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Lake Victoria Gold raises $3.83M via convertible debentures to advance Imwelo gold project in Tanzania.

Company Fundamentals
20 May 2026
Newsfile Corp
View Source
Bullish
pluang ai news

Lake Victoria Gold Ltd. has closed the second tranche of its private placement, raising $300,000 and bringing total proceeds to $3.83 million. The funds will support development activities at the fully permitted Imwelo Gold Project in Tanzania, including drilling, engineering, and infrastructure planning. The company plans to increase the total raise to $5 million, pending approval. Ongoing sterilization drilling is progressing on schedule, advancing the project toward construction readiness and near-term gold production.

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