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The latest announcement is out from Lahontan Gold Corp. ( (TSE:LG) ).
Lahontan Gold Corp. announced an increase in its non-brokered private placement financing to raise up to $2.2 million by issuing 44 million units. The proceeds will be used for general working capital and exploration at the Santa Fe Mine Project. This move aims to support the company’s ongoing efforts to advance the Santa Fe Mine towards production and test its satellite project, potentially strengthening its position in the mining industry.
More about Lahontan Gold Corp.
Lahontan Gold Corp. is a Canadian mine development and mineral exploration company with four top-tier gold and silver exploration properties in Nevada’s Walker Lane. Its flagship property, the Santa Fe Mine project, previously produced significant amounts of gold and silver and holds substantial indicated and inferred mineral resources.
YTD Price Performance: 125.00%
Average Trading Volume: 470,501
Technical Sentiment Signal: Buy
Current Market Cap: C$10.5M
See more data about LG stock on TipRanks’ Stock Analysis page.