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Noronex Ltd. ( (AU:NRX) ) has shared an announcement.
Noronex Limited has announced the sale of its non-core Witvlei Project in Namibia to Joint Era Mining Co., Limited for A$4.5 million. This strategic divestment allows Noronex to streamline its operations and focus on its core projects in the Kalahari Copper Belt. The proceeds from the sale will be used to strengthen the company’s balance sheet and fund exploration at the Etango North Uranium Project, positioning Noronex for future growth and development opportunities.
More about Noronex Ltd.
Noronex Limited is a company operating in the mining industry, focusing on mineral exploration and development. It holds a significant portfolio in Namibia, including copper projects, and is involved in joint ventures to expand its exploration activities.
Average Trading Volume: 863,101
Technical Sentiment Signal: Buy
Current Market Cap: A$9.29M
See more insights into NRX stock on TipRanks’ Stock Analysis page.