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Adelong Gold Completes Funding Round for Expansion

Adelong Gold Completes Funding Round for Expansion

3D Resources Limited (AU:ADG) has released an update.

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Adelong Gold Limited has announced the successful completion of its Share Purchase Plan (SPP), raising $360,000 through the issuance of 90 million shares. The funds are earmarked for the development of the Adelong gold mine and further exploration of the company’s Lithium Tenement package in Brazil. This capital boost is expected to aid Adelong Gold on its journey to become a mineral producer, with shareholders showing robust support for the company’s direction.

For further insights into AU:ADG stock, check out TipRanks’ Stock Analysis page.

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