ECR Minerals Announces Share-Based Remuneration to Conserve Cash

An update from ECR Minerals ( (GB:ECR) ) is now available.

ECR Minerals PLC has announced the issuance of new ordinary shares as part of its ongoing share-based remuneration policy for its directors and consultants, aiming to conserve cash resources while aligning with shareholder interests. The company is issuing 23,284,582 new shares, with directors and consultants receiving shares in lieu of salary for the final quarter of 2024. This move supports ECR’s strategy to focus on key projects like Blue Mountain and Lolworth, while preparing for potential sale of non-core assets, positioning itself for continued growth in the gold exploration sector.

More about ECR Minerals

ECR Minerals is a mineral exploration and development company focused on gold projects in Australia. Through its subsidiaries, Mercator Gold Australia and LUX Exploration, the company holds 100% ownership in several gold projects, including Bailieston, Creswick, and Lolworth Range, with additional license applications in Victoria and Queensland. The company aims to leverage its holdings and unutilized tax losses to advance its exploration and development goals.

YTD Price Performance: -3.33%

Average Trading Volume: 30,806,052

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £6.36M

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