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EGMMF does not currently pay a dividend.
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Eagle Mountain Mining Limited, operating with its subsidiaries, conducts mineral exploration across Australia and the United States. The company's efforts are concentrated on discovering deposits of copper, gold, and silver. A principal focus is its wholly-owned Oracle Ridge copper project, situated in Arizona, USA. Additionally, the company holds complete ownership of the Silver Mountain project, also located in Arizona, which encompasses 20 patented and 420 unpatented mining claims, alongside 6 state exploration permits. Established in 2017, Eagle Mountain Mining Limited is headquartered in Nedlands, Australia.
Eagle Mountain Mining Ltd (ASX:EM2) has intersected three high-grade zones within a thick mineralised zone from hole WT-21-51 at the Oracle Ridge Project in Arizona, USA. Assays included: 46.7 metres at 2.16% Cu (copper), 19.55g/t Ag (silver) and 0.27 g/t Au (gold) including 4.1 metres at 3.31% Cu, 27.51/t Ag and 0.30g/t Au; 6.3 metres at 2.42% Cu, 24.36/t Ag and 0.32g/t Au; and 15.3 metres at 4.10% Cu, 37.01g/t Ag and 0.53g/t Au including 6.3 metres at 7.15% Cu, 67.14g/t Ag and 1.00g/t Au.
Eagle Mountain Mining Ltd (ASX:EM2) has received firm commitments from high quality sophisticated, institutional and professional investors to raise A$11 million through the placement of shares for accelerating work at Oracle Ridge Copper mine. Under the placement, the company will issue 31,428,571 shares at an issue price of 35 cents per share.