Erdene Resource Development Corporation provided financial and operational reports for the 3rd quarter of 2020 and the development of the Bayan Khundii Gold Project.
Exploration activities were intensified during the reporting period, costing $ 3.5 million, and the 2nd phase of the Black Horse field exploration has begun.
The company raised CAD 20 million investments in August 2020 and signing a financing agreement with the Canadian Export Development Agency increases the opportunity to raise the funds needed for further development.
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