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Nimy Resources Limited ( (AU:NIM) ) just unveiled an update.
Nimy Resources Limited has successfully completed a $1.72 million share placement to fund its exploration activities, particularly in copper and gallium. The funds will be used to advance projects like the Sneaky Squirrel and Masson, and to establish a JORC 2012 Compliant gallium resource at Block 3. The placement was oversubscribed, indicating strong investor interest, and the company is also in discussions with US and European partners for gallium offtake. The share placement includes new shares and options, issued at a discount, and facilitated by Charles Street Capital Pty Ltd and GBA Capital Pty Ltd.
More about Nimy Resources Limited
Nimy Resources Limited is a company operating in the mining industry, focusing on the exploration and development of copper, gallium, nickel, and other precious metals. The company is actively engaged in projects such as the Mons Project and is working towards establishing a compliant gallium resource.
Average Trading Volume: 920,332
Technical Sentiment Signal: Sell
For detailed information about NIM stock, go to TipRanks’ Stock Analysis page.