Geovic Mining Corp. announced taht it expects to receive CAD 0.50 million in funding.

Geovic Mining Corp. is an exploration and development company. The Company is focused on developing the cobalt project through its 60.5% ownership of Geovic Cameroon PLC. Geovic Cameroon's Mine Permit covers 1,250 square kilometers in Cameroon, Africa, and provides production rights to seven large cobalt-nickel-manganese deposits. The Company's Caledonia project consists of chromite deposits in the mineral-rich sands along the coast of New Caledonia. The project contains approximately 25% of nickel reserves. Geovic holds equity interests in various exploration projects, which are a 100% interest in Geovic Nouvelle Caledonie SAS's Chromite Project in New Caledonia, a 100% interest in Geovic's Chromite Project in Papua New Guinea, a 100% interest in Geovic's Arizona Gold Project, and a 10%interest in the Wind Mountain Rare Metals.