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Great Bear Exploration Ltd (ASX:GBL)

ALERT: Price-sensitive ASX Announcement for GBL
Current share price for GBL : $0.016 -0.001 (-5.88%)+
Announcement
Release
24 Jul 2026 1:39PM
Price at Release
$0.017
Full Release
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Summary
Great Bear Exploration Ltd, formerly HCD, has successfully completed the acquisition of the Great Bear Copper-Gold-Silver-Uranium Project in Canada, which led to its re-listing on the ASX. The acquisition was supported by a capital raise of $6.5 million. GBL plans to commence fieldwork in August 2026 as part of a two-year exploration program. The project spans over 2,800 square kilometers and has shown potential for significant mineralisation. Financially, GBL ended the quarter with a cash balance of $4.725 million and no debt, securing estimated funding for 17 quarters. Additionally, new arrangements have been made for HCD Technologies, allowing GBL to focus on its exploration efforts.
Key Points
  • GBL completed acquisition of the Great Bear Copper-Gold-Silver-Uranium Project in Canada.
  • GBL re-listed on the ASX on 17 June 2026.
  • Fieldwork at Great Bear set to commence in August 2026.
  • New cost-free arrangements for HCD Technologies.
  • Successfully raised $6.5 million in capital for the acquisition.
  • The Great Bear Project covers an area of over 2,800 km².
  • Fieldwork by previous owner identified prospective areas for IOCG-U mineralisation.
  • End of quarter cash balance of $4.725 million with no debt.
  • Directors’ fees and royalty payments made during the quarter.
  • Estimated quarters of funding available is 17.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.