Genmin Secures A$1.0 Million Funding for Baniaka Project
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Genmin Ltd. has secured A$1.0 million in unsecured loans from Board Chair Greg Lilleyman and non-executive Director John Hodder, accruing interest at 12% per annum. The funding will support general working capital as the company advances its Baniaka iron ore project in Gabon. The latest analyst rating for Genmin (AU:GEN) is a Hold with a price target of A$0.09. Genmin is focused on developing its flagship Baniaka project, contributing to its strategic positioning in the iron ore industry.
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