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GME Resources Limited ( (AU:AXN) ) has shared an update.
Alliance Nickel Limited has secured an additional A$1.2 million in unsecured loan facilities from major shareholder Zeta Resources and company directors, while extending existing A$4 million loans to June 2026. This financial maneuver reflects strong confidence from lenders in Alliance’s long-term objectives and supports ongoing strategic discussions with potential partners, bolstering the company’s position in the critical minerals industry.
More about GME Resources Limited
Alliance Nickel Limited is an ASX-listed critical minerals development company focused on its flagship NiWest nickel cobalt project in Australia. The project boasts one of the highest-grade undeveloped nickel laterite resources in the country and is strategically located near existing mining infrastructure and Glencore’s Murrin Murrin Operations. The company aims to produce low-cost, high-quality Class 1 nickel and cobalt sulphate for the Electric Vehicle sector.
Average Trading Volume: 176,645
Current Market Cap: A$25.4M
For an in-depth examination of AXN stock, go to TipRanks’ Overview page.