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Nimy Resources Limited ( (AU:NIM) ) just unveiled an announcement.
Nimy Resources Limited has completed a reverse circulation drill campaign at its Mons Project in Western Australia, reporting high-grade gallium intervals and commencing a maiden JORC resource estimate. The company has signed MOUs with M2i Global for gallium concentrate supply into the U.S. and appointed Tony Tang as a Technical Advisor for metallurgical test work. Significant discoveries at Masson and Sneaky Squirrel include conductive EM plates and a gossanous outcrop with copper, zinc, and gold mineralization. Nimy has raised $1.72 million through a successful placement and an additional $4.88 million via an SPP to support ongoing exploration and resource development efforts, positioning itself for future growth and market participation.
More about Nimy Resources Limited
Nimy Resources Limited is an exploration company focused on discovering and developing mineral resources in Western Australia. The company primarily engages in the exploration of gallium, copper, nickel, and other valuable minerals, with a market focus on expanding its resource base and establishing supply agreements.
Average Trading Volume: 1,196,429
Technical Sentiment Signal: Sell
For an in-depth examination of NIM stock, go to TipRanks’ Overview page.