Australia's Eagle Mountain Mining soars on premium placement

Eagle Mountain Mining

11/11/2025 04:01

** Shares of Eagle Mountain Mining EM2.AX rise as much as 50% to A$0.012, their highest level since September 30

** Stock set for strongest trading session since mid-October, if current gains hold

** Precious metal explorer to raise A$1.66 million ($1.08 million) via placement

** Issue price of A$0.009 per share represents a 12.5% premium to stock's last close

** Proceeds will be used for exploration at Silver Mountain gold project in the U.S. and general working capital, among others -co

** YTD, shares up 11.1%, including day's moves

($1 = 1.5389 Australian dollars)

(Reporting by Aamir Shaik Khalid in Bengaluru)

((aamir.sheikkhalid@thomsonreuters.com;))