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Emmerson ( (GB:EML) ) just unveiled an announcement.
Emmerson PLC has secured up to $11 million in litigation funding from a leading litigation finance firm to support its dispute with the Moroccan government, under a bilateral investment treaty. The funding will enable Emmerson to proceed with arbitration proceedings efficiently and enhance shareholder returns, while Boies Schiller Flexner LLP has been appointed as its litigation counsel. Additionally, a Management Incentive Plan has been established to retain key management personnel crucial to ongoing operations and litigation efforts.
More about Emmerson
Emmerson PLC is a mining company focused on the development of the Khemisset potash project in Morocco. The project aims to establish Emmerson as a low-cost, high-margin supplier of potash and the first primary producer on the African continent, contributing significantly to Morocco’s economy and supporting the growing demand for fertilizers in Africa and Europe.
Average Trading Volume: 7,225,673
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £7.82M
Learn more about EML stock on TipRanks’ Stock Analysis page.