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Q-Gold Resources ( (TSE:QGR) ) just unveiled an announcement.
Q-Gold Resources Ltd. announced a non-brokered private placement financing of up to 5,714,285 flow-through common shares, aiming to raise approximately $2,000,000. The proceeds will be used to fund exploration expenses on its Mine Centre property in Ontario, with the offering expected to close around December 19, 2025, pending TSX Venture Exchange approval. This financing initiative supports Q-Gold’s strategic focus on resource expansion and project development in mining-friendly regions, potentially strengthening its market position and operational capabilities.
More about Q-Gold Resources
Q-Gold Resources Ltd. is a publicly traded North American-based mineral exploration and development company focused on advancing gold and silver projects in mining-friendly jurisdictions across North America. The company is committed to progressing its portfolio of gold and silver assets toward production, with a primary focus on its flagship Quartz Mountain Gold Project in Oregon, USA, and the Mine Centre Gold Project in Ontario, Canada.
Average Trading Volume: 151,895
Technical Sentiment Signal: Buy
Current Market Cap: C$19.42M
Learn more about QGR stock on TipRanks’ Stock Analysis page.