Nimy Resources Limited has secured firm commitments for a $2.75 million share placement from a mix of existing strategic shareholders, institutional investors, and sophisticated parties. The funds will support exploration at the company’s Block 3 gallium discovery in Western Australia by accelerating drilling programs, advancing the maiden JORC resource definition, progressing metallurgical test work, and furthering offtake discussions. Gallium, which has seen prices surge to $1,012 per kilogram—primarily due to China’s export ban impacting the global semiconductor supply chain—remains a key driver behind the company’s renewed focus on high‐grade deposits. The share placement involves the issuance of 32,352,942 fully paid ordinary shares at 8.5 cents each, a price set at a notable discount compared to recent trading levels. In addition, investors will receive an attached option for every two shares subscribed, with an exercise price of 13.5 cents and an expiry three years from issuance. The successful placement, completed under the company’s capacity as approved by shareholders, reflects strong market confidence and has been coordinated by industry advisors, Charles Street Pty Ltd and GBA Capital Pty Ltd. These advisors also stand to receive further options under the agreed terms as part of their capital raising fee structure. Looking ahead, Nimy Resources is poised to release a series of updates, including drilling progress, assay results, and further milestones leading to a JORC compliant resource model. Managing Director Luke Hampson expressed optimism that the company is well positioned to be a significant supplier of high-grade gallium, especially as major markets in the US and EU focus on securing supply for semiconductor manufacture and defense applications. Market sentiment appears mixed under this development. On the bullish side, the strong investor demand and successful capital raise signal confidence in the company’s strategic vision and the rising value of gallium in technology and defense sectors. However, bearish considerations may include the significant discount offered on new placements relative to recent closing prices, as well as the inherent risks tied to exploration and resource development. For beginner traders, the news underlines both promising growth opportunities and the caution required when investing in exploration-driven ventures.