supports the company’s ongoing projects, including a drilling program at the Charters Towers Gold Project. The company has also issued options to its Managing Director, contingent on achieving specific operational milestones, such as re-commissioning the Blackjack Processing Plant and achieving a gold sales revenue target.
More about Native Mineral Resources Holdings Ltd.
Native Mineral Resources Holdings Limited operates in the mining industry, focusing on mineral exploration and development. The company is engaged in projects such as the Charters Towers Gold Project in North Queensland, aiming to enhance its gold production capabilities.
Average Trading Volume: 2,122,748
Technical Sentiment Signal: Buy
Current Market Cap: A$150.2M
For an in-depth examination of NMR stock, go to TipRanks’ Stock Analysis page.