Narryer Metals Limited (AU:NYM) has released an update.
Horley Pty Ltd has significantly increased its stake in Narryer Metals Limited, growing its voting power from 6.46% to a substantial 17.0%. This change in interest, involving both on-market acquisitions and non-cash considerations related to Narryer Metals’ acquisition of a 70% interest in Highway Lithium Ltd, reflects a strategic positioning by Horley Pty Ltd in the expanding lithium market. The transaction details indicate a complex set of moves, including the awarding of shares as part of an exclusivity fee and further on-market purchases.
For further insights into AU:NYM stock, check out TipRanks’ Stock Analysis page.
