ECR Minerals Plc (AIM: ECR)

With it’s strong financial position and multiple news catalysts due is ECR Minerals a compelling #BlackFriday opportunity? “…The strategic mix of near-term monetisation opportunities and long-term development projects ensures that #ECR remains well-placed to navigate the challenges and opportunities of the mining sector…” https://lnkd.in/e-dkCybU

#ECR - Collaboration agreement with James Cook University on #RareEarth elements at the #Lolworth Project ✅ Following approval of funding for the project by the Trailblazer Steering Committee, the collaboration will see JCU recruit post-doctoral researchers and PhD students to form a dedicated team MD Mike Whitlow: "We are thrilled to see further validation of our projects in Queensland, in particular the Lolworth Project, through this exciting collaboration with James Cook University... this initiative places ECR in a stronger position to potentially unlock the Lolworth Project's REE potential and create significant shareholder value." read: https://lnkd.in/eknfsmP4 Andrew Scott Nick Tulloch

🔔 StockBox spoke to Mike Whitlow MD ECR Minerals Plc (AIM: ECR), about the company’s recent £950,000 fundraise and strategic plans. Watch below ⬇️ https://lnkd.in/eTFau8Z7 ➡️ 2025 Funding Secured: The capital raised ensures funding for the 2025 work program, accelerating projects like Blue Mountain and pushing toward production and revenue generation. ➡️ Asset Sales and Growth: ECR is leveraging non-core asset disposals and tax loss recoveries, with significant deals in progress to bolster cash reserves further. ➡️ Future Outlook: With a strengthened balance sheet, active fieldwork, and growing interest in assets, ECR aims to maintain momentum and deliver long-term shareholder value. #ECR #StockBox

It’s just a matter of time for #ECR Minerals “…do you think you managed market expectations about when this sale would happen…” “…the big clue is the buyer has engaged professional advisors. We now have a stronger balance sheet than the vast majority of small mining companies. With that balance sheet we can advance Blue Mountain, we can advance Tambo, and we can break the mold…” https://lnkd.in/ehWUbkE5

ECR Minerals Plc (AIM: ECR) #ECR - Update on potential sale of non-core assets in Victoria, incl A$75m of tax losses ✅ Potential buyer has engaged consultants to advise on the optimum structure of the proposed transaction. ✅ Given the level of process and complexity that is likely to be involved, to allow time for these workstreams to conclude, ECR has extended the period of exclusivity with the potential buyer to 31 Jan 2025 Chairman Nick Tulloch "We are pleased to report positive progress on the proposed sale of MGA, incl its A$75m of tax losses, in what is potentially a very complex transaction.... we have agreed a longer extension to exclusivity with the potential buyer to allow time for its advisers to complete the due diligence and their structuring work. I intend to travel to Australia in the second half of January 2025 to hopefully conclude the process." read: https://lnkd.in/e-PcTdqD Andrew Scott

ECR Minerals Plc (AIM: ECR)'s Nick Tulloch and Andrew Scott discuss this morning's fundraise, further progress today on tax loss negotiations and forward plans with Company projects including Blue Mountain, #Lolworth, #Tambo and #Bailieston Watch: https://lnkd.in/eSQVm-FD

ECR Minerals Plc (AIM: ECR) has raised £950,000 before expenses through a subscription of 287,878,787 new shares at 0.33p, representing a discount of approximately 20.5% Chairman Nick Tulloch: "Through the Subscription we will be funded for our planned 2025 programme, meaning that whilst we seek to conclude what could be a valuable sale of our tax losses, held in our subsidiary MGA, we can commence detailed preparations for the coming year.  A particular highlight is our intention to prepare Blue Mountain to be capable of going into production and our assessment of the commercialisation of that project is already well underway.  We are also optimistic about our opportunities at Lolworth where our partnership with the GSQ adds further validity to the potential breadth of that project.  Nearer term, the initial drilling results at Tambo announced last week point to what could also be a very promising ongoing campaign there." read: https://lnkd.in/eQTPjA2t Andrew Scott

Caught up with ECR Minerals Plc (AIM: ECR) MD Mike Whitlow to discuss sale of Brewing Lane property, yesterday's drill results from Tambo, update on tax losses and potential opportunities beyond Victoria ... #gold

#ECR - Conditional offer accepted for the proposed sale of surplus land ✅ Conditional offer of A$225,000 for surplus land subject to purchaser obtaining suitable financing ✅ Proposed sale is independent of mineral rights so will have no impact on any future operations at Creswick Chairman Nick Tulloch "...the agreement represents a very cost-effective exit for ECR ..... The proceeds will be immediately reinvested in our near-term exploration and operational activities ... the Board is excited about the potentially significant opportunities presented by our assets in Victoria and Queensland." read: https://lnkd.in/eKnmXrdb Andrew Scott

ECR Minerals Plc (AIM: ECR) #ECR - Initial diamond drilling results from Duke of Cornwall Lode at #Tambo #Gold Project, Victoria ✅ Best drill intercepts from Hole DOCD002 include 0.15 metres @ 24.10 g/t Au and 0.40 metres @ 8.51 g/t Au ✅ Supporting surface channel (chip) sampling from the Main Lode returned exceptional results including 0.2 metres @ 180 g/t Au and 0.25 metres @ 27.80 g/t Au. MD Mike Whitlow: ''These early results from the Duke of Cornwall Lode system are outstanding and validate the geological potential of this area. The high-grade gold intercepts, consistent mineralisation across the Main Lode, and the promising visual indicators in the core give us confidence in the continuity and potential scale of the system..." read: https://lnkd.in/ezyFc4xi Andrew Scott Nick Tulloch