Eagle Mountain Mining Limited
EGMMF
Other OTC0.01
USD
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Eagle Mountain Mining Limited
EGMMF
(Other OTC)
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ROIC.AI
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- Eagle Mountain Mining Limited (ASX:EM2; OTC:EGMMF) explores for copper, gold, silver, base metals and porphyry copper deposits in Arizona, USA; it holds 100% interests in the Silver Mountain Project, a greenfields exploration asset spanning over 28 square kilometers northwest of Phoenix with multiple high-grade polymetallic vein targets including up to 11.1% Cu, 10.7g/t Au and 251g/t Ag at Scarlett prospect alongside porphyry-style indicators confirmed by recent geophysics and only 15 historical drill holes completed, and the Wedgetail Project covering over 20 square kilometers near Tucson featuring outcropping high-grade copper mineralization up to 9.15% Cu over 3.5 kilometers at OREX, strategic positioning adjacent to the historical Oracle Ridge copper mine, a tailings storage facility and potential cashflow from repurposing approximately 1 million tonnes of existing tailings as aggregates, additives and fillers with Phase III study underway for Q2 2025 results and eight potential buyers identified. The company, founded in 2017 and headquartered at 52 Ord Street, Perth, Australia, operates solely in the United States with a focus on the Laramide Arc and metallogenic belts prospective for world-class deposits like Bagdad and Morenci. Recent developments include a February 2025 recapitalization raising circa A$5.9 million to reduce debt and fund exploration pivoting to Silver Mountain and Wedgetail while evaluating new opportunities and seeking a joint venture partner for Scarlett drilling; a November 2025 placement raising A$1.66 million at A$0.009 per share supported by sophisticated investors alongside a A$1.9 million non-renounceable entitlement offer; completion of the US$325,000 Cochise patented claim acquisition in 2024 providing critical access, infrastructure and water rights linking Wedgetail to Oracle Ridge tailings; and ongoing tailings repurposing studies plus geophysical programs strengthening porphyry potential at Silver Mountain with large undrilled seismic and magnetic anomalies.
Eagle Mountain Mining intersects high-grade zones with veins carrying abundant copper sulphides
Eagle Mountain Mining raises A$11 million to accelerate Oracle Ridge Copper Mine work