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Gold Mountain Limited ( (AU:GMN) ) has provided an update.
Gold Mountain Limited has issued 169,760 ordinary shares in lieu of cash payment for Director’s fees, as approved at the 2025 AGM. This strategic move is part of the company’s ongoing compliance with the Corporations Act, and it highlights the company’s focus on maintaining financial flexibility. The company continues to analyze assays from its exploration programs, which could impact future operations and stakeholder interests, though the timing and materiality of these results remain uncertain.
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 assets in REE and niobium. In Brazil, it holds large areas of REE and REE-niobium licenses, as well as lithium projects in the eastern Brazilian lithium belt. In PNG, the company is advancing the Green River Project, which has shown promise with high-grade Cu-Au and Pb-Zn samples.
Average Trading Volume: 113,484
Technical Sentiment Signal: Sell
Current Market Cap: A$10.07M
See more insights into GMN stock on TipRanks’ Stock Analysis page.