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Nimy Resources Limited ( (AU:NIM) ) has issued an update.
Nimy Resources Limited announced a Share Purchase Plan to raise up to $2.5 million by offering shares to eligible shareholders in Australia and New Zealand at a discounted price. The funds raised will be used to accelerate copper exploration and complete a JORC 2012 Compliant resource at their gallium project, enhancing the company’s operational flexibility and market positioning.
More about Nimy Resources Limited
Nimy Resources Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in copper exploration and has projects such as Sneaky Squirrel and Masson, as well as a gallium project at Block 3.
Average Trading Volume: 788,318
Technical Sentiment Signal: Sell
See more insights into NIM stock on TipRanks’ Stock Analysis page.