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- Monger Gold (MMG) ends the week in a trading halt pending the release of a capital raise announcement
- The company will remain in the halt until Tuesday, October 25 or when the announcement is released to the public – whichever occurs first
- Monger Gold yesterday announced it had tripled its land position in the James Bay Lithium District of Québec, Canada, following the acquisition of the Trieste Lithium Project
- It contains multiple mapped pegmatites and strong indicator mineralogy with up to 180 parts per million lithium previously encountered
- Shares in Monger Gold last traded at 48 cents on October 20
Monger Gold (MMG) has ended the week in a trading halt pending the release of a capital raising announcement.
The company will remain in the halt until Tuesday, October 25 or when the announcement is released to the public, whichever occurs first.
Monger Gold is yet to disclose how much it intends to raise or what it will use the funds for.
Yesterday, Monger Gold announced it had tripled its land position in the James Bay Lithium District of Québec, Canada, following the acquisition of the Trieste Lithium Project.
The Trieste Project covers an area of 220 square kilometres and lies 14 kilometres east of Winsome Resources’ (WR1) Adina Lithium Project which recently intersected up to 4.89 per cent lithium oxide.
It contains multiple mapped pegmatites and strong indicator mineralogy with up to 180 parts per million lithium previously encountered.
Shares in Monger Gold last traded at 48 cents on October 20. The company has a $20.65 million market cap.
