GME Resources Limited (AU:AXN) has released an update.
Alliance Nickel Limited’s NiWest Nickel Cobalt Project has been awarded Major Project Status by the Australian Federal Government, marking it as a project of national economic significance and the first nickel project to receive such recognition since nickel was added to the Critical Minerals List. The designation will assist the company with regulatory approvals and support the project’s contribution to economic growth and job creation, with the NiWest project expected to create 900 jobs and significantly boost nickel and cobalt production.
For further insights into AU:AXN stock, check out TipRanks’ Stock Analysis page.