Nimy Raises $1.72M Plus SPP at 6 Cents Following Gallium Resource Progress
Nimy Resources reminds shareholders of the imminent closing of its Share Purchase Plan, following promising developments at its Mons Critical Mineral project and a recent $1.72 million placement.
- SPP closes 17 October 2025 at $0.06 per share
- Eligible shareholders can apply for up to $30,000 without brokerage fees
- Recent maiden Gallium JORC resource announced at Block 3 discovery
- Ongoing success at Masson Copper discovery
- Followed a $1.72 million institutional and sophisticated investor placement
Nimy Resources’ Capital Raising Push
Nimy Resources (ASX, NIM) has issued a timely reminder to its shareholders that the company’s Share Purchase Plan (SPP) will close at 5, 00pm AWST on Friday, 17 October 2025. This capital raising initiative offers eligible shareholders the opportunity to purchase new shares at a discounted price of $0.06 each, with a maximum application limit of $30,000 and no brokerage fees.
Backing Recent Project Advances
The SPP follows a series of encouraging developments at Nimy’s 100% owned Mons Critical Mineral project in Western Australia. Notably, the company is on the cusp of releasing its maiden Gallium JORC 2012 Compliant Resource at the Block 3 discovery, a significant milestone that underscores the project’s potential. Additionally, ongoing exploration success at the Masson Copper discovery continues to bolster investor confidence in the company’s resource portfolio.
Complementing Institutional Support
This fundraising effort complements a recent $1.72 million share placement to a mix of new and existing institutional and sophisticated investors. The dual approach of institutional placement and shareholder participation via the SPP reflects Nimy’s strategy to broaden its capital base while maintaining strong shareholder engagement.
Shareholder Participation Details
Eligible shareholders are those registered with an address in Australia or New Zealand as of 5, 00pm AWST on 19 September 2025. The company has made the application process straightforward, with forms and detailed information accessible online. Shareholders are encouraged to act promptly to ensure their applications and payments are received before the deadline.
Looking Ahead
As Nimy Resources approaches the close of its SPP, the market will be watching closely to see the level of shareholder uptake and how the additional capital will be deployed to advance the Mons project. The combination of fresh funding and promising exploration results positions Nimy to potentially accelerate its development timeline in the competitive critical minerals sector.
Bottom Line?
The closing of the SPP marks a pivotal moment for Nimy Resources as it seeks to convert exploration success into shareholder value.
Questions in the middle?
- What will be the final subscription level of the SPP and its impact on Nimy’s balance sheet?
- How soon will the maiden Gallium resource at Block 3 be formally reported and what size is expected?
- What are the next exploration or development steps planned for the Masson Copper discovery?
