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Native Mineral Resources Holdings Ltd. ( (AU:NMR) ) has issued an announcement.
Native Mineral Resources Holdings Ltd has issued 60,312,500 new ordinary shares at $0.16 each, raising $9.65 million before costs. This issuance is part of a placement announced earlier and falls within the company’s existing capacity under ASX Listing Rule 7.1. An additional 2,187,500 shares are set to be issued to related parties, pending shareholder approval. The company is actively engaged in drilling programs, although current assay information remains incomplete and not ready for release under ASX and JORC guidelines.
More about Native Mineral Resources Holdings Ltd.
Native Mineral Resources Holdings Ltd is a company operating in the mineral resources industry, focusing on the exploration and development of mineral deposits. The company is engaged in activities such as reverse circulation and infill drilling programs to support resource definition and mine planning.
Average Trading Volume: 2,130,846
Technical Sentiment Signal: Buy
Current Market Cap: A$160.7M
See more insights into NMR stock on TipRanks’ Stock Analysis page.