Grande Portage Boosts Growth with Non-Brokered Private Placement

Grande Portage Resources (GPR) has successfully completed a non-brokered private placement, raising CAD 1.5 million. This strategic move will significantly bolster the company's working capital, enabling it to advance its mining projects and exploration activities, particularly at the Herbert Gold Project in the Yukon. With CAD 1.2 million already spent on exploration in 2023, the additional funds will allow GPR to continue its drilling program, potentially leading to new discoveries and resource expansion.



The private placement was supported by strategic investors such as Sprott Capital Partners and Palisades Goldcorp, demonstrating confidence in GPR's exploration potential and its ability to create value for shareholders. These partnerships not only provide financial backing but also offer valuable industry insights and expertise, enhancing GPR's competitive edge in the mining sector.



The funds raised from the private placement will be allocated to support GPR's growth strategies, primarily focused on advancing its Herbert Gold Project in Alaska. The company aims to complete a Preliminary Economic Assessment (PEA) and a Feasibility Study, which will help determine the project's economic viability and potential for development. Additionally, a portion of the funds will be used for general working capital purposes, enabling the company to maintain its operations and explore other potential opportunities.

In conclusion, Grande Portage Resources' non-brokered private placement has positioned the company for growth and success in the mining sector. With the support of strategic investors and a clear focus on advancing its Herbert Gold Project, GPR is well-equipped to create value for shareholders and contribute to the broader mining industry.