Awalé Resources sees fresh Newmont investment as statement of "confidence in the story"

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[{"type":"text","content":"Awalé Resources sees fresh Newmont investment as statement of \"confidence in the story\"\n \n \n (NewsDirect)\n \n \n \n \n Awalé Resources Ltd CEO Andrew Chubb\nspeaks to Thomas Warner from Proactive after the junior exploration\ncompany closed a non-brokered private placement with Newmont Ventures\nLimited, a subsidiary of Newmont Corporation, raising nearly C$1\nmillion. The funds will be allocated for greenfield exploration on the\nOdienné project permits and enhances Newmont's stake in the\ncompany to 15%.\n \n \n Originally holding\n10% of Awalé through a joint venture, Newmont's investment dipped\nbut was restored and increased at a premium price. This financial\nboost enables Awalé to accelerate exploration on their wholly-owned\npermits, which encircle the two properties jointly ventured with\nNewmont.\n \n \n Chubb suggests that the expanded investment from\nNewmont not only demonstrates trust in Awalé's operational\napproach but also signifies the potential of the district where they\noperate. Reflecting on 2023, Chubb expresses satisfaction with the\ncompany's progress.\n \n \n \n Contact\nDetails\n \n \n \n Proactive\n \n \n +1 604-688-8158\n \n \n \n [email protected]\n \n \n \n Copyright (c) 2023 TheNewswire - All rights reserved.\n \n \n","length":1676,"tagName":"div"}]

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