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Great Divide Mining Ltd ( (AU:GDM) ) has provided an update.
Great Divide Mining Ltd announced a successful capital raising of $1.335 million through unsecured and unquoted loan notes, supported by both existing and new investors. The funds will primarily support the advancement of the Challenger Gold Mine joint venture, marking a significant step in the company’s transition from explorer to producer. This capital injection highlights investor confidence in GDM’s strategic direction and operational capabilities. The company plans to seek shareholder approval for the conversion of these loan notes into shares and options, further solidifying its financial strategy.
More about Great Divide Mining Ltd
Great Divide Mining Limited is an Australian explorer focused on gold, antimony, and critical metals, operating across four projects and eleven tenements in Queensland. The company aims to develop assets in historically mined areas with existing infrastructure, facilitating rapid project advancement and cost efficiency. Its key projects include Yellow Jack, Coonambula, Devils Mountain, and Cape, with a strategy to generate early cash flow from initial projects to fund further exploration. In 2025, GDM commenced production at the historic Challenger Gold Mine in New South Wales, marking its transition from explorer to producer.
Average Trading Volume: 41,973
Technical Sentiment Signal: Buy
Learn more about GDM stock on TipRanks’ Stock Analysis page.