The latest update is out from Noronex Ltd. ( (AU:NRX) ).
Noronex Limited has raised $710,703 through the early exercise of options by directors and major shareholders, which will be used to advance its copper exploration programs in the Kalahari Copper Belt. This funding, along with an expected $750,000 from an earn-in agreement with South32, will enable Noronex to commence diamond drilling at the Fiesta Project in Namibia and accelerate exploration activities on its 100%-owned projects, including soil geochemistry in Botswana and uranium prospecting in Namibia. The option exercise enhances Noronex’s financial flexibility and supports its strategic focus on expanding its mineral resource base.
More about Noronex Ltd.
Noronex Limited is a company operating in the mining industry, primarily focused on copper and uranium exploration projects. The company has a significant presence in the Kalahari Copper Belt in Namibia and Botswana, and is involved in various exploration programs to expand its mineral resources.
YTD Price Performance: 72.73%
Average Trading Volume: 1,540,844
Technical Sentiment Signal: Sell
Current Market Cap: A$9.66M
Learn more about NRX stock on TipRanks’ Stock Analysis page.