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Mount Hope Mining Ltd. ( (AU:MHM) ) just unveiled an update.
Mount Hope Mining Limited has announced a capital raise of up to $2.48 million to accelerate drilling at the Mt Solitary gold system and the 7.5 km gold corridor. This includes a $1.23 million placement to institutional investors and a $1.25 million Share Purchase Plan for eligible shareholders. The funds will support the next phase of drilling and exploration, positioning the company to capitalize on the Cobar Basin’s growing exploration and development activities.
More about Mount Hope Mining Ltd.
Mount Hope Mining Limited is an emerging high-grade gold exploration company with a focus on the Cobar Basin, a prominent base metals region in Australia. The company is involved in exploring belt-scale opportunities, particularly targeting gold and copper mineralization.
Average Trading Volume: 420,971
Technical Sentiment Signal: Strong Buy
For detailed information about MHM stock, go to TipRanks’ Stock Analysis page.