Shares in the company last traded at 7.3 cents before being halted.
() has been granted a trading halt by the ASX pending the release of details regarding a material funding arrangement.
Shares in the company will remain halted until the earlier of, either, the release of relevant information, or the commencement of trading on Thursday 1 November 2018.
Last week, New Energy received scoping study results for its 80%-owned Caula Vanadium Graphite Project in Mozambique.
The study forecast a post-tax net present value (NPV) of US$448.76 million or A$619.29 million for the proposed 26-year life.
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...
In exchange for publishing services rendered by the Company on behalf of New Energy Minerals Ltd named herein, including the promotion by the Company of New Energy Minerals Ltd in any Content on the Site, the Company...
FOR OUR FULL DISCLAIMER CLICK HERE