$NILI.V announced a C$30M raise today at $0.60 a unit with a full warrant at $0.90, co-led by Brian Paes-Braga and Michael Hess.
Paes-Braga founded Lithium X at a sub-C$2M market cap and sold it for C$265M cash within 2.5 years.
Dilution has been a recurring concern with NILI, and this raise only adds to it.
However, the caliber of who just stepped must be kept in mind.
Once this closes they'll have roughly C$70M in treasury, fully funded to a construction decision on a project with a US$9.17B after-tax NPV.
Ross Jennings gave his stamp of approval on his Substack today calling it "positively transformational.
Not financial advice in the slightest.
https://t.co/YZGcSYXvMJ
We're thrilled to introduce Gold X2 Mining, the new identity of Goldshore Resources, as we continue to unlock value at the Moss Gold Deposit.
The shares will trade on the TSX.V under symbol AUXX starting Thursday, September 4th
#GoldX2 $AUXX #GoldMining#Mining#JuniorMining
Watch Michael Henrichsen, CEO of Goldshore, share results from the recently completed 20,000m winter drill program at the Moss Gold Project. Highlights include multiple high-grade intercepts in the Main Zone, Golden Gate, QES, and Superion Zones; to be included in the planned Resource Update and initial PEA.
👉 Learn more at https://t.co/gZfQ3qeaYV
#Goldshore $GSHR $GSHRF #GoldMining #Mining #JuniorMining #GoldExploration
"The new drilling in conjunction with previous intercepts located beneath the conceptual open pit at the Southwest Zone gives us confidence in adding significant additional ounces in a future resource estimate based on the success of the recently completed winter drill program" - Michael Henrichsen, CEO & Director of Goldshore Resources.
Read the full News Release at: https://t.co/1ahBWjsGc5
#Goldshore $GSHR $GSHRF #GoldMining #Mining #JuniorMining #GoldExploration
“Policy is shifting from fighting inflation to financing deficits.” – Paul Wong, Sprott (via @mining)
With the USD down YTD and central banks buying gold, we’re advancing our Moss Gold Project, delivering secure gold exposure in Canada.
👉 https://t.co/gZfQ3qeaYV
Source: https://t.co/hWBAbL1Fmm
#Goldshore #GoldMining #JuniorMining #GoldExploration $GSHR $GSHRF
Goldshore Resources Announces $25 Million Bought Deal Private Placement to Drive On-Going Development at the Moss Gold Deposit $GSHR.V https://t.co/A7QuXocKR5
Goldshore Intersects 124.35m of 1.65 g/t Au, Including 47.0m of 3.08 g/t Au, at the Moss Deposit
Best drill hole to date at the Moss Gold Deposit; part of a 20,000m program that is expected to significantly enhance the current MRE and have a significant impact on the upcoming PEA
“Results from our drilling campaign continue to demonstrate both the consistency and continuity of grade at the Moss Deposit with drill hole MQD-25-171 surpassing the 200 grade x thickness (GxT) threshold” - Michael Henrichsen, Goldshore CEO.
Read more: https://t.co/RGX0YvO422
According to Kitco News, Poland led February gold purchases, adding 29 tonnes—its largest buy since 2019.
Chantelle Schieven predicts gold could reach $3,200/oz as central banks seek stability amid global uncertainty. A strong outlook for projects like Moss Gold.
👉 https://t.co/DmcaI5QwgV
#GoldshoreResources #GoldMining #GoldInvesting #GoldExploration $GSHR $GSHRF
A massive day for NG Energy.
NGE has entered into a LOI to sell a 40% operating WI in Sinu-9 to Maurel & Prom for total cash consideration of US$150mm
Maurel & Prom, headquartered in Paris and founded in 1831, have been active in Colombia for over 20 years.
NEWS RELEASE:
NG ENERGY ANNOUNCES THE SALE OF A 40% WORKING INTEREST IN SINU-9 FOR US$150 MILLION
Read: https://t.co/HMW2GMjszz
TSX-V: $GASX 🇨🇦
OTC: $GASXF 🇺🇸
FRA: 56P 🇩🇪
"We believe that these results have the potential to add to the ounce production profile in the first several years of mine life enhancing the economic performance of the project moving forward” - Michael Henrichsen, CEO of Goldshore.
Read the Release: https://t.co/PVuK1hKfv8