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Nimy Resources Limited ( (AU:NIM) ) just unveiled an update.
Nimy Resources has launched a Scoping Study on Block 3 of its Mons Gallium-Rare Earths Project in Western Australia, aimed at evaluating mining, processing, metallurgical performance and preliminary economics for a commercial-grade gallium concentrate. Perth-based Strategic Metallurgy is leading the study, which will integrate ongoing metallurgical test work to determine optimal processing routes, recoveries and cost structures.
The work runs in parallel with U.S.-based testing under Nimy’s collaboration with NYSE-listed M2i Global, as the company positions itself as a future gallium supplier to the U.S. military and advanced technology users. This multi-stream program is intended to validate the potential of Block 3 as a large-scale, strategically significant gallium and rare earths development, potentially strengthening Nimy’s role in the critical minerals supply chain aligned with U.S. industrial policy.
The most recent analyst rating on (AU:NIM) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Nimy Resources Limited stock, see the AU:NIM Stock Forecast page.
More about Nimy Resources Limited
Nimy Resources Limited is an Australian exploration and development company focused on critical minerals at its Mons Project in Western Australia. The company is advancing the Mons Gallium-Rare Earths Project, targeting gallium and associated rare earth elements with an emerging strategic focus on supply into advanced technology and defence-related markets, particularly in the U.S.
Average Trading Volume: 755,580
Technical Sentiment Signal: Sell
Current Market Cap: A$21.91M
See more insights into NIM stock on TipRanks’ Stock Analysis page.