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The latest announcement is out from Native Mineral Resources Holdings Ltd. ( (AU:NMR) ).
Native Mineral Resources Holdings Ltd has secured a binding commitment for an initial A$3 million tranche under a Convertible Security Funding Agreement with Lind Global Fund III LP, giving the company access to up to A$10 million in funding, with further tranches subject to negotiation. The capital, to be used for general working capital, provides flexible financing to support NMR’s near-term objectives and growth phase, while preserving its ability to manage placement capacity under ASX listing rules, underscoring institutional confidence in the company’s strategy and its plan to leverage the Blackjack Mill across multiple regional gold assets.
More about Native Mineral Resources Holdings Ltd.
Native Mineral Resources Holdings Limited is an ASX-listed gold producer focused on leveraging its Blackjack Mill and associated assets in the Charters Towers region of Queensland, aiming to grow production and enhance shareholder value through operational expertise and regional scale.
Average Trading Volume: 2,286,070
Technical Sentiment Signal: Sell
Current Market Cap: A$64.22M
Find detailed analytics on NMR stock on TipRanks’ Stock Analysis page.