The latest announcement is out from ECR Minerals ( (GB:ECR) ).
ECR Minerals has terminated its non-binding agreement with Octo Holdings for the sale of its subsidiary, Mercator Gold Australia Pty Ltd (MGA), and is now exploring other potential buyers. The company is reassessing the strategic value of its Bailieston project due to rising antimony prices and plans a new drilling campaign to further explore its potential. Additionally, ECR is considering using MGA’s significant tax losses internally, particularly in its Blue Mountain Project, which could provide substantial long-term value to shareholders.
More about ECR Minerals
ECR Minerals plc is an exploration and development company focused on gold in Australia. The company is involved in the exploration of gold and antimony, with a particular focus on the Bailieston project in Victoria, Australia. ECR also has interests in the Blue Mountain Project in Queensland, which is being developed for commercial production.
YTD Price Performance: -11.67%
Average Trading Volume: 23,498,655
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £5.87M
For a thorough assessment of ECR stock, go to TipRanks’ Stock Analysis page.