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The latest announcement is out from Nimy Resources Limited ( (AU:NIM) ).
Nimy Resources Limited has successfully completed a $2.75 million share placement to fund the exploration of its Block 3 gallium discovery in Western Australia. The funds will accelerate drilling, resource definition, and metallurgical test work, as well as support discussions with potential off-take partners. The placement was met with strong demand from institutional and sophisticated investors, reflecting confidence in Nimy’s strategic positioning amid rising gallium prices due to China’s export restrictions. This development is expected to enhance Nimy’s role in supplying gallium to critical industries.
More about Nimy Resources Limited
Nimy Resources Limited is a company operating in the mining industry, primarily focused on the exploration and development of gallium resources. The company is strategically positioning itself to supply high-grade gallium to high-growth markets, including semiconductor manufacturing and defense applications, particularly in the US and EU.
Average Trading Volume: 1,053,388
Technical Sentiment Signal: Buy
For a thorough assessment of NIM stock, go to TipRanks’ Stock Analysis page.