Narryer Metals completes capital raising for further drilling at Rocky Gully

Narryer Metals Limited (ASX:NYM) has successfully completed a capital raising, securing $650,000 through the issue of 26,000,000 shares at an issue price of $0.025 per Share. The funds will primarily be utilized for follow-up drilling of the Rocky Gully carbonatite targets and for general working capital and business development purposes.

Executive Commentary

The successful completion of the capital raising demonstrates the confidence of both new and existing shareholders in our exploration projects. The funds will enable us to progress with the planned aircore and RC drilling programs at the Rocky Gully carbonatite targets, with a focus on exploring the lateral extent of scandium and REE mineralisation near surface at the Ivar Prospect. We are committed to delivering value for our shareholders through the advancement of our critical minerals projects in Australia and Canada.

Summary

Narryer Metals Limited (ASX:NYM) has raised $650,000 through a successful capital raising, which will facilitate further exploration activities at the Rocky Gully carbonatite targets. The company plans to conduct aircore drilling to explore the lateral extent of scandium and REE mineralisation near surface at the Ivar Prospect, followed by RC drilling to target a high priority gravity anomaly. The funds will also support general working capital and business development purposes. Narryer Metals remains focused on advancing its critical minerals projects in Australia and Canada, aiming to deliver value for its shareholders.