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Eagle Mountain Mining in $15m institutional placement
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Eagle Mountain Mining (ASX:EM2) reports record grades from Oracle Ridge
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Small cap mining duo launch raisings
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A couple of small cap mining outfits were getting in front of funds on Thursday morning, on the hunt for cash injections.
A coupe of mining small caps were getting in front of resources funds on Thursday.Â
Louise Kennerley
Rare earths play Hasting Technology Metals went into a halt during morning trade, seeking $57.2 million in fresh equity.
New shares in the placement were being offered to funds at 19¢ a share, which represented a 20.8 per cent discount to the companyâs last close and a 9.9 per cent discount to its five-day VWAP.
Money raised would go towards developing Hastingsâ Yangibana rare earths project in Western Australia â financing things like mine site and engineering works.
Gunsynd PLC boss sees a lot of upside with portfolio geared towards activity in first half of 2021
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Gunsynd Plc (AIM: GUN, AQSE: GUN) is pleased to announce an update on the current exploration programme from Eagle Mountain Mining Limited ( Eagle Mountain ), one of Gunsynd s investee companies, an ASX listed copper-gold exploration and development company (ASX: EM2). Eagle Mountain has announced drilling results from its 2020 drilling programme at its 80% owned Oracle Ridge Mine Project ( Oracle Ridge ) in Arizona, USA. Assay results have been received from holes WT-20-12, WT-20-13, WT-20-14 and WT-20-15. Latest drilling results include: · Other significant assay results include: o 2.0m at 2.45% Cu, 14.9g/t Ag and 0.42g/t Au from 228.7m in WT-20-12