Fully Permitted Tanzanian Gold Project Clears Path to Construction as Financing, EPCM Fall in Place (LVGLF)
Lake Victoria Gold has achieved key milestones for its fully permitted Imwelo gold project in Tanzania, including completion of sterilization drilling, approval of a Tanzanian-led EPCM structure, and securing financing of approximately $29.2 million through a gold loan and convertible debenture. Construction is targeted to begin in the current quarter, positioning the company to transition from developer to producer.