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Eagle Mountain Mining Ltd. ( (AU:EM2) ) has shared an update.
Eagle Mountain Mining Ltd. has received a Non-Binding Indicative Offer from Nittetsu Mining Co. for a potential joint venture at the Oracle Ridge Project in Arizona. The due diligence process is underway, with Nittetsu representatives visiting the site and engaging in discussions. A binding agreement is anticipated by March 2026, contingent on successful due diligence and approval from Nittetsu’s Board.
The most recent analyst rating on (AU:EM2) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Eagle Mountain Mining Ltd. stock, see the AU:EM2 Stock Forecast page.
More about Eagle Mountain Mining Ltd.
Eagle Mountain Mining Ltd. operates in the mining industry, focusing on exploration and development projects. Its primary project is the Oracle Ridge Project located in Arizona, USA. The company is engaged in activities related to mineral exploration and is working towards forming strategic partnerships to enhance its operations.
Average Trading Volume: 12,196,936
Technical Sentiment Signal: Sell
Current Market Cap: A$13.08M
See more insights into EM2 stock on TipRanks’ Stock Analysis page.