SPOKANE, WA / ACCESSWIRE / October 28, 2024 / Goldrich Mining Company (OTC:GRMC) ("Goldrich" or the "Company") is pleased to announce it has engaged Castle Placement, LLC ("Castle") to complete a comprehensive Financing Package (the "Financing Package") to raise aggregate gross proceeds of up to $20 million. The Financing Packaging includes a $10 million Public Offering (the "Public Offering") consisting of up to 200 million common shares ("Common Shares") of the Company at a price of $0.05 per Common Share as well as $10 million in Forward-Gold Sales ("Forward-Gold Sales") at a fixed price of $1,200 per ounce.
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Gold Industry | Basic Materials Sector | Mr. Stephen M. Vincent CEO | OTC PINK Exchange | 381431105 Cusip |
US Country | 2 Employees | - Last Dividend | - Last Split | - IPO Date |
Goldrich Mining Company, established in 1959 and based in Spokane, Washington, engages in the exploration of mineral properties across the Americas. Initially known as Little Squaw Gold Mining Company, it underwent a name change to Goldrich Mining Company in May 2008. The company's primary focus is on the discovery and exploration of gold, alongside other base and precious metals. Its flagship asset is the extensive Chandalar property, located within the United States, featuring federal and state mining claims that cumulatively span thousands of acres.
Goldrich Mining Company primarily targets gold deposits, utilizing advanced exploration techniques to identify gold-bearing properties and assess their viability for future development and extraction.
In addition to gold, the company extends its exploratory activities to cover base and other precious metals, reflecting its diversified approach to mineral exploration within its portfolio of properties.
The company's flagship project, the Chandalar property, is a comprehensive exploration area that consists of twenty-one federal lode claims, one patented federal placer claim, one patented federal mill site, and 22,432 acres of unpatented State of Alaska mining claims. This property represents the central focus of Goldrich Mining Company's exploratory and development activities.