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ECR Minerals ( (GB:ECR) ) has issued an update.
ECR Minerals PLC has announced its intention to acquire the Raglan Project, a fully permitted alluvial gold project in Queensland, Australia, as part of its strategic expansion near its existing Blue Mountain Project. The acquisition, which includes a mining lease and comprehensive infrastructure, is expected to fast-track ECR’s gold production plans, contingent upon successful due diligence and the completion of a £0.65 million subscription to fund the purchase. The company also plans a retail offer to raise additional funds, enhancing its operational footprint in a prospective gold region.
More about ECR Minerals
ECR Minerals PLC is a gold exploration and development company primarily focused on operations in Australia. The company is involved in the exploration and development of gold projects, aiming to build a portfolio of low-capex, high-margin gold operations.
Average Trading Volume: 29,709,238
Technical Sentiment Signal: Strong Sell
Current Market Cap: £6.35M
For an in-depth examination of ECR stock, go to TipRanks’ Overview page.