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NGEx Minerals ( (TSE:NGEX) ) just unveiled an update.
NGEx Minerals Ltd. has announced the expected closing date for its spin-out transaction, which will see the creation of LunR Royalties Corp., a wholly-owned subsidiary managing net smelter returns royalties from the Lunahuasi and Los Helados Projects. This strategic move, expected to be completed on October 23, 2025, aims to distribute shares of LunR Royalties to existing NGEx shareholders, enhancing shareholder value without altering their current holdings in NGEx. The arrangement also includes the appointment of a new board for LunR Royalties, featuring industry leaders such as Adam Lundin and Jamie Beck, the latter known for his significant contributions to the Lundin Group, including a major acquisition deal with BHP Investments Canada Inc. This development is poised to strengthen NGEx’s position in the mining sector and potentially increase returns for its stakeholders.
The most recent analyst rating on (TSE:NGEX) stock is a Hold with a C$27.00 price target. To see the full list of analyst forecasts on NGEx Minerals stock, see the TSE:NGEX Stock Forecast page.
Spark’s Take on TSE:NGEX Stock
According to Spark, TipRanks’ AI Analyst, TSE:NGEX is a Underperform.
NGEx Minerals faces significant financial challenges with persistent losses and negative cash flows, heavily impacting its overall score. While recent corporate events suggest potential growth in resource value, they do not sufficiently counterbalance the financial weaknesses. Technical indicators and valuation also show weaknesses, contributing to the overall cautious outlook.
To see Spark’s full report on TSE:NGEX stock, click here.
More about NGEx Minerals
NGEx Minerals Ltd. operates in the mining industry, focusing on the exploration and development of mineral properties. The company is primarily involved in projects that yield net smelter returns royalties, with a market focus on copper, gold, and silver deposits.
Average Trading Volume: 308,440
Technical Sentiment Signal: Buy
Current Market Cap: C$5.34B
For detailed information about NGEX stock, go to TipRanks’ Stock Analysis page.