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The latest announcement is out from Nimy Resources Limited ( (AU:NIM) ).
Nimy Resources Limited has responded to a price and volume query from the ASX concerning significant recent trading activity in its securities. The company stated it is unaware of any undisclosed information that could explain this trading but noted ongoing work on establishing a JORC Exploration Target at its gallium discovery in Block 3 East, part of the Mons Project in Western Australia. Discussions with potential industry partners for offtake rights are ongoing, amid heightened interest due to gallium’s inclusion on the US critical minerals list.
More about Nimy Resources Limited
Nimy Resources Limited is a company operating in the mining industry, with a focus on discovering and developing mineral resources. The company is particularly engaged in exploring high-grade gallium deposits, which are critical for semiconductor technologies.
YTD Price Performance: 47.69%
Average Trading Volume: 301,934
Technical Sentiment Consensus Rating: Sell
For an in-depth examination of NIM stock, go to TipRanks’ Stock Analysis page.
