G50 Corp raises A$10M in oversubscribed placement to advance drilling, gallium testwork in Arizona

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7d ago 5:38

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G50 Corp Holdings Managing Director Mark Wallace joined Steve Darling from Proactive to announce the Company has received firm commitments for a strongly oversubscribed placement to raise gross proceeds of A$10 million. The capital was secured primarily from leading Australian institutions, demonstrating strong demand and confidence in G50’s exploration strategy. The placement, priced at A$0.25 per share, represents a 10.4% discount to the 5-day VWAP. Bell Potter Securities Limited and Morgans Corporate Limited, both prominent Australian firms, acted as Joint Lead Managers and Bookrunners to the transaction. Wallace highlighted that the raise drew robust interest from both existing shareholders and new institutional investors, underscoring growing recognition of the strategic value of G50’s Golconda Gold-Silver-Zinc Project in Arizona. Earlier in 2025, drilling at Golconda uncovered a district-scale gold and silver discovery, while the Reverse Circulation (RC) program confirmed consistent gallium mineralization across one kilometer of the Golconda patented claims. This discovery is particularly significant given gallium’s critical role in defense technologies and data center infrastructure, combined with the fact that China currently controls 100% of global gallium supply and has restricted its export to the U.S. The newly raised funds will be directed toward extensive drilling and metallurgical testwork at Golconda. A track-mounted core drill rig is scheduled to arrive in September, followed by an RC rig once the core drilling phase is complete. Metallurgical testwork focused on gallium will begin this quarter, supporting ongoing discussions with potential partners and funding groups. In parallel, precious and base metal metallurgical testwork will be conducted using samples from the core drilling program, contributing to the preparation of a maiden Mineral Resource Estimate (MRE). Wallace emphasized that this financing provides G50 with the momentum needed to accelerate exploration and development at Golconda, advancing both its critical minerals strategy and its precious metal resource potential at a time of heightened demand for secure, U.S.-based supply chains. #proactiveinvestors #g50corplimited #asx #g50 #otcqb #gfytf #Gallium #GoldExploration #SilverMining #CriticalMinerals #ArizonaMining #NevadaMining #GolcondaProject #WhiteCapsProject #MetalsSupplyChain #GalliumNitride #MiningInvestment #JuniorMiners #USSupplyChain #ProactiveInvestors

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