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GME Resources Limited ( (AU:AXN) ) has shared an announcement.
Alliance Nickel Limited held its 2025 Annual General Meeting, where the Chairman and Managing Director discussed the company’s progress and challenges. The completion of the NiWest Definitive Feasibility Study confirmed the project’s technical robustness and commercial attractiveness. However, market challenges have delayed project implementation and affected financing. The termination of the Offtake Agreement with Stellantis was noted, but negotiations for a new agreement are underway. The company is exploring a potential SPAC transaction for a Nasdaq listing, aiming to capitalize on the growing demand for high-purity, battery-grade nickel driven by the electric vehicle market.
More about GME Resources Limited
Alliance Nickel Limited operates in the mining industry, focusing on the development of nickel projects. The company is primarily involved in the NiWest Project, which is known for its strong ESG credentials and cost efficiency, making it competitive among low-cost producers.
Average Trading Volume: 243,062
Current Market Cap: A$30.58M
For detailed information about AXN stock, go to TipRanks’ Stock Analysis page.