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ECR Minerals ( (GB:ECR) ) has shared an update.
ECR Minerals PLC has finalized a binding agreement to acquire the Raglan Project, a fully permitted alluvial gold mining site in Queensland, Australia, for A$1.01 million funded from its existing resources. The acquisition provides immediate opportunities for gold production with available equipment and infrastructure, aligning with ECR’s strategy to accelerate revenue generation and complement its existing Blue Mountain operations. Additionally, the project offers significant exploration potential, along with tax efficiency benefits from unutilized losses, paving the way for long-term operational growth and positioning ECR as a production-focused company.
More about ECR Minerals
ECR Minerals PLC is a mineral exploration and development company operating primarily in Australia. It focuses on gold exploration through its subsidiaries, ECR Minerals (Australia) Pty Ltd and ECR Minerals (Queensland) Pty Ltd, managing projects such as Bailieston, Creswick, Tambo, Blue Mountain, and Lolworth Range, among others, aiming for operational and exploration growth in the gold mining sector.
Average Trading Volume: 23,372,845
Technical Sentiment Signal: Strong Sell
Current Market Cap: £5.61M
Find detailed analytics on ECR stock on TipRanks’ Stock Analysis page.