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The latest announcement is out from Gold Mountain Limited ( (AU:GMN) ).
Gold Mountain Limited announced the successful closure of the institutional component of its entitlement offer, raising approximately $697,348 through the issuance of 13.95 million shares. The retail component of the offer is set to open on 6 October 2025 and close on 17 October 2025, with further details provided in the Prospectus. The company has requested a voluntary suspension pending an updated issue price announcement, with trading expected to resume on 2 October 2025.
More about Gold Mountain Limited
Gold Mountain Limited (ASX: GMN) is a mineral exploration company focused on rare earth elements (REE) with projects in Brazil and Papua New Guinea (PNG). The company is exploring a diverse range of tenements for lithium, nickel, copper, and gold, with significant holdings in Brazil’s Bahia and Minas Gerais regions, as well as the Borborema Province and São Francisco Craton. In PNG, the company is advancing the Green River Project, which has shown promise with high-grade samples and porphyry-style mineralization.
Average Trading Volume: 125,271
Technical Sentiment Signal: Sell
Current Market Cap: A$12.21M
Find detailed analytics on GMN stock on TipRanks’ Stock Analysis page.