Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Cora Gold ( (GB:CORA) ) has provided an update.
Cora Gold Limited has raised £1.048 million in gross proceeds through a recently closed fundraise, lifting its cash and cash equivalents to more than US$1.65 million as it advances its flagship Sanankoro Gold Project in southern Mali through the permitting stage. The additional capital, largely backed by existing significant shareholders, is intended to bridge the company through permitting and position it to move into the construction phase in line with a positive 2025 definitive feasibility study, while the updated capital structure now comprises over 502 million ordinary shares alongside outstanding warrants and options, underscoring both shareholder support and the equity-linked incentives aligned to the project’s future development.
More about Cora Gold
Cora Gold Limited is a West Africa-focused gold developer with de-risked project areas across two established gold belts in Mali and Senegal. Led by a management team experienced in turning multi-million-ounce discoveries into operating mines, the company is primarily advancing its Sanankoro Gold Project in the Yanfolila Gold Belt in southern Mali as an open-pit oxide mine, supported by a 531 koz probable reserve and strong definitive feasibility metrics, while also exploring large-scale gold mineralisation potential at its Madina Foulbé permit in eastern Senegal.
Average Trading Volume: 401,226
Technical Sentiment Signal: Buy
Current Market Cap: £30.3M
For an in-depth examination of CORA stock, go to TipRanks’ Overview page.