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The latest announcement is out from Gateway Mining Limited ( (AU:GML) ).
Gateway Mining Limited has successfully raised $22.5 million through a share placement to fund aggressive exploration and drilling programs at its Yandal Gold Project and initial exploration at the Glenburgh South Project. The capital raising was heavily supported by both existing and new investors, significantly strengthening the company’s balance sheet and positioning it for future growth. This financial boost will enable Gateway to commence large-scale drilling programs and continue unlocking value across its portfolio, with the funds also covering corporate and general working capital purposes.
More about Gateway Mining Limited
Gateway Mining Limited is a company operating in the mining industry, primarily focused on gold exploration and development. Their key projects include the Yandal Gold Project and the newly acquired Glenburgh South Project, both located in Western Australia.
Average Trading Volume: 3,512,505
Technical Sentiment Signal: Hold
Current Market Cap: A$124.4M
For an in-depth examination of GML stock, go to TipRanks’ Overview page.