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Loyal Metals Announces IPO for Desert Minerals

Story Highlights
  • Loyal Metals Limited has lodged a prospectus for Desert Minerals’ IPO.
  • The IPO will allow Loyal to focus on its core projects while Desert Minerals advances independently.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Loyal Metals Announces IPO for Desert Minerals

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Monger Gold Ltd. ( (AU:LLM) ) has issued an announcement.

Loyal Metals Limited has lodged a prospectus for the IPO of Desert Minerals Limited, which will focus on the Scotty Lithium Project in Nevada and the Mt Monger Gold Projects in Australia. The IPO aims to raise $5 million, with a priority offer for Loyal’s shareholders, allowing Loyal to concentrate on its Highway Reward Copper-Gold Project and lithium portfolio, while Desert Minerals will operate independently to advance its projects.

More about Monger Gold Ltd.

Loyal Metals Limited (ASX: LLM) is a resource exploration company with projects in North America and Australia. The company focuses on delineating JORC compliant resources to create value for its shareholders.

Average Trading Volume: 755,617

Technical Sentiment Signal: Buy

See more data about LLM stock on TipRanks’ Stock Analysis page.

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