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Cora Gold ( (GB:CORA) ) just unveiled an update.
Cora Gold Limited has conditionally raised approximately £2 million through an oversubscribed retail offer of 33,333,333 new shares at 6 pence each, allocated to existing shareholders using soft pre-emption principles. The retail offer forms part of a wider fundraise, alongside a previously announced subscription, bringing total expected gross proceeds to about £15.7 million.
The company plans to use the new capital primarily to advance its Sanankoro Gold Project in southern Mali towards production, continue exploration across its permit portfolio, and provide general working capital. Completion of the fundraising remains subject to conditions including a satisfactory title opinion on its Malian assets, shareholder approval at an extraordinary general meeting on 24 March 2026, and admission of the new shares to trading on AIM by 8 April 2026.
More about Cora Gold
Cora Gold Limited is a West African gold developer focused on advancing de-risked projects in Mali and Senegal. Its flagship asset is the Sanankoro Gold Project in the Yanfolila Gold Belt in southern Mali, planned as an open-pit oxide mine. The project has a Probable Reserve of 531,000 ounces of gold and a 2025 Definitive Feasibility Study indicating strong economic fundamentals and attractive returns.
Average Trading Volume: 434,131
Technical Sentiment Signal: Buy
Current Market Cap: £40.18M
For an in-depth examination of CORA stock, go to TipRanks’ Overview page.