Newcastle Minerals sets growth strategy in motion with strong support
With the backing of a heavyweight gold miner, Canadian junior Newcastle Minerals (CVE:NCM) is set for a busy year ahead, with a planned reinvention of sorts, including a restructuring and rebranding of the company in a bid to raise funds for its projects in two of the prolific mining belts of Ontario.
Iamgold (TSE:IMG) (NYSE:IAG) is Newcastle’s largest shareholder with a 10% holding, and has already expressed an interest in participating in the junior explorer’s next financing, which is part of a restructuring plan announced last month.
