Felix Gold's capital raising announcement

Felix Gold Limited (ASX:FXG) has successfully secured firm commitments for a placement to raise $4.8 million at a price of $0.075 per share. The placement received strong support from both existing shareholders and new sophisticated and institutional investors. The funds raised will be utilized to advance development and exploration activities across Felix Gold's projects, with a specific focus on achieving near-term antimony production at the Scrafford Antimony Mine, along with engineering studies, working capital, and covering the costs of the placement.

Executive Director's perspective on the placement

Felix Gold Executive Director Joseph Webb expressed his enthusiasm for the strong support received for the placement, acknowledging the crucial milestone it represents towards the company's ambition of near-term antimony concentrate production at Treasure Creek. The placement, completed through the issue of 64,000,000 fully paid ordinary shares at $0.075 per share, is a significant step towards complementing the existing gold projects with a potentially significant value-generating strategy.

Summary of Felix Gold's capital raising and future plans

Felix Gold Limited (ASX:FXG) has successfully raised $4.8 million through a placement, demonstrating strong support from both existing and new investors. The company aims to utilize the funds to progress development and exploration activities, particularly focusing on achieving near-term antimony production at the Scrafford Antimony Mine. With a substantial landholding in the highly endowed Tintina Gold Province of Alaska, Felix Gold is strategically positioned to pursue and realize Tier 1 gold discoveries while aiming for near-term antimony production. The company's ambitions align with its goal of becoming the premier metals exploration business in the Tintina Province, leveraging its existing infrastructure, skilled workforce, and advantageous location in the heart of a premier gold production district.