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The latest announcement is out from Native Mineral Resources Holdings Ltd. ( (AU:NMR) ).
Native Mineral Resources Holdings Limited has received the final $2.26 million installment from Wes Maas, completing his $6.8 million investment as part of the company’s $15.8 million Entitlement Offer. This funding will support the restart of gold production at the company’s Charters Towers assets, with the first gold pour expected in Q3 2025. The investment marks a significant milestone for the company, enhancing its development activities at the Far Fanning and Blackjack gold deposits and the refurbishment of the Blackjack Processing Plant. Wes Maas now holds 19.25% of NMR’s issued shares, underscoring strong support for the company’s strategic direction and operational capabilities.
More about Native Mineral Resources Holdings Ltd.
Native Mineral Resources Holdings Limited is an Australian company operating in the mining industry, focusing on the exploration and development of gold assets. The company holds a portfolio of high-quality gold deposits near Charters Towers, Queensland, including the Far Fanning and Blackjack deposits, and owns the Blackjack Gold Processing Plant.
YTD Price Performance: 237.50%
Average Trading Volume: 2,013,448
Technical Sentiment Signal: Sell
Current Market Cap: A$111.6M
For a thorough assessment of NMR stock, go to TipRanks’ Stock Analysis page.