Lake Victoria Gold Nears Imwelo Project Acquisition

Tembo Gold (TSE:LVG) has released an update.

Lake Victoria Gold is set to finalize the acquisition of the Imwelo Project after receiving tax clearance from the Tanzanian Revenue Authority, with the transfer of the mining license anticipated to prompt further investment from TAIFA Group. The company, poised for aggressive growth in Tanzania’s goldfields, is also in talks to secure additional funding for the development of the project. Shareholders eagerly anticipate the completion of the acquisition, as it symbolizes a significant step in LVG’s consolidation strategy within the region.

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