trending Market Intelligence /marketintelligence/en/news-insights/trending/b_Cb3VjhL86iqks0CVFwug2 content esgSubNav
In This List

Galena Mining secures additional A$10M to fund Abra project predevelopment

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Blog

Insight Weekly: US bank M&A; low refinancing eases rates impact; Texas crypto mining booms

Blog

Insight Weekly: US stocks hit grim milestone; top European banks tumble; TMT IPOs plunge

Video

Gold and Copper Summit 2022: Overview of Global Gold Markets in 2022 and Beyond


Galena Mining secures additional A$10M to fund Abra project predevelopment

Galena Mining Ltd. said March 22 that it secured A$10 million from Kingfisher Capital Pte. Ltd. through a two-tranche placement of shares at 40 Australian cents apiece to fund predevelopment work at the Abra lead-silver project in Western Australia.

The Australian explorer started an initial 15,000-meter diamond drilling program, which will add about 25% of new data to the project's total drilling base.

The Australian government's Foreign Investment Review Board approved Toho Zinc Co. Ltd.'s A$90 million investment into Abra Mining Pty. Ltd., which owns the Abra project. The investment will give Toho Zinc a 40% stake in Abra Mining.