Eagle Mountain Mining Ltd. (AU:EM2) has released an update.
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Eagle Mountain Mining Ltd. is set to raise A$6.4 million through a renounceable entitlement issue, pivoting its focus towards exploration activities and reducing debt. The company has garnered substantial backing from its leadership, with Managing Director Charles Bass committing A$3 million in sub-underwriting, further underscoring the company’s strategic shift towards exploring promising projects like the Silver Mountain and Wedgetail. This financial maneuver aims to position Eagle Mountain as a key player in tapping potential high-grade copper and gold deposits.
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