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Nimy Resources Limited ( (AU:NIM) ) has shared an update.
Nimy Resources Limited successfully raised $4.88 million through a Share Purchase Plan (SPP), exceeding its initial target of $2.5 million, due to strong investor interest in its Western Australia gallium and rare earths project. The funds will be used to further develop the company’s gallium, rare earths, and base metals assets, positioning Nimy to maximize exploration opportunities and enhance its resource base.
More about Nimy Resources Limited
Nimy Resources Limited is a company operating in the mining industry, focusing on gallium, rare earths, and base metals projects in Western Australia. The company is committed to advancing its exploration and development activities in these sectors.
Average Trading Volume: 1,051,466
Technical Sentiment Signal: Hold
Learn more about NIM stock on TipRanks’ Stock Analysis page.