bullish
OMG: Exploration Update – Fully Funded Through 2025
SUMMARY
- The Company provided an exploration update on the Omai Gold Project with development goals laid out in this release.
- Since our last note, Omai raised $13M in a private placement which closed on June 20th and sets the Company up for the next two years of project development.
- On July 2nd, Omai commenced a 10,000m drill program with the goal of expanding the overall mine plan (by way of resource growth) and began many of the baseline studies required for permitting and engineering.
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