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The latest announcement is out from Gold Mountain Limited ( (AU:GMN) ).
Gold Mountain Limited announced the closure of the retail component of its entitlement offer, receiving acceptances for over 122 million shares, raising approximately $244,097. The new shares will be issued on 15 May 2025, with trading expected to commence on 16 May 2025. This successful capital raising effort underscores shareholder confidence and supports the company’s ongoing exploration and development projects in Brazil and Papua New Guinea.
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. It has expanded its portfolio in Brazil with REE and REE-niobium licenses in Bahia and Minas Gerais, and lithium projects in the eastern Brazilian lithium belt. In PNG, Gold Mountain is advancing the Green River Project, which has shown promise with high-grade Cu-Au and Pb-Zn float samples.
Technical Sentiment Signal: Sell
Current Market Cap: A$12.21M
For an in-depth examination of GMN stock, go to TipRanks’ Stock Analysis page.
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