Caracal Gold PLC (GB:GCAT) has released an update.
Caracal Gold PLC has secured a strategic investment from Cynergy Global Ltd to fund the expansion of its Kilimapesa Gold Mine, with a phased investment plan including immediate and future funding options. The partnership aims to accelerate the development of the mine, while also addressing safety concerns due to artisanal mining activities and enhancing operational management with Minopex’s expertise. The funds will also support the company’s regional growth plans and corporate overhead.
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