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Noronex Ltd.
NRX.AU
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Noronex Ltd. Partners with South32 for Copper Exploration in Africa

Noronex Ltd. has partnered with South32 to explore large-scale copper deposits in Namibia and Botswana. This strategic initiative aims to meet the increasing demand for copper and enhance Noronex's market presence, providing significant opportunities for stakeholders in the mining sector. The company focuses on the exploration and development of copper resources and is positioned in one of the world's emerging copper provinces.

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Noronex Director Increases Stake Through Private Placement

Noronex Ltd. has announced that director Victor Rajasooriar has increased his stake in the company by acquiring 7,142,857 fully paid ordinary shares, 20,000,000 unquoted options, and 40,000,000 performance rights through a private placement. This significant increase in ownership may influence the company's governance and indicates confidence in its future prospects. The current market cap of Noronex is A$6.7M, with an average trading volume of 623,555 shares.

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Noronex Appoints New CEO to Drive Growth in Kalahari Copper Belt

Noronex Ltd. has appointed Victor Rajasooriar as Managing Director and CEO to spearhead its growth strategy in the Kalahari Copper Belt. Rajasooriar, with 25 years of mining industry experience, is expected to enhance the company's operational capabilities. The announcement also includes the retirement of Director James Thompson, a key figure in Noronex's founding. Noronex is an ASX-listed copper company with projects in Namibia and Ontario, aiming to expand its resources using modern technology. Current market cap stands at A$8.36M.

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Noronex Expands Copper-Silver Finds at Fiesta Project in Namibia

Noronex Ltd. has announced significant copper-silver mineralization at its Fiesta Project in Namibia, with a major 500m step-out confirming extensive deposits. The company plans further exploration through diamond drilling to enhance its industry standing and stakeholder value. Noronex operates in the mining sector, focusing on the Kalahari Copper Belt. The current market cap is A$7.99M, with a year-to-date price performance of 60.0%.

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Cumulus Wealth Reduces Stake in Noronex Limited

Cumulus Wealth has reduced its stake in Noronex Limited, decreasing its voting power from 10.31% to 8.84% as of January 13, 2025. The number of shares held dropped from 51,160,000 to 44,160,000. This change may impact stakeholder dynamics and reflects potential shifts in investment strategies. Noronex Ltd. has a current market cap of A$7.5M and a year-to-date price performance of 50.0%.

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