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The latest announcement is out from Gold Mountain Limited ( (AU:GMN) ).
Gold Mountain Limited has announced the issuance of securities under the retail component of its accelerated pro rata renounceable entitlement offer, with trading of new shares set to begin on the ASX on 16 May 2025. The company is working with underwriters to complete the issuance of the shortfall, extending the date to 26 May 2025, and expresses gratitude to shareholders for their support.
More about Gold Mountain Limited
Gold Mountain Limited (ASX:GMN) is a mineral exploration company with a focus on rare earth elements (REE), operating projects in Brazil and Papua New Guinea (PNG). The company explores a diverse range of minerals including lithium, nickel, copper, and gold. Its Brazilian portfolio includes significant REE and REE-niobium licenses, as well as lithium and copper projects. In PNG, Gold Mountain is advancing the Green River Project, which has shown promising mineralization.
Technical Sentiment Signal: Sell
Current Market Cap: A$12.21M
See more insights into GMN stock on TipRanks’ Stock Analysis page.