Eagle Mountain Mining Ltd. (AU:EM2) has released an update.
Eagle Mountain Mining Ltd. has reported promising exploration outcomes from their Silver Mountain Project, revealing potential for significant copper porphyry systems, which resemble other major Arizona deposits. The company also advanced their Oracle Ridge Project with a Scoping Study and initiated a Strategic Review due to market interest, aiming to enhance shareholder value. Additionally, a successful placement raised $1.1 million, bolstering their cash reserves to $3.1 million for the quarter.
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