PNX Metals Limited (AU:PNX) has released an update.
PNX Metals Limited is set to merge with Kin Mining, creating a diversified resource group with assets in gold, silver, base metals, and uranium across Australia. The merger is backed by a strong balance sheet with approximately A$86 million in cash and no debt, promising substantial growth potential for the company. Additionally, recent exploration activities have identified significant uranium and gold prospects, enhancing the company’s resource portfolio.
For further insights into AU:PNX stock, check out TipRanks’ Stock Analysis page.
