Native Mineral Resources (ASX: $NMR) Convertible Notes Raising Announcement

Native Mineral Resources Holdings Limited (ASX: $NMR) has received binding commitments to raise A$1,100,000 via the issue of Convertible Notes to existing and new investors. The conversion of the Notes is subject to and conditional upon the Company obtaining shareholder approval, with the proceeds intended for general working capital purposes. The completion of the issue of the Notes is expected to occur on 6 March 2024.

Executive Commentary on Capital Raising

We are extremely pleased with the response to this interim capital raising, and sincerely appreciate the support shown by existing and new investors. We are pleased to have seen demand for the Note issue exceed current requirements and look forward to bringing new opportunities to shareholders in the near term.

Summary of Native Mineral Resources (ASX: $NMR) Announcement

Native Mineral Resources Holdings Limited (ASX: $NMR) has successfully secured binding commitments for A$1,100,000 via the issue of Convertible Notes to sophisticated and professional investors. The Company's Managing Director, Blake Cannavo, expressed gratitude for the overwhelming response to the capital raising and highlighted the anticipation of new opportunities for shareholders in the near term. The funds raised are expected to support future strategic investments in Australia and internationally, aiming to deliver near term revenue growth opportunities.