NGEx Minerals Gains Court Nod for Royalties Spin-Out

NGEx Minerals ( (TSE:NGEX) ) has provided an announcement.

NGEx Minerals Ltd. has received court approval for a spin-out transaction that will separate its net smelter returns royalties on the Lunahuasi and Los Helados Projects into a new subsidiary, LunR Royalties Corp. This strategic move, approved by shareholders, is expected to be completed in the fourth quarter of 2025 and will result in NGEx shareholders receiving shares in both NGEx and LunR Royalties. The arrangement is designed to streamline operations and potentially enhance shareholder value by distributing LunR Royalties shares on a pro-rata basis, while NGEx retains a 19.9% interest in the new entity.

The most recent analyst rating on (TSE:NGEX) stock is a Hold with a C$23.00 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 primarily on the exploration and development of mineral properties. The company is involved in projects such as Lunahuasi and Los Helados, with a market focus on extracting and managing mineral resources.

Average Trading Volume: 244,744

Technical Sentiment Signal: Buy

Current Market Cap: C$4.66B

Find detailed analytics on NGEX stock on TipRanks’ Stock Analysis page.