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Why Is GBM Resources Stalled on $5 Million Placement from China?

8:39am on Friday 19th of December, 2025 AEDT Mining
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Why Is GBM Resources Stalled on $5 Million Placement from China?

8:39am on Friday 19th of December, 2025 AEDT
Key Points
  • Partial placement of 56.6 million shares completed for $3 million
  • Remaining $5.05 million delayed by Chinese regulatory approvals
  • New binding commitment with Wise Walkers subject to shareholder approval
  • Shareholder meeting scheduled for January 2026 to approve balance
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