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Nex Metals Secures Over $1 Million in Capital Raising to Fund Exploration and Growth
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Nex Metals Secures Over $1 Million in Capital Raising to Fund Exploration and Growth

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An update from Nex Metals Explorations Ltd ( (AU:NME) ) is now available.

Nex Metals Explorations Ltd announced an update on its capital raising efforts, where it successfully received $1,059,453 from sophisticated and professional investors after repricing the shares to $0.027 each. The funds raised will be used to explore development options for the Kookynie Tailings Project, manage joint venture expenditures, working capital, and potential acquisitions, thereby positioning the company for further growth and expansion.

More about Nex Metals Explorations Ltd

Nex Metals Explorations Ltd is a company involved in the exploration and development of mineral resources, with a focus on projects such as the Kookynie Tailings Project. The company engages in mining and exploration activities, aiming to develop its tenements and explore potential acquisition opportunities to enhance its asset portfolio.

YTD Price Performance: -7.89%

Average Trading Volume: 136,864

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$9.53M

Learn more about NME stock on TipRanks’ Stock Analysis page.

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