Native Mineral Resources Holdings (ASX:NMR) received the final installment of AU$2.3 million from Wes Maas, the chief executive and managing director of MAAS Group Holdings (ASX:MGH), completing a AU$6.8 million investment as part of the company's AU$15.9 million entitlement offer, according to a Wednesday Australian bourse filing.
Maas now holds a 19.25% stake in NMR, the filing said.
Funds will accelerate gold development at NMR's projects near Charters Towers in Queensland, where first gold is expected in the third quarter of fiscal 2025.
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