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Gold Mountain Limited ( (AU:GMN) ) has issued an announcement.
Gold Mountain Limited announced an increase in its placement to $2 million, facilitated by Eagle Holdings 2 Limited through the issuance of nearly 30 million ordinary shares at a slightly increased price. The additional funds will be used for general working capital, and the announcement also ends the company’s voluntary suspension requested earlier. This financial move is expected to bolster Gold Mountain’s operational capabilities and potentially enhance its market position in the mineral exploration sector.
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 explores a diverse range of tenements for lithium, nickel, copper, and gold, with significant holdings in Brazil’s REE and REE-niobium licenses and various mineral projects in PNG.
Average Trading Volume: 139,190
Technical Sentiment Signal: Sell
Current Market Cap: A$10.99M
Find detailed analytics on GMN stock on TipRanks’ Stock Analysis page.