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Novo Resources Corp T.NVO

Alternate Symbol(s):  NSRPF

Novo Resources Corp. is a gold explorer focused on discovering gold projects. The Company is engaged primarily in the business of evaluating, acquiring, exploring, and developing natural resource properties with a focus on gold. It has a land package covering approximately 5,500 square kilometers in the Pilbara region of Western Australia, along with the 22 square kilometer Belltopper project in the Bendigo Tectonic Zone of Victoria, Australia. Its key project area is the Egina Gold Camp, where De Grey Mining is farming-in to form a JV at the Becher Project and surrounding tenements through exploration. The Company is also advancing gold exploration at Nunyerry North. It focuses on undertaking early-stage exploration across its Pilbara tenement portfolio. It has also formed a lithium joint venture with SQM Australia Pty Ltd (SQM) in the Pilbara, which provides shareholder exposure to battery metals. Its Belltopper Gold Project comprises the adjacent Malmsbury and Queens projects.


TSX:NVO - Post by User

Post by WisGuy1on Feb 28, 2022 3:36pm
187 Views
Post# 34468809

E3D

E3D
E3D "Series B funding round expected to grow from $10.2M to $22M
 
On January 12, 2022, Elementum 3D announced the company has raised $10.2 million in a Series B funding round via the filing of a Form D with the U.S. Securities and Exchange Commission. The funding round is expected to blossom to $22 million in the coming weeks.  
 
Elementum 3D is using its new equity financing to streamline operations, introduce new materials, and expand vertically. The funding will further solidify the company’s lead in the development and commercialization of high-performance advanced metals, alloys, composites, and other application specific materials in the additive manufacturing industry.
 
“We’ve been basically building data with these customers, where they’ve been basically testing it and trying it and seeing if it works,” Elementum founder and president Jacob Nuechterlein told BizWest. “We’ve had a number of customers who are now moving to production-scale projects. They’re moving from the R&D phase now to a production phase."
 
“We’re the ones who are providing really the only aerospace-grade aluminum that’s available,” he added."
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