Lincoln Gold Mining Inc (TSE:LMG) has released an update.
Lincoln Gold Mining Inc. is initiating a non-brokered private placement to raise $750,000, aiming to fund the acquisition and development of the Bell Mountain gold project in Nevada. This financing, through the sale of 3 million units at $0.25 each, will also support an updated economic assessment and the detailed design of the mining plant. The move is a strategic effort to accelerate Lincoln’s transition to a mid-tier gold producer and to enhance the value of its Pine Grove gold property.
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