Today February 21, Golden Rim Resources announced a $3.5 million fundraising campaign to fast-track exploration at its Kouri gold project in Burkina Faso. So far, it has received commitments from a number of investors for the placement of 87.5 million ordinary shares, worth 4 cents each.
“We are pleased with the overwhelming support the company received for the capital raising from a number of institutional, professional and sophisticated investors as it reflects the quality of our flagship Kouri gold project,” said Craig Mackay, the company’s managing director.
Golden Rim Resources plans to use the funds to complete the assessment of the untapped mineral resource as well as conduct further infill drilling campaigns and explore areas outside the mining zone. It will also be used as working capital.
The company which fully owns Kouri project also operates Babonga gold project in Burkina Faso.
DRC met Alibaba, Isoftstone to discuss adapting China’s e-commerce model Joint working group ...
The new unified platform replaces the NIBSS Instant Payments system. It connects banks, finte...
DRC minister visited Huawei China center to boost AI training cooperation Talks focused on launch...
Ghana to allocate $2.8B in 2026 budget for major road infrastructure push Funding targ...
Somalia and Algeria signed multiple agreements covering education, agriculture, energy, diplomacy,...
Anthony Mavunde remains in office as Tanzania prepares new mining reforms President Hassan plans a mining sovereign fund and a multi-mineral...
Anthropic, Rwanda’s government, and ALX launched Chidi, an AI mentor built on Claude. It will reach over 200,000 learners across Africa. Rwanda...
The Tax Authority is preparing a Mineral Atlas to consolidate geological, chemical, and economic data on minerals with industrial and commercial...
The programme targets government institutions and private sector operators, including women-led MSMEs Supported by Japan and delivered with...
Singita will invest $60m to build a 60-bed lodge on Santa Carolina Island and $42m in projects across the Bazaruto Archipelago. The...
The Okapi Wildlife Reserve, located deep within the Ituri Forest in the northeastern Democratic Republic of Congo, stands as one of the Congo Basin’s most...