Nexus Minerals Secures $4.1M for Gold Project Growth

Nexus Minerals Ltd. (AU:NXM) has released an update.

Nexus Minerals Ltd. has successfully secured $4.1 million through a share placement at a 2.4% premium over its last closing price, reflecting strong investor support and demand exceeding the funds initially sought. The capital will accelerate exploration and development activities at the Wallbrook Gold Project, with the company now holding a robust net cash position of approximately $7.2 million. The raised funds will also support the Pinnacles Gold Project and other ventures in NSW and Victoria.

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