NVRO Metals raises C$35M to acquire Northern Territories Resources and advance copper production in Australia

NVRO Metals Limited completed a C$35 million private placement to fund its acquisition of Northern Territories Resources (NTR), enabling the development of the NVRO Metals Hub in Australia's Northern Territory. The funding includes strategic investments from Hecla Mining, Transamine, and KEWA Financial, supporting commercial agreements for tailings supply and copper cathode offtake. The acquisition, expected to close around November 13, 2026, will allow NVRO Metals to install its proprietary NVRO Process™ and target near-term copper cathode and cobalt-nickel production by Q4 2027, with projected annual revenues of C$44 million. This positions the company for industrial deployment of its clean technology to recover metals from refractory ores and tailings.

Hecla Mining, a strategic investor in NVRO Metals' recent C$35 million private placement, is currently trading on Pluang at USD 14.32, close to its 52-week low of USD 13.21 but well below its 52-week high of USD 31.81 as of Nov 11, 2026 05:12 WIB. Despite a 7.07% drop in one day, Hecla's stock shows strong buying interest with 100% buy orders on Pluang. This contrasts with NVRO Metals' growth ambitions backed by fresh capital and strategic partnerships.