ECR Minerals ( (GB:ECR) ) just unveiled an update.
ECR Minerals has announced the issuance of new ordinary shares as part of its ongoing remuneration policy, where directors and consultants receive part of their compensation in shares. This move is aimed at conserving cash resources while aligning the interests of the management with shareholders. The company is also preparing for significant exploration activities in 2025, including a drilling campaign at Bailieston and potential production at the Blue Mountain gold project, reflecting its strategic focus on maximizing asset value and exploring new opportunities.
More about ECR Minerals
ECR Minerals is a mineral exploration and development company with a focus on gold projects in Australia. The company operates through its subsidiaries, Mercator Gold Australia Pty Ltd and LUX Exploration Pty Ltd, holding interests in various gold projects across Victoria and Queensland. ECR is also engaged in negotiations to acquire Maximus Minerals Ltd, aiming to expand its portfolio.
YTD Price Performance: -23.33%
Average Trading Volume: 24,930,310
Technical Sentiment Signal: Buy
Current Market Cap: £5.09M
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