Nimy Resources (ASX:NIM) Addresses ASX Query Amidst Stock Surge
Price and Volume Spike
Nimy Resources (ASX:NIM) has responded to an inquiry from the Australian Securities Exchange regarding a significant increase in its stock price and trading volume. The company’s securities rose from a low of $0.07 on 26 March 2025 to an intraday high of $0.093, accompanied by heightened trading activity.
Operational Developments
On 19 March 2025, NIM announced the commencement of Raglan Drilling’s Phase 2 drilling program at its Block 3 high-grade gallium discovery in Western Australia. This initiative aims to expand the gallium resource and advance a collaboration agreement with US-based M2i Global, specialists in the global value supply chain for critical minerals. The company believes that recent media coverage, including an article in The West Australian, has reinforced the strategic importance of gallium in advanced technologies.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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