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Nimy Resources Limited ( (AU:NIM) ) has issued an update.
Nimy Resources Limited has signed a non-binding Memorandum of Understanding with U.S. critical minerals group M2i Global for the sale of gallium from its Block 3 discovery in Western Australia. This partnership aims to secure funding and facilitate introductions to potential U.S. government buyers, including the Department of Defense, positioning Nimy as a key player in the critical minerals supply chain. The MOU outlines exclusive rights for M2i to negotiate the purchase of gallium-bearing concentrates and aims to finalize a binding agreement within 12 months, enhancing Nimy’s market positioning in the U.S. and supporting the development of its Mons Project.
More about Nimy Resources Limited
Nimy Resources Limited (ASX: NIM) is an emerging exploration company focused on critical minerals in Western Australia. Its flagship Mons Project hosts a portfolio of critical minerals, including gallium and rare earth elements, positioning Nimy to meet growing global demand for strategic resources.
Average Trading Volume: 821,087
Technical Sentiment Signal: Sell
For detailed information about NIM stock, go to TipRanks’ Stock Analysis page.