Landore Resources Limited (LSE:LND) has successfully raised £1,465,000 through a significantly oversubscribed subscription of new ordinary shares, attracting both new institutional investors and existing shareholders. The company plans to allocate the funds to general working capital and to advance the Mineral Resource Estimate work at its BAM Gold Project. The financing comes at a time of strong gold prices, which further support the project’s economic potential and development strategy.
More about Landore Resources
Landore Resources Limited is a mining company focused on the exploration and development of precious and base metal projects. Its principal asset is the Junior Lake Property in Northwestern Ontario, which hosts the flagship BAM Gold Project. The company’s strategy centers on advancing resource estimates and exploration activities to unlock long-term value in a favorable gold market environment.
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