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An update from Native Mineral Resources Holdings Ltd. ( (AU:NMR) ) is now available.
Native Mineral Resources Holdings Ltd. announced the issuance of 56,666,650 new ordinary shares at $0.04 each, raising $2.26 million as part of the first tranche of a $6.8 million investment by Wes Maas, CEO of Maas Group Holdings. This capital injection supports the company’s ongoing drilling program at the Blackjack deposit, although the results are not yet complete or available for investor assessment. The new shares rank equally with existing shares, and the company remains compliant with its reporting obligations.
More about Native Mineral Resources Holdings Ltd.
Native Mineral Resources Holdings Ltd. operates in the mining industry, focusing on mineral exploration and development. The company is currently engaged in a diamond drilling program at the Blackjack deposit within the Charters Towers Gold Project in North Queensland.
YTD Price Performance: 85.00%
Average Trading Volume: 1,529,952
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$49.93M
Find detailed analytics on NMR stock on TipRanks’ Stock Analysis page.