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New World Resources Limited ( (AU:NWC) ) has issued an announcement.
New World Resources Limited has entered into a binding unsecured loan facility agreement with Kinterra for a US$6.5 million loan. The funds will be used to advance the Antler Project in Arizona, covering state bonding requirements, securing land parcels, and providing general working capital, as well as transaction costs related to Kinterra’s takeover bid.
The most recent analyst rating on (AU:NWC) stock is a Buy with a A$0.07 price target. To see the full list of analyst forecasts on New World Resources Limited stock, see the AU:NWC Stock Forecast page.
More about New World Resources Limited
New World Resources Limited is an Australian company operating in the mining industry, focusing on the exploration and development of copper, gold, and zinc projects in the United States. Its key projects include the Antler Copper Project and Javelin VMS Project in Arizona, and the Tererro Copper-Gold-Zinc Project in New Mexico.
Average Trading Volume: 29,080,438
Technical Sentiment Signal: Buy
Current Market Cap: A$239.6M
For an in-depth examination of NWC stock, go to TipRanks’ Overview page.