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Native Mineral Resources Holdings Ltd. ( (AU:NMR) ) has provided an announcement.
Native Mineral Resources Holdings Ltd. has secured $4 million through a Shortfall Placement, as part of a broader $15.9 million Entitlement Offer. This funding, combined with a $6.8 million investment from entrepreneur Wes Maas, will enable the company to progress its gold production plans at Charters Towers, with the first production expected in Q3 2025. This financial boost positions NMR to capitalize on the strong gold market, advancing its operational capabilities and enhancing shareholder value.
More about Native Mineral Resources Holdings Ltd.
Native Mineral Resources Holdings Limited is an Australian company operating in the mining industry, focusing on gold production. The company is advancing its projects at Far Fanning and Blackjack gold deposits in Charters Towers, Queensland.
YTD Price Performance: 2.50%
Average Trading Volume: 1,086,239
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$24.12M
Learn more about NMR stock on TipRanks’ Stock Analysis page.
