Goldrich Mining Announces $20 Million Strategic Financing Package to Restart Operations at Chandalar Gold District, Alaska
Goldrich Mining Company (OTC:GRMC) has announced a $20 million strategic financing package through Castle Placement, The package consists of two components: a $10 million Public Offering of up to 200 million common shares at $0.05 per share, and $10 million in Forward-Gold Sales at $1,200 per ounce. The funds will be used to restart mining operations at the Little Squaw Creek placer mine in Alaska, with operations expected to resume in 2025, based on an Initial Assessment Report by Global Resources Engineering.
Goldrich Mining Company (OTC:GRMC) ha annunciato un pacchetto di finanziamento strategico di 20 milioni di dollari attraverso Castle Placement. Il pacchetto è composto da due elementi: un Offerta Pubblica di 10 milioni di dollari fino a 200 milioni di azioni ordinarie a 0,05 dollari per azione, e 10 milioni di dollari in Vendite di Oro Futura a 1.200 dollari all'oncia. I fondi saranno utilizzati per riavviare le operazioni minerarie presso la miniera alluvionale Little Squaw Creek in Alaska, con le operazioni previste per riprendere nel 2025, in base a un Rapporto di Valutazione Iniziale di Global Resources Engineering.
Goldrich Mining Company (OTC:GRMC) ha anunciado un paquete de financiamiento estratégico de 20 millones de dólares a través de Castle Placement. El paquete consta de dos componentes: una Oferta Pública de 10 millones de dólares de hasta 200 millones de acciones ordinarias a 0,05 dólares por acción, y 10 millones de dólares en Ventas de Oro a Futuro a 1,200 dólares por onza. Los fondos se utilizarán para reiniciar las operaciones mineras en la mina aluvial Little Squaw Creek en Alaska, con operaciones que se espera reinicien en 2025, según un Informe de Evaluación Inicial de Global Resources Engineering.
Goldrich Mining Company (OTC:GRMC)는 Castle Placement를 통해 2천만 달러의 전략적 자금 패키지를 발표했습니다. 이 패키지는 두 가지 요소로 구성됩니다: 1천만 달러의 공모로 최대 2억 주의 보통주를 주당 0.05달러에 제공하며, 1천만 달러의 선물 골드 판매를 온스당 1,200달러에 제공합니다. 자금은 알래스카의 리틀 스쿼 크리크placer mine에서 채굴 작업을 재개하는 데 사용될 예정이며, 작업은 2025년에 재개될 것으로 예상됩니다. 이는 Global Resources Engineering의 초기 평가 보고서를 기반으로 합니다.
Goldrich Mining Company (OTC:GRMC) a annoncé un package de financement stratégique de 20 millions de dollars à travers Castle Placement. Le package se compose de deux éléments : une Offre Publique de 10 millions de dollars comprenant jusqu'à 200 millions d'actions ordinaires au prix de 0,05 dollar par action, et 10 millions de dollars en Ventes d'Or à Terme à 1 200 dollars l'once. Les fonds seront utilisés pour redémarrer les opérations minières à la mine alluviale Little Squaw Creek en Alaska, avec une reprise des opérations prévue en 2025, selon un Rapport d'Évaluation Initiale de Global Resources Engineering.
Goldrich Mining Company (OTC:GRMC) hat ein strategisches Finanzierungspaket in Höhe von 20 Millionen Dollar über Castle Placement angekündigt. Das Paket besteht aus zwei Komponenten: einem 10-Millionen-Dollar-Öffentlichen Angebot von bis zu 200 Millionen Stammaktien zu je 0,05 Dollar pro Aktie, und 10 Millionen Dollar in Vorwärtsgoldverkäufen zu 1.200 Dollar pro Unze. Die Mittel sollen verwendet werden, um den Bergbaubetrieb in der Little Squaw Creek Placer Mine in Alaska wiederaufzunehmen, wobei die Wiederaufnahme der Arbeiten für 2025 geplant ist, basierend auf einem Erstbewertungsbericht von Global Resources Engineering.
- Secured potential $20 million financing package
- Plan to restart mining operations at Little Squaw Creek mine
- Structured financing includes both equity and forward gold sales
- Significant shareholder dilution with 200 million new shares offering
- Forward gold sales locked at $1,200/oz, well below current market prices
- Execution dependent on successful funding completion
SPOKANE, WA / ACCESSWIRE / October 28, 2024 / Goldrich Mining Company (OTC:GRMC) ("Goldrich" or the "Company") is pleased to announce it has engaged Castle Placement, LLC ("Castle") to complete a comprehensive Financing Package (the "Financing Package") to raise aggregate gross proceeds of up to
The Company intends to use net proceeds from the Financing Package to re-commence mining operations at its Little Squaw Creek placer mine ("Little Squaw") in Alaska. Based on results of the independent Initial Assessment Report ("IA") prepared by Global Resources Engineering ("GRE") of Denver, Colorado, and subject to completion of the Financing Package, the Company anticipates re-commencing operations at Little Squaw in 2025.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
(All monetary references are expressed in U.S. dollars, unless otherwise indicated)
About Goldrich Mining
Goldrich Mining is a U.S. based resource company focused on developing the historic Chandalar gold district in Alaska. The Company controls a land package spanning 23,000 acres of highly prospective gold targets and historic mines. Goldrich's primary focus is on the discovery of a tier-one lode gold deposit while simultaneously working to monetize its significant placer asset. For more information visit www.goldrichmining.com.
For additional information regarding the Company or this news release, please contact Mr. Steve Vincent via telephone at (612) 810-4280 or svincent@goldrichmining.com.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements concern use of proceeds and potential exercise of the warrants. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, budgets, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might", "should" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements. Investors should not place undue reliance on any forward-looking statement and should consider the uncertainties and risks discussed in in the Company's latest Annual Report on Form 10-K and Quarterly Report on Form 10-Q under the heading "Risk Factors", filed with the U.S. Securities and Exchange Commission (the "SEC") and available on the SEC website or www.goldrichmining.com, as well as the Company's other SEC filings. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events, except as required by law.
SOURCE: Goldrich Mining Company
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FAQ
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