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Eagle Mountain Mining Ltd. ( (AU:EM2) ) just unveiled an announcement.
Eagle Mountain Mining Limited announced a focus shift towards the Silver Mountain Project, where recent age-dating confirmed the presence of Laramide age intrusions, boosting prospects for a large mineralized system. They are also exploring the commercialization of tailings from the Wedgetail Project. In a strategic move, the company reduced costs by terminating office leases and restructuring personnel, including the resignation of the CEO. Additionally, they are raising capital to reduce debt and fund exploration, but have decided to relinquish rights to the Oracle Ridge Mine due to unsuccessful renegotiations with landowners.
More about Eagle Mountain Mining Ltd.
Eagle Mountain Mining Limited operates in the mining industry, focusing on exploration and development of mineral projects. The company is primarily involved in copper mining, with projects like the Silver Mountain and Wedgetail Projects in Arizona, USA.
YTD Price Performance: 0.0%
Average Trading Volume: 1,349,900
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$10.82M
Find detailed analytics on EM2 stock on TipRanks’ Stock Analysis page.
