Cora Gold Limited (LSE:CORA) has completed a fundraising of approximately £1.05 million through the issue of new ordinary shares. The proceeds will be directed toward progressing the permitting process at the company’s Sanankoro Gold Project in Mali.
The capital raise, which received backing from key existing shareholders, is intended to support the project’s advancement toward the construction stage. Management views the funding as a clear demonstration of investor confidence in the long-term potential of the Sanankoro asset.
With permitting activities moving forward, Cora Gold believes it is well positioned to deliver the next phase of development and unlock further value from its flagship project.
More about Cora Gold
Cora Gold Limited is a West Africa-focused gold exploration and development company. Its principal asset is the Sanankoro Gold Project, located in southern Mali, where the company is working to advance the project through development and into production.
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