Australia's Gold Mountain gains on premium share placement
30/06/2026 04:48
BUZZ-Australia's Gold Mountain gains on premium share placement ** Shares of Gold Mountain GMN.AX climb 3.8% to A$0.083, set for their biggest daily rise since June 12 if current gains hold
** Mineral explorer receives binding commitments to raise A$4.5 million ($3.09 million) via a share placement
** Placement issue price at A$0.1 per share, representing a 25% premium to stock's last close
** Co says funds will be used to advance exploration at its rare earth and lithium projects in Brazil
** More than 298,000 shares change hands vs 30-day avg volume of around 179,000 shares
** Stock up 31.8% YTD, including the day's moves
($1 = 1.4560 Australian dollars)
(Reporting by Nikita Maria Jino in Bengaluru)