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An announcement from ECR Minerals ( (GB:ECR) ) is now available.
ECR Minerals has entered non-binding heads of terms with Octo Holdings for the proposed sale of its subsidiary, Mercator Gold Australia Pty Ltd (MGA). The proposed disposal aims to streamline ECR’s assets by excluding key projects such as Creswick and Tambo from the sale, while retaining the Bailieston project within MGA. The transaction, valued at A$4.5 million, is intended to strengthen ECR’s balance sheet and fund its core projects. The restructuring ensures ongoing operations in Victoria remain unaffected, with a focus on accelerating project development in Queensland and Victoria.
More about ECR Minerals
ECR Minerals PLC is an exploration and development company focused on gold mining in Australia. The company holds various exploration assets, primarily targeting gold, with a market focus on advancing its projects in Queensland and Victoria.
YTD Price Performance: 9.26%
Average Trading Volume: 32,695,058
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £6.47M
See more data about ECR stock on TipRanks’ Stock Analysis page.
