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An update from Lexington Gold Ltd. ( (GB:LEX) ) is now available.
Lexington Gold Ltd announced a successful equity fundraise of £530,000, completed at market price, to support ongoing exploration and joint venture activities in South Africa and the USA. The fundraise, which involved both new and existing investors, highlights growing recognition of the company’s portfolio value. The proceeds will be used to accelerate key work programs, including technical and economic studies under the Jelani JV with Harmony Gold and due diligence for a potential JV with Gold One Africa Limited. Additionally, Optiva Securities has been appointed as the company’s joint broker to enhance capital markets presence and investor engagement.
More about Lexington Gold Ltd.
Lexington Gold Ltd is a gold exploration and development company with interests in four gold projects in North and South Carolina, USA, and six projects in South Africa, covering a combined area of approximately 114,638 hectares. The company focuses on advancing its gold assets through exploration and joint ventures.
YTD Price Performance: -9.33%
Average Trading Volume: 334,585
Technical Sentiment Signal: Strong Buy
Current Market Cap: £13.6M
Find detailed analytics on LEX stock on TipRanks’ Stock Analysis page.