Gold Terra Secures C$4.4 Million Funding to Advance Yellowknife Gold Project

An announcement from Gold Terra Resource ( (TSE:YGT) ) is now available.

Gold Terra Resource Corp. has announced a funding package totaling C$4,400,000, supported by Osisko Gold Royalties. This includes a non-brokered financing of C$2,400,000 and an early exercise of a 2% NSR royalty option by Osisko for C$2,000,000. The funds will support ongoing drilling programs at the Con Mine property, aimed at increasing the current resource estimates and advancing the project towards potential production. The Con Mine, historically one of Canada’s richest high-grade gold mines, offers significant potential with its existing infrastructure and high-grade ore targets.

More about Gold Terra Resource

Gold Terra Resource Corp. operates in the mining industry, focusing on the exploration and development of gold properties. The company is primarily engaged in advancing its high-grade gold assets in the Northwest Territories, Canada, with a significant focus on the Yellowknife City Gold Project.

Average Trading Volume: 309,145

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$22.42M

See more data about YGT stock on TipRanks’ Stock Analysis page.