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Eagle Mountain Mining Ltd. ( (AU:EM2) ) has issued an update.
Eagle Mountain Mining Limited plans to issue 10 million performance rights to Executive Director Fabio Vergara under its employee incentive plan, rewarding his work on 2025 option agreement negotiations with Marble Mountain Ventures, Vincere Resource Holdings and Nittetsu Mining. The rights, each convertible into one fully paid ordinary share at no cost, will vest only if Vergara remains with the company and Eagle Mountain finalises a binding agreement with Nittetsu Mining on terms materially consistent with a previously announced non-binding indicative offer, with the proposed issuance and Vergara’s participation in an entitlement offer shortfall placement subject to approval at an upcoming shareholders’ meeting, underscoring the company’s efforts to align executive incentives with strategic deal execution and potential project advancement in Arizona.
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 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 key North American mining jurisdiction that hosts several major global copper deposits.
Average Trading Volume: 2,747,203
Technical Sentiment Signal: Sell
Current Market Cap: A$15.39M
See more data about EM2 stock on TipRanks’ Stock Analysis page.