Eagle Mountain Mining Ltd. (AU:EM2) has released an update.
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Eagle Mountain Mining Ltd. has announced a strategic pivot, choosing not to extend mineral rights at Oracle Ridge due to high costs, while maintaining other valuable assets in the area. The company is shifting its focus to the promising Silver Mountain and Wedgetail Projects amid challenging market conditions for junior copper explorers. Efforts to cut costs and enhance portfolio strength are underway, with management expressing confidence in the long-term copper market outlook.
For further insights into AU:EM2 stock, check out TipRanks’ Stock Analysis page.
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