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The latest announcement is out from Granada Gold Mine Inc ( (TSE:GGM) ).
Granada Gold Mine Inc. has signed a non-binding memorandum of understanding (MOU) for custom milling of its ore at the Beacon Mill in Quebec. This development is expected to generate revenue for the company, aiding in the continuation of its deep drilling program and potentially increasing its current gold resource. The company also announced a private placement financing to raise up to C$1,000,000, which will support its operations and administrative expenses. The private placement is subject to approval by the TSX Venture Exchange.
More about Granada Gold Mine Inc
Granada Gold Mine Inc. operates in the mining industry, focusing on gold extraction. The company is primarily engaged in the exploration and development of gold resources, with a significant project located near Rouyn-Noranda, Quebec, Canada.
YTD Price Performance: -33.33%
Average Trading Volume: 75,293
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$3.3M
For detailed information about GGM stock, go to TipRanks’ Stock Analysis page.