DGMLF - De Grey Mining Plans To Raise $395M For Major Gold Project In Australia | Benzinga
De Grey Mining (OTCPK: DGMLF) has announced an ambitious plan to raise $395 million (A$600 million) to support the financing of its Hemi Gold Project in Western Australia’s Pilbara region. The equity raising is a strategic move to fulfill a pre-condition for debt financing, allowing the company to progress with its construction activities and ultimately achieve the first gold production in the second half of 2026.
"Proactively finalizing the equity component of the (Hemi) project financing allows better planning and management of the forward capital works plan, including near-term ordering of long-lead items and contractor appointments," the company said in a statement.
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