PNX Metals to Merge with Kin Mining, Expands Resources

PNX Metals Limited (AU:PNX) has released an update.

PNX Metals Limited is set to merge with Kin Mining, creating a diversified resource group with assets in gold, silver, base metals, and uranium across Australia. The merger is backed by a strong balance sheet with approximately A$86 million in cash and no debt, promising substantial growth potential for the company. Additionally, recent exploration activities have identified significant uranium and gold prospects, enhancing the company’s resource portfolio.

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