Eagle Mountain Mining Limited (ASX: EM2) has reached a key strategic milestone with Nittetsu Mining Co. completing due diligence on the Oracle Ridge Project in Arizona, marking tangible progress toward a potential joint venture. Following the completion of this review, legal documentation is now being prepared, with binding agreements targeted for April 2026, subject to board approval. The proposed transaction forms part of a broader value-realisation strategy that includes restructuring legacy debt and consolidating ownership of Oracle Ridge through an option to re-acquire the mine and its associated infrastructure.
Under the non-binding indicative offer, Nittetsu may earn an 80% interest by contributing up to US$20 million toward project expenditures, while Eagle Mountain remains free-carried to that threshold. The structure materially reduces near-term funding pressure and enhances balance sheet flexibility. Against a supportive copper price environment, the advancing partnership framework strengthens the pathway toward potential redevelopment of Oracle Ridge and highlights growing third-party confidence in the asset’s long-term value.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Eagle Mountain Mining Limited– Strategic Partnership Advances Oracle Ridge Redevelopment Path
Eagle Mountain Mining Limited (ASX: EM2) has reached a key strategic milestone with Nittetsu Mining Co. completing due diligence on the Oracle Ridge Project in Arizona, marking tangible progress toward a potential joint venture. Following the completion of this review, legal documentation is now being prepared, with binding agreements targeted for April 2026, subject to board approval. The proposed transaction forms part of a broader value-realisation strategy that includes restructuring legacy debt and consolidating ownership of Oracle Ridge through an option to re-acquire the mine and its associated infrastructure.
Under the non-binding indicative offer, Nittetsu may earn an 80% interest by contributing up to US$20 million toward project expenditures, while Eagle Mountain remains free-carried to that threshold. The structure materially reduces near-term funding pressure and enhances balance sheet flexibility. Against a supportive copper price environment, the advancing partnership framework strengthens the pathway toward potential redevelopment of Oracle Ridge and highlights growing third-party confidence in the asset’s long-term value.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au