Nimy Resources

🚨 Scoping Study Underway at Mons Gallium Block 3 Project 🚨

Nimy Resources (ASX: NIM) has commenced a Scoping Study on its Mons Gallium Block 3 Project in Western Australia - a key milestone in advancing the project toward commercial supply.

The study will evaluate mining, processing and metallurgical pathways for the Block 3 JORC Inferred Resource, alongside capital and operating costs, product marketing, pricing and early-stage economic outlook, with completion expected in Q2 2026.

Perth-based metallurgical experts Strategic Metallurgy have been appointed to lead the work, which will integrate test results from both Australia and the United States. These results will help define optimal processing routes for commercial-grade gallium concentrate, a key step toward supplying high-purity gallium into U.S. defence, semiconductor and advanced technology markets under our collaboration with M2i Global.

This parallel testing in Perth and the U.S. represents meaningful progress on the path to becoming an important global supplier of critical gallium.

Read the full announcement 🔗 https://zurl.co/rrmyv

💰 Nimy Resources Raises $4.88M in Oversubscribed Share Purchase Plan 🚀

Nimy Resources (ASX: NIM) is pleased to announce the successful close of its Share Purchase Plan, raising $4.88 million — almost double the initial $2.5 million target — following overwhelming investor demand.

The maximum amount allowed under SPP regulations was reached, reflecting strong market confidence in Nimy’s Block 3 gallium discovery, which also hosts rare earths.

Funds raised will accelerate the completion of the maiden JORC gallium resource and advance ongoing exploration across Nimy’s Mons Critical Minerals Project in WA.

Managing Director Luke Hampson said: “The exceptionally strong result underscores investor belief in our gallium and base metals strategy. We’re now fully funded to maximise these opportunities.”

🔗 https://zurl.co/B7Tp8