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ECR Minerals Conditionally Raises Funds to Advance Australian Projects

MT Newswires·01/08/2026 04:04:06
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04:04 AM EST, 01/08/2026 (MT Newswires) -- ECR Minerals (ECR.L) conditionally raised 1.5 million pounds sterling via a share placement offer, according to a Thursday release. The London-listed exploration and development company issued 576,923,068 shares for 0.0026 pound apiece. Proceeds will be used to further its Blue Mountain gold, Lolworth gold-silver-lead-rare earth elements, and Bailieston gold mining projects in Australia, as well as working capital purposes. Admission of the shares on the AIM segment of the London bourse is expected on Jan. 15.