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Eagle Mountain Mining Ltd. ( (AU:EM2) ) just unveiled an announcement.
Eagle Mountain Mining has raised approximately $1.08 million before costs through a non-renounceable entitlement offer, issuing nearly 120 million new shares at $0.009 each and close to 40 million new options exercisable at $0.02 by November 2028. The company now intends to work with its lead managers to place the remaining shortfall of about $898,775, a step that will be important for bolstering its balance sheet and supporting ongoing exploration activities in its Arizona copper-gold projects.
The most recent analyst rating on (AU:EM2) stock is a Sell 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 Limited is an Australian-listed copper-gold exploration company focused on the strategic exploration and development of its Wedgetail and Silver Mountain projects in Arizona, USA, a major copper-producing region that hosts several of the world’s largest copper deposits.
Average Trading Volume: 2,569,955
Technical Sentiment Signal: Sell
Current Market Cap: A$16.93M
Find detailed analytics on EM2 stock on TipRanks’ Stock Analysis page.