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An update from Gold Mountain Limited ( (AU:GMN) ) is now available.
Gold Mountain Limited has announced the opening of its accelerated pro rata non-renounceable entitlement offer, aiming to raise approximately $1.5 million through the issuance of 30.5 million fully paid ordinary shares at $0.05 per share. The offer is available to shareholders in Australia and New Zealand, with the Rights Issue scheduled to close on 17 October 2025. The company has decided not to extend the offer to shareholders outside these regions due to impracticality and compliance costs. This move is part of Gold Mountain’s strategy to strengthen its financial position and support its ongoing exploration activities.
More about Gold Mountain Limited
Gold Mountain Limited (ASX: GMN) is a mineral exploration company primarily focused on rare earth elements (REE) with projects in Brazil and Papua New Guinea (PNG). The company is engaged in exploring a diverse range of tenements for lithium, nickel, copper, and gold. Gold Mountain has expanded its portfolio in Brazil with large areas of prospective REE and REE-niobium licenses, as well as lithium and copper projects. In PNG, the company is advancing the Green River Project, which has shown promise with high-grade mineral samples.
Average Trading Volume: 140,230
Technical Sentiment Signal: Sell
Current Market Cap: A$12.67M
For a thorough assessment of GMN stock, go to TipRanks’ Stock Analysis page.