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Theta Gold Mines ( (AU:TGM) ) has issued an announcement.
Theta Gold Mines has secured approximately A$51.4 million in debt and equity funding to advance its TGME Gold Mine Project in South Africa. This funding, sourced from institutional and sophisticated investors, will be used for construction, infrastructure, and equipment purchases, strengthening the company’s balance sheet and supporting project advancement. The announcement reflects strong investor confidence in the project, with the company also planning a share purchase plan for retail shareholders to raise additional funds.
More about Theta Gold Mines
Theta Gold Mines Limited is a mining company focused on the exploration and development of gold projects in South Africa. The company’s primary project is the TGME Gold Project, which aims to leverage high-grade gold deposits to establish a sustainable mining operation.
Average Trading Volume: 369,654
Technical Sentiment Signal: Buy
Current Market Cap: A$244.3M
For an in-depth examination of TGM stock, go to TipRanks’ Overview page.