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Emmerson ( (GB:EML) ) has shared an announcement.
Emmerson Plc has announced an additional issuance of shares and rights to its Board and Management as part of a strategic move to manage cash flow and align interests during a critical period. This follows a successful fundraising effort aimed at supporting ongoing strategic initiatives, including potential litigation funding related to a dispute with the Moroccan government. The company also updated stakeholders on this dispute, indicating no further developments, and reiterated its commitment to provide updates when available.
More about Emmerson
Emmerson Plc is a mining company focused on the development of its Khemisset potash project in Morocco. The company aims to become a low-cost, high-margin supplier of potash, being the first primary producer on the African continent. With a significant JORC Resource Estimate and a strategic location, Emmerson is positioned to support growing fertilizer demand in Africa and Europe. The Khemisset project has a net present value of US$2.2 billion and an internal rate of return of approximately 40%.
YTD Price Performance: -62.50%
Average Trading Volume: 7,308,712
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £7.69M
See more insights into EML stock on TipRanks’ Stock Analysis page.
