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Peregrine Gold Ltd. ( (AU:PGD) ) has provided an announcement.
Lion Selection Group Limited has invested $0.5 million in Peregrine Gold as part of a $3 million placement, acquiring a 2.3% stake in the company. This investment highlights the potential of Peregrine’s channel iron prospects, which are strategically located and offer significant growth opportunities through resource discovery, aligning with Lion’s diversified portfolio strategy.
More about Peregrine Gold Ltd.
Peregrine Gold Ltd. is an exploration company focused on gold, iron ore, and lithium, with operations in the Pilbara region of Western Australia. The company is engaged in early-stage gold exploration along the Mallina fault and advanced prospects near Newman, alongside identifying significant iron ore occurrences.
Average Trading Volume: 298,818
Technical Sentiment Signal: Buy
Learn more about PGD stock on TipRanks’ Stock Analysis page.