The latest announcement is out from ECR Minerals ( (GB:ECR) ).
ECR Minerals has received A$225,000 from the sale of surplus land at Brewing Lane, Victoria, as part of its strategy to optimize its asset portfolio. This sale strengthens ECR’s balance sheet, providing funds for its high-priority gold exploration projects in Australia and potential opportunities in Canada, following its proposed acquisition of Maximus Minerals Ltd. The company remains focused on advancing its core projects, particularly the Blue Mountain project, and aims to accelerate exploration efforts with the immediate financial benefits from the land sale.
More about ECR Minerals
ECR Minerals is a mineral exploration and development company with a focus on gold projects in Australia. Its wholly owned subsidiary, Mercator Gold Australia Pty Ltd, holds 100% ownership of the Bailieston and Creswick gold projects in Victoria and has several license applications pending. Another subsidiary, LUX Exploration Pty Ltd, holds exploration permits in Queensland, Australia. ECR is also in negotiations to acquire Maximus Minerals Ltd and has potential financial interests in projects sold to Fosterville South Exploration Ltd.
YTD Price Performance: -30.0%
Average Trading Volume: 25,968,189
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £4.65M
See more data about ECR stock on TipRanks’ Stock Analysis page.