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NMR Secures $3.5 Million Convertible Note to Cut Debt and Bolster Working Capital
10:00am on Wednesday 6th of May, 2026 AEST
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Mining
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NMR Secures $3.5 Million Convertible Note to Cut Debt and Bolster Working Capital
10:00am on Wednesday 6th of May, 2026 AEST
Key Points
A$3.5 million convertible note funding secured
Part repayment of existing convertible note debt
Convertible note convertible at discount if not redeemed in 6 months
Potential dilution capped at approximately 6.5% of issued capital
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Native Mineral Resources (ASX:NMR)
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