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ECR Minerals ( (GB:ECR) ) just unveiled an announcement.
ECR Minerals has finalized the sale of surplus land in Victoria, Australia for A$225,000, with proceeds to be directed towards accelerating exploration activities at its Queensland projects, Blue Mountain and Lolworth. Additionally, the company continues to engage in discussions regarding the sale of its subsidiary, Mercator Gold Australia Pty Ltd, and the associated A$75 million in tax losses, with ongoing negotiations involving Octo Holdings Pty Ltd and other interested parties.
More about ECR Minerals
ECR Minerals is a mineral exploration and development company with a focus on gold projects in Australia. The company operates through its Australian subsidiaries, including Mercator Gold Australia Pty Ltd, which owns the Bailieston and Creswick gold projects in Victoria, and LUX Exploration Pty Ltd, which holds exploration permits in the Lolworth Range, Queensland.
YTD Price Performance: -9.33%
Average Trading Volume: 25,856,523
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £6.26M
For a thorough assessment of ECR stock, go to TipRanks’ Stock Analysis page.
