Lincoln Gold Mining Secures $1.2 Million Financing for Project Advancement

Lincoln Gold Mining ( (TSE:LMG) ) has provided an update.

Lincoln Gold Mining Inc. announced a non-brokered private placement financing to raise up to $1.2 million through the issuance of 8,000,000 units at $0.15 per unit. The proceeds will be used for exploration at the Bell Mountain Project and general administrative expenses, supporting the company’s goal of moving the project into production. The financing is subject to TSXV approval, and securities issued will have a hold period of four months and one day. This move is part of Lincoln’s strategy to advance its projects in the Walker Lane mineral belt, positioning itself for growth in the precious metals industry.

More about Lincoln Gold Mining

Lincoln Gold Mining Inc. is a Canadian precious metals development and exploration company based in Vancouver, BC. The company holds a 100% interest in the Bell Mountain gold-silver property, which is fully permitted and ready for production, and is in the final stages of permitting for its Pine Grove gold property. Both projects are located in Nevada’s Walker Lane mineral belt, known for its rich gold and silver deposits. Lincoln aims to become a successful mid-tier gold producer.

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Technical Sentiment Signal: Sell

Current Market Cap: C$3.61M

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