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Noronex Limited (ASX:NRX)

ALERT: Price-sensitive ASX Announcement for NRX
Current share price for NRX : $0.012 0 (0%)+
Announcement
Release
5 Mar 2026 8:21AM
Price at Release
$0.012
Full Release
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Summary
Noronex Limited has received a A$1.25 million first tranche payment as part of a transaction involving the sale of a 60% interest in the Witvlei Copper Project in Namibia to Joint Era Mining Co., Limited (JEM). The payment follows the successful completion of due diligence by JEM, which will also assume all associated expenditure obligations for the project's licences. The transaction aligns with Noronex's strategy to streamline its portfolio and focus on copper and uranium exploration in Namibia and Botswana. The funds received will support Noronex's ongoing exploration programs in the Kalahari Copper Belt.
Key Points
  • Due diligence completed, A$1.25 million Tranche 1 received.
  • 60% interest in Witvlei Project transferred to JEM.
  • JEM assumes expenditure obligations for project licences.
  • Second tranche of A$1.25 million payable upon Mining Licence grant.
  • Transaction supports copper and uranium exploration strategy.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.