Latest Noronex (ASX:NRX) News

Noronex completed maiden drilling programs at key uranium and copper projects while bolstering its cash position through strategic asset sales. The company also formalised a 51% stake in its Etango North uranium project and navigates a CEO transition.

Noronex Limited announces the resignation of CEO Victor Rajasooriar, who will transition to Wiluna Mining Corporation, while the Board steps in to manage ongoing exploration projects in Botswana and Namibia.

Noronex Limited has completed the sale of its non-core Dordabis Copper Project in Namibia, receiving the final payment and strengthening its cash position to advance exploration in higher-priority uranium and copper assets.

Noronex Limited has received the first A$1.25 million tranche payment from Joint Era Mining following due diligence completion on the Witvlei Copper Project sale, boosting its cash reserves and advancing its strategic focus.

Noronex Limited has launched a detailed ground gravity survey over its Cgae Cgae Copper-Silver Project in Botswana, following a recent scout drilling campaign. This marks a key step in refining exploration targets beneath the Kalahari cover.

A single drill program in WA delivered a once-a-year spike, while several small caps fell hard after reopening with price gaps. This week also saw big money raised for gold and uranium builds, and a run of resource upgrades across critical minerals.

Noronex Limited has exercised its option to acquire a 51% stake in the Etango North Uranium Project in Namibia, initiating a maiden drilling program backed by AI-driven exploration techniques.

A takeover premium blew the doors off the Materials board this week, while one discounted equity raise did the opposite. Uranium names kept climbing on real production progress, and rare earths stayed in favour as governments and buyers circle supply.

A takeover offer lit up small caps, while one high-growth software name slid hard despite strong sector news. Resources dominated the winners list, but investors still punished dilution and discounted fundraisings.

Noronex Limited has appointed a drilling contractor to begin its first-ever drilling program at the Etango North Uranium Project in Namibia, targeting multiple uranium and thorium anomalies identified through recent surveys.

Noronex Limited’s ongoing 7,000m drilling program at its Powerline Copper Project in Namibia reveals further copper-silver mineralisation, reinforcing its geological model and partnership with South32.

Noronex Limited has accelerated its drilling programs across key Kalahari Copper Belt projects, secured a strategic placement, and agreed to sell its Witvlei asset, positioning itself for uranium exploration in Namibia.