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Great Northern Minerals Limited (ASX: GNM) confirmed the successful completion of the 3rd earn-in stage of the Golden Ant transaction, receiving an AU$1.3 million payment from Great Eastern Gold Ltd, which now holds a 63% stake in Golden Ant. GNM retains a 37% interest and is set to receive another AU$1 million upon completion of the final earn-in phase. The company also withdrew from its Finland lithium projects to refocus on more strategic acquisitions and began reviewing new resource opportunities.
On the corporate side, Clarissa Chua was appointed Non-Executive Director, and a total of 7.35 million shares were sold under the unmarketable parcel sale facility. GNM reported AU$1.46 million in cash at quarter-end and AU$27 thousand in exploration expenditure. No mining production activities occurred during the period, and the company continues evaluating resource prospects for future growth.
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