Welcome to our dedicated page for GFYTF news (Ticker: GFYTF), a resource for investors and traders seeking the latest updates and insights on GFYTF stock.
News and updates for G50 Corp Limited (OTCQB: GFYTF) focus on its activities as a mineral exploration company in the southwestern United States. The company’s announcements center on the Golconda gold-silver-zinc-gallium project in northwest Arizona, which it identifies as its flagship asset. Readers following GFYTF news can track how G50 Corp advances exploration, technical studies, and early permitting work at this project.
Company news often covers capital raisings through placements to institutional and existing investors, with disclosed use of proceeds directed toward drilling and metallurgical test work. Updates describe the scheduling and mobilization of drilling rigs, including core and Reverse Circulation (RC) rigs, as well as the scope of planned drilling campaigns at Golconda. These items provide insight into the pace and scale of field programs the company is undertaking.
G50 Corp also issues news about exploration results and technical progress at Golconda. This includes statements on gold and silver discoveries, descriptions of gallium mineralization along the project’s patented claims, and plans for follow-on metallurgical test work for gallium, base metals, and precious metals. Such releases help readers understand how the project is evolving from initial discovery toward more detailed evaluation.
Additional news topics can include early-stage permitting and baseline studies that G50 Corp associates with future permitting pathways. Together, these updates give investors and observers a view into how the company is positioning the Golconda Project within the context of domestic demand for gold, silver, zinc, and critical metals such as gallium. Users interested in GFYTF can review this news feed to follow the company’s exploration and project development milestones over time.
G50 Corp (OTCQB: GFTYF) has secured A$10.0 million through an oversubscribed placement to Australian institutions at A$0.25 per share, representing a 10.4% discount to the 5-day VWAP. The funding will support extensive drilling and testwork at the company's Golconda Gold-Silver-Zinc Project in Arizona.
The company plans to commence core drilling in September, followed by RC drilling, with a focus on gallium mineralization previously confirmed along one kilometer of Golconda patented claims. The funds will support metallurgical testing, development of a maiden Mineral Resource Estimate (MRE), and initial permitting work.
Notably, the project's gallium component has strategic importance as China currently controls 100% of gallium supply and has banned its export to the U.S., where it's critical for defense products and data center power demands.
