Lode Gold Secures $1.2 Million to Advance Fremont Mine Development

Stratabound Minerals ( (TSE:LOD) ) has shared an announcement.

Lode Gold Resources Inc. has successfully closed the second tranche of its private placement, raising a total of $1.2 million to fund work at the Fremont Mine in California. This financing will support various initiatives, including underground drilling and pre-feasibility studies, aimed at optimizing mine operations and increasing production. The Fremont Mine, with a significant mineral resource, presents substantial exploration potential as it remains largely untapped. The company’s strategic focus includes enhancing project economics and aligning with U.S. policies on critical mineral extraction, which could positively impact its market positioning and stakeholder interests.

More about Stratabound Minerals

Lode Gold Resources Inc. is an exploration and development company with projects in Canada and the United States. In Canada, its assets are located in the Yukon and New Brunswick, focusing on gold exploration in the Tombstone Belt and Acadian Gold Joint Venture. In the United States, the company is advancing the Fremont Mine in Mariposa, California, which is an advanced-stage exploration and development asset.

Average Trading Volume: 21,591

Technical Sentiment Signal: Strong Sell

Current Market Cap: C$7.54M

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