Gold 50 Ltd. (AU:G50) has released an update.
Gold 50 Ltd. successfully completes a $1.40 million funding round through a placement of new shares to advance its Golconda Project, following a significant high-grade gallium discovery. The investment, supported by both new and existing sophisticated investors, will fund further desktop work, planning, and metallurgy testing. Managing Director Mark Wallace highlights the project’s potential to impact the strategic mineral supply chain for the US defense and technology sectors.
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