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Gateway Mining Limited ( (AU:GML) ) has issued an update.
Strickland Metals Limited has completed the sale of its Yandal Gold Project in Western Australia to Gateway Mining Limited for A$45 million in Gateway equity. The transaction allows Strickland to focus on its Rogozna Project in Serbia, which boasts a significant resource and growth potential. Strickland will distribute the majority of its Gateway shares to its shareholders, enabling them to benefit from the Yandal assets’ future progress under Gateway’s management.
More about Gateway Mining Limited
Average Trading Volume: 1,026,516
Technical Sentiment Signal: Sell
Current Market Cap: A$11.04M
For an in-depth examination of GML stock, go to TipRanks’ Overview page.