Eagle Mountain Mining Limited (ASX:EM2) (OTCMKTS:EGMMF) is pleased to announce it has received firm commitments for $16 million through the issue of 24,615,385 fully paid ordinary shares to institutional investors at $0.65 per share.
Eagle Mountain Mining Limited (ASX:EM2) (OTCMKTS:EGMMF), is a copper focused exploration and development Company with a key objective of becoming a low emission producer at its high-grade Oracle Ridge project in Arizona, USA, to supply the rapidly growing green energy market.
Eagle Mountain Mining Limited (ASX:EM2) (OTCMKTS:EGMMF) announce 500m Mineralisation Strike Potential at Western Talon Between 91.5m at 1.37% Cu in hole WT-21-31 and 28.9m at 2.34% Cu in hole WT-21-32.
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Rincon Resources Pty Ltd ( Rincon ) The Company advised in late June 2020 that it had invested AUD$250,000 (approximately £140, 000) in Rincon, an Australian gold and base metals exploration company. At the time the Company s investment represented approximately 28% of Rincon s issued share capital. Rincon is a Western Australian ( WA ) focused gold and base metals company which holds a 100% interest in three highly prospective projects in WA; the South Telfer, Laverton and Kiwirrkurra Projects. Each project has been subject to historical exploration which has identified large outcropping mineralised systems. Rincon intends to explore the projects in order to delineate copper and gold resources. It intends to drill these three projects during the first half of 2021.The main focus is on the South Telfer Project, covering 50,000 hectares in the Paterson province. The South Telfer Project is approximately 12km south of Newcrest