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Native Mineral Resources Holdings Ltd. ( (AU:NMR) ) has shared an announcement.
Native Mineral Resources Holdings Ltd (ASX: NMR) announced it has raised $4.1 million through a pro-rata entitlement offer, marking a significant step towards securing the $15.9 million needed to advance its Queensland gold projects. The funds will be used to develop the Far Fanning and Blackjack deposits and refurbish the Blackjack Processing Facility, with the company targeting its first gold production by Q3 2025. The strong shareholder support, including a substantial investment from Managing Director and CEO Blake Cannavo, and conditional investment from entrepreneur Wes Maas, underscores investor confidence in NMR’s project quality and operational plans.
More about Native Mineral Resources Holdings Ltd.
Native Mineral Resources Holdings Ltd is a company in the mining industry, primarily focused on the exploration and development of gold deposits. The company is engaged in advancing its projects in Queensland, Australia, with a significant focus on the Far Fanning and Blackjack gold deposits and the refurbishment of the Blackjack Processing Facility.
YTD Price Performance: 7.50%
Average Trading Volume: 1,061,944
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$20.85M
See more insights into NMR stock on TipRanks’ Stock Analysis page.
