Meridian Mining Secures $20.1M for Cabaçal Project

Meridian Mining Se (TSE:MNO) has released an update.

Meridian Mining UK S has successfully completed a $20.1 million public offering, issuing 57.5 million shares at $0.35 each, including an over-allotment option. The proceeds will bolster the financial foundation for advancing the Cabaçal gold and copper project, including a pre-feasibility study and exploration activities. Investors, including company insiders, have shown strong support, signaling confidence in Meridian’s long-term value potential.

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