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Nimy Resources Limited ( (AU:NIM) ) has provided an update.
Nimy Resources is set to commence a new drilling program at its Block 3 gallium discovery in Western Australia next month, with the aim of expanding the high-grade gallium resource. This initiative is part of Nimy’s strategy to supply gallium to the US under a collaboration agreement with M2i Global. The drilling will focus on extending the mineralization and will include metallurgical tests to support a JORC resource estimate. The company’s efforts to expand its gallium supply chain reflect the increasing demand for non-Chinese sources of this critical mineral, positioning Nimy as a potential key supplier to the US.
More about Nimy Resources Limited
Nimy Resources Limited operates in the mining industry, focusing on the exploration and production of gallium. The company is strategically positioned to supply gallium, a critical mineral, primarily to the US market through a collaboration agreement with M2i Global, a specialist in the global supply chain of critical minerals.
YTD Price Performance: -1.54%
Average Trading Volume: 567,915
Technical Sentiment Consensus Rating: Buy
For detailed information about NIM stock, go to TipRanks’ Stock Analysis page.
