NGEx Minerals’ Spinout LunR Royalties Wins TSXV Listing Approval
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The latest announcement is out from NGEx Minerals ( (TSE:NGEX) ).
NGEx Minerals has announced that its royalty spinout, LunR Royalties Corp., has received final approval to list its common shares on the TSX Venture Exchange, with trading set to begin on December 19, 2025 under the symbol “LUNR.” The listing marks a key milestone in the October 2025 spinout transaction, after which NGEx retained 13,370,107 LunR Royalties shares, giving NGEx shareholders continued indirect exposure to LunR’s emerging royalty and streaming business while allowing NGEx to maintain strategic financial interest outside its core South American exploration assets.
The most recent analyst rating on (TSE:NGEX) stock is a Buy with a C$29.00 price target. To see the full list of analyst forecasts on NGEx Minerals stock, see the TSE:NGEX Stock Forecast page.
Spark’s Take on TSE:NGEX Stock
According to Spark, TipRanks’ AI Analyst, TSE:NGEX is a Underperform.
NGEx Minerals faces significant financial challenges with persistent losses and negative cash flows, heavily impacting its overall score. While recent corporate events suggest potential growth in resource value, they do not sufficiently counterbalance the financial weaknesses. Technical indicators and valuation also show weaknesses, contributing to the overall cautious outlook.
To see Spark’s full report on TSE:NGEX stock, click here.
More about NGEx Minerals
NGEx Minerals Ltd. is a Canadian-based copper and gold exploration company focused on the Lunahuasi copper-gold-silver project in Argentina’s San Juan Province and the nearby Los Helados copper-gold project in Chile’s Region III, both situated in the Vicuña District alongside major regional deposits and the Caserones mine. The company owns 100% of Lunahuasi and operates Los Helados as the majority partner under a joint exploration agreement with Nippon Caserones Resources LLC, while its shares trade on the TSX under “NGEX” and on the OTCQX under “NGXXF” as part of the Lundin Group of Companies.
Average Trading Volume: 413,646
Technical Sentiment Signal: Buy
Current Market Cap: C$5.28B
For detailed information about NGEX stock, go to TipRanks’ Stock Analysis page.
