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Gold Mountain Limited ( (AU:GMN) ) has shared an announcement.
Gold Mountain Limited has announced the opening of its retail entitlement offer as part of an accelerated pro rata renounceable rights issue, aiming to raise approximately $3.052 million. The offer is available to shareholders in Australia and New Zealand, with the rights trading scheduled to close on 28 April 2025, and the issue closing on 5 May 2025. This move is expected to enhance the company’s financial position and support its ongoing exploration projects.
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, as well as copper and copper-nickel projects. In PNG, the company is advancing the Green River Project, which has shown promise with high-grade mineral samples.
Technical Sentiment Signal: Buy
Current Market Cap: A$9.16M
Find detailed analytics on GMN stock on TipRanks’ Stock Analysis page.