Australia's Native Mineral Resources slips on discounted placement

Native Mineral Resources Holdings

09/07/2025 02:12

** Native Mineral Resources NMR.AX slips as much as 9.6% to A$0.165, its lowest since July 3

** Stock last down 1.4% to A$0.18; marks biggest intraday pct drop since July 3

** Copper and gold miner gets commitments to raise A$10 mln ($6.5 mln) via share placement

** Says issue price of A$0.16 represents a 12.3% discount to last close

** YTD, NMR surges ~336%

($1 = A$1.5319)

(Reporting by Anjali Singh in Bengaluru)

((anjali.singh2@thomsonreuters.com))