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SolGold ( (GB:SOLG) ) has provided an announcement.
SolGold has announced a significant investment from Jiangxi Copper, with its subsidiary agreeing to sell 157,141,000 ordinary shares at a premium price, raising approximately $18 million. This investment, which increases Jiangxi’s stake in SolGold to 12.19%, is expected to strengthen SolGold’s balance sheet and support its efforts in advancing the Cascabel Project in Ecuador. The deal highlights the intrinsic value of SolGold and its strategic positioning in the mining industry, potentially benefiting shareholders and enhancing the company’s exploration portfolio.
More about SolGold
SolGold is a leading resources company focused on the discovery, definition, and development of world-class copper and gold deposits. It is committed to delivering value to shareholders while providing economic and social benefits to impacted communities. SolGold operates transparently and in accordance with international best practices and is listed on the London Stock Exchange and Toronto Stock Exchange.
Average Trading Volume: 98,050
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $236.8M
For detailed information about SOLG stock, go to TipRanks’ Stock Analysis page.