Skip to content

Montana gold miner in final capital raise ahead of IPO next week

Montana gold miner in final capital raise ahead of IPO next week

Broker Skanderbeg Capital is in the final stages of a raise for a gold prospect located in the US state of Montana. The miner is about to start a European investor road show later this month, but the stock is scheduled to hit the market next week in Canada, Skanderbeg confirmed with us this week.

The private Montana-based gold and silver developer is focused on advancing a consolidated project which sits primarily on patented land. There has been considerable work on the project already with 320 drill holes and a high grade core, but this is really 1990s historic exploration. We are looking here at a non NI 43-101 unconstrained gold resource of 2.8m oz at 0.89 g/t Au Eq open at depth, along strike and untested regionally.

We understand that much of the initial issue has been picked up by a group of five seasoned backers of mining projects. Given the state of stock markets this week, it is possible that early investors may be able to achieve superior pricing on the deal. More details follow.


Want the full story? Access all of The Armchair Trader's content for just £5.99 per month.

Get weekly investment ideas and tips that will take your investing to the next level. Sign up here.

Free 28 day trial. Cancel anytime.


Log In or Sign Up to Armchair Trader+

Already a member? Log in here:


Not a member? Sign up now or see the membership benefits

Further content of this article is not available as it is for members only. Please visit the registration page for Armchair Trader Plus+ for further details on the benefits of becoming a member.

Share this article

Invest with these platforms

Hargreaves Lansdown

IG

Interactive Brokers

Interactive Investor

Charles Stanley

IG

Interactive Brokers

Charles Stanley

Looking for great investing ideas? Get our free newsletter.
Join our UK news channel on WhatsApp

This article does not constitute investment advice.  Do your own research or consult a professional advisor.

Learn with our free 'How to' Guides

Our latest in-depth company reports

On the podcast

Sign up for great investing stock tips

Thanks to our Site Partners

Our partners are established, regulated businesses and we are grateful for their support.

Aquis
CME Group
FP Markets
Pepperstone
Schroders

TMX
WisdomTree
ARK
FxPro
CMC Markets
Back To Top