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Awalé Resources raises $5M from warrant exercises, boosting cash to $17.7M for exploration in Côte d'Ivoire.

Company Fundamentals
12 May 2026
Newsfile Corp
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Bullish
pluang ai news

Awalé Resources raised approximately $5 million from the exercise of 6.23 million common share purchase warrants, increasing its cash on hand to $17.7 million. This capital boost supports ongoing and future exploration activities across its 100%-owned properties in Côte d'Ivoire, including the promising Odienné Gold-Copper Project and recent discoveries like Sienso. The company is well positioned to accelerate exploration without near-term capital constraints, backed by a strong technical team and a joint venture with Newmont funding part of the exploration. Awalé aims to continue disciplined growth and unlock new mineral opportunities in a pro-mining jurisdiction with significant upside potential.

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