GoldStone Resources has secured a £3.51 million strategic investment from Hong Kong-listed Persistence Gold Group, strengthening its financial position as it accelerates development of the Homase gold project in Ghana.
The announcement sent GoldStone’s shares soaring by 36% in London trading, reflecting strong investor confidence in the partnership and the company’s growth plans.
Under the agreement, Persistence Gold Group will subscribe for 351.6 million new GoldStone shares at 1 pence per share, giving the Hong Kong-based mining company a 20.96% ownership stake following the admission of the new shares to AIM, expected on or around 13 July 2026.
The investment provides GoldStone with additional capital to expand exploration activities, advance mine development and strengthen its balance sheet as it moves the Homase project towards its next phase.
GoldStone Chief Executive Officer Emma Priestley said the funding provides significant financial flexibility to accelerate development while supporting a larger drilling programme aimed at expanding the project’s JORC-compliant mineral resource.
She welcomed Persistence Gold Group as a strategic shareholder and said the partnership would support the company’s long-term objective of advancing the Homase project and unlocking further value across its exploration portfolio in Ghana.
Funds raised through the investment will be used to expand drilling at Homase, undertake mine planning and technical studies, support working capital requirements and fund general corporate activities.
Beyond the financial investment, the partnership also establishes a strategic relationship between the two companies. Persistence Gold Group will have the right to nominate one director to GoldStone’s board provided it maintains a minimum shareholding of 15%.
Executive Director Jeff Malaihollo is expected to join GoldStone’s board as a non-executive director, bringing additional mining industry and investment experience to support the company’s development strategy.
To safeguard corporate governance, GoldStone, Persistence Gold Group and nominated adviser Strand Hanson have entered into a relationship agreement designed to ensure GoldStone continues to operate independently while benefiting from the expertise and financial backing of its new strategic investor.
The agreement includes governance measures intended to protect minority shareholders while allowing the company to leverage Persistence’s international mining experience as it advances the Homase project.
The latest investment marks an important milestone for GoldStone as it seeks to increase mineral resources, progress technical studies and position the Homase project for future production, while reinforcing investor confidence in Ghana’s growing gold mining sector.