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Norfolk Metals Ltd. ( (AU:NFL) ) has issued an announcement.
Norfolk Metals Limited has entered into a binding earn-in agreement to acquire a 70% stake in the Carmen Copper Project in Chile, with an option to purchase the remaining 30%. The company has secured A$1 million in capital raising to support this transaction, subject to shareholder approval. The project, located in a region with significant copper mineralization, is expected to enhance Norfolk’s position in the copper mining sector. The company is advancing due diligence and exploration planning, with a focus on leveraging in-country expertise to drive project development.
More about Norfolk Metals Ltd.
Norfolk Metals Limited is a company involved in the mining industry, focusing on the exploration and development of mineral resources. Its primary projects include the Carmen Copper Project in Chile and the Orroroo Uranium Project in Australia. The company is actively working on expanding its copper exploration activities and delineating uranium targets for future exploration.
YTD Price Performance: 35.00%
Average Trading Volume: 173,382
Technical Sentiment Signal: Sell
For detailed information about NFL stock, go to TipRanks’ Stock Analysis page.