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Goliath Resources raises C$9.8M in private placement to fund gold exploration in Canada's Golden Triangle

Company Fundamentals
30 Oct 2026, 13:30 WIB
GlobeNewsWire
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Bullish
Goliath Resources raises C$9.8M in private placement to fund gold exploration in Canada's Golden Triangle

Goliath Resources Limited has closed a non-brokered private placement, raising approximately C$9.8 million by issuing 6,057,000 flow-through shares at C$1.62 each. The funds will support exploration expenses for their Golddigger-Surebet Gold Project in British Columbia's Golden Triangle, enhancing their financial position with about C$27.5 million in cash going into 2027. The company is awaiting assay results from 55 drill holes completed in 2026 and plans to continue its exploration program. This financing reflects strong institutional support despite market volatility and aims to advance their high-grade gold discovery.

Goliath Resources' recent private placement is contextually set against Basic Materials sector activity on Pluang. As of Oct 30, 2026 17:32 WIB, 16 of 83 priced Basic Materials stocks rose while 64 fell. Notable prices include ARIS at USD 15.37 with 100% buy order activity, TGB at USD 7.61, and CENX at USD 33.61.

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