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Nimy Resources Limited
(Sydney:NIM)
Nimy Resources Limited (NIM) vs. S&P 500 (SPY)
Nimy Resources Limited Business Overview & Revenue Model
Nimy Resources Limited Financial Statement Overview
| Breakdown | |||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|
| Income Statement | Total Revenue | ||
| 1.47M | 0.00 | 2.07K | 90.52K | Gross Profit |
| 1.47M | 0.00 | 2.07K | 90.52K | EBIT |
| -3.01M | -6.14M | -5.87M | -677.97K | EBITDA |
| -3.01M | -6.07M | -5.63M | -670.92K | Net Income Common Stockholders |
| -2.43M | -6.14M | -5.88M | -677.97K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||
| 547.54K | 620.92K | 2.88M | 6.54M | Total Assets |
| 1.01M | 1.08M | 3.35M | 6.56M | Total Debt |
| 13.34K | 26.95K | 0.00 | ― | Net Debt |
| -510.73K | -593.98K | -2.88M | ― | Total Liabilities |
| 862.35K | 335.56K | 509.92K | 56.64K | Stockholders Equity |
| 145.22K | 748.37K | 2.84M | 6.50M |
| Cash Flow | Free Cash Flow | ||
| -2.30M | -5.37M | -3.91M | -675.81K | Operating Cash Flow |
| -2.27M | -5.34M | -3.62M | -625.18K | Investing Cash Flow |
| -31.68K | -23.83K | -291.42K | -50.63K | Financing Cash Flow |
| 2.20M | 3.11M | 5.82M | 1.43M |
Nimy Resources Limited Technical Analysis
Nimy Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
58 Neutral | $3.03B | 1,418.92 | -36.53% | 7.41% | -28.50% | -532.61% | |
49 Neutral | $1.95B | -1.21 | -21.28% | 3.72% | 1.18% | -30.47% | |
49 Neutral | AU$87.32M | ― | -15.37% | ― | ― | -34.41% | |
47 Neutral | AU$429.87M | ― | -16.63% | ― | ― | 57.93% | |
41 Neutral | ― | ― | ― | ― |
Nimy Resources Limited Corporate Events
Nimy Resources has announced promising results from a mineralogy assessment at its Block 3 gallium discovery in Western Australia. The study, conducted by CSIRO, confirmed high-grade gallium mineralization in chloritised schist, paving the way for the first metallurgical tests at Curtin University. These tests will be crucial for developing a maiden JORC Resource and are part of a broader strategy to advance the Block 3 project amidst growing global demand for gallium. The company is also in discussions with strategic partners to support the project’s development, highlighting its potential impact on Nimy’s operations and positioning in the critical minerals market.
Nimy Resources Limited has announced significant progress in its Western Australia gallium discovery, particularly at Block 3 East, where high-grade gallium exploration targets have been identified. The company has entered into a Memorandum of Understanding with Curtin University for gallium research and signed a collaboration agreement with M2i to support the US Government’s Defense Industrial Base. With ongoing studies and planned drilling, Nimy aims to establish a maiden JORC Resource in 2025, enhancing its strategic positioning in the gallium market. Additionally, the company has completed a capital raise of $1.15 million and continues to conduct surface geochemical sampling across new and existing copper targets.
Nimy Resources Limited has announced a change in the director’s interest, specifically regarding Neil Fredrick Warburton’s indirect interests in securities. The change involves the acquisition of 175,000 fully paid ordinary shares and the transfer of 3,000,000 short-term and long-term performance rights from one indirect interest to another, with no change to the underlying holdings. This notice is part of the company’s compliance with ASX listing rules and provides transparency about the director’s interests, potentially impacting stakeholders’ perceptions of the company’s governance practices.
Nimy Resources Limited addressed a price and volume query from the ASX, stating they are unaware of any undisclosed information that could explain recent trading activity. The company highlighted its recent announcement of securing Raglan Drilling for a Phase 2 drilling program at its gallium discovery, which aligns with its strategy to advance a collaboration with M2i Global. The media has also focused on the significance of gallium in current geopolitical contexts, emphasizing its use in advanced technologies. Despite recent media attention, Nimy confirmed that no new information was released in their latest presentations.
Nimy Resources has secured a drilling contractor to commence Phase 2 drilling at its gallium discovery in Western Australia, aiming to establish a maiden resource. This initiative is part of Nimy’s strategy to capitalize on the Western demand for gallium, exacerbated by China’s export restrictions. The drilling program is expected to expand the known mineralization and support Nimy’s collaboration with US-based M2i Global to ensure a sustainable gallium supply for the US government and defense sectors. The growing demand for gallium, driven by its applications in semiconductors and military technologies, positions Nimy as a potential key supplier amid increasing European military expenditure and a projected rise in gallium prices.
Nimy Resources Limited has signed a non-binding Memorandum of Understanding with Curtin University to advance research and development in gallium, a critical mineral with applications in semiconductors and renewable energy. This partnership aims to strengthen Australia’s position in the critical minerals sector and aligns with U.S. defense and technology priorities. The collaboration is expected to accelerate commercial-scale gallium production and enhance Nimy’s role in the global market, leveraging Curtin’s expertise and Nimy’s high-grade gallium discoveries.
Nimy Resources Limited has released its financial report for the half-year ending December 31, 2024. The company, listed on the Australian Securities Exchange under the code NIM, is based in Perth, WA. This release provides insights into the company’s financial performance and operational updates, which may influence its market positioning and stakeholder interests.
Nimy Resources Limited has released an update on its exploration activities at the Mons Project, located in a new greenstone belt in Western Australia. This development is significant for the company’s operations as it could enhance its industry positioning by potentially uncovering valuable mineral resources, which may have implications for stakeholders and the broader market.
Nimy Resources Limited has announced a change in the director’s interest, with Neil Fredrick Warburton acquiring additional securities through Warburton Superfund Pty Ltd. The acquisition includes 1,000,000 fully paid ordinary shares and 6,000,000 incentive performance rights, which were approved by shareholders at a recent general meeting. This change reflects a significant increase in Warburton’s stake in the company, potentially impacting the company’s governance and strategic direction.
Nimy Resources Limited announced the completion of issuing 1,000,000 fully paid ordinary shares following shareholder approval and an additional 20,909,090 shares through a placement. This move is part of the company’s strategy to utilize its existing share placement capacities, potentially enhancing its financial position and operational capabilities. The company confirms compliance with relevant provisions of the Corporations Act and assures that no critical information has been withheld from investors, ensuring transparency and informed decision-making for stakeholders.
Nimy Resources Limited announced the issuance of 1,000,000 ordinary fully paid shares, which were approved by shareholders at a recent general meeting. This move is part of the company’s strategic efforts to enhance its market presence and operational capabilities, potentially impacting its industry positioning and offering new opportunities for stakeholders.
Nimy Resources Limited announced the issuance of 5,000,000 unlisted options with an exercise price of $0.10 each, set to expire on June 30, 2028. This move is part of a previously announced transaction and is not intended to be quoted on the ASX, potentially impacting the company’s financial strategy and stakeholder interests by providing additional capital-raising mechanisms.
Nimy Resources Limited has announced the issuance of 1,000,000 unlisted options, each exercisable at $0.10 and expiring on March 7, 2028. This move is part of the company’s strategic financial maneuvers, potentially impacting its market positioning by providing additional capital resources and flexibility for future operations.
Nimy Resources Limited announced the issuance of 6,000,000 unquoted equity securities as part of their employee incentive scheme, with performance rights expiring on March 7, 2030. This move is likely to enhance employee engagement and align their interests with the company’s long-term goals, potentially impacting the company’s operational efficiency and market positioning.
Nimy Resources Limited held a General Meeting on 28 February 2025, where several resolutions were passed, including the ratification of shares issued to Raglan Drilling Pty Ltd and placement participants, approval of options for a lead manager, and granting performance rights to directors. These decisions reflect the company’s strategic moves to strengthen its capital structure and align management incentives, potentially impacting its operational capabilities and shareholder value.
Nimy Resources Limited has announced the withdrawal of Resolution 5 from its upcoming General Meeting agenda, which involved the issuance of performance rights to a director. This decision will not impact the validity of proxy forms or votes already submitted, and all other business items will proceed as planned at the meeting.
Nimy Resources Limited has successfully raised $1.150 million through a share placement to fund a drilling program at its gallium discovery site in Western Australia. The funds will support the establishment of a maiden JORC Resource at Block 3, which is integral to Nimy’s strategy to supply gallium to the US under a collaboration agreement with M2i Global. This initiative aligns with the US’s efforts to diversify its sources of critical minerals away from China, presenting a significant opportunity for Nimy. The share placement involves issuing new shares at a discount, with options attached, subject to shareholder approval.
Nimy Resources Limited has requested a trading halt on its securities pending an announcement regarding a significant capital raise. This move is expected to impact its market operations as it aims to secure additional funding, potentially influencing its strategic initiatives and stakeholder interests.
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.