- Emmerson Resources (ERM) is in a trading halt, pending the release of a capital raising announcement
- The company will remain in the halt until July 2, or when the raising announcement is released — whichever occurs first
- Emmerson last entered a trading halt in mid-April in regards to a $2 million placement and a strategic alliance with NT Bullion for the Tennant Creek Project
- Company shares last traded for 10.5 cents each in a $44.60 million market cap
Emmerson Resources (ERM) is in a trading halt, pending the release of a capital raising announcement.
The company will remain in this trading halt until July 2 or when the raising announcement is released — whichever occurs first.
Recently, Emmerson completed diamond drilling at its Kiola project in NSW, and while results are pending, visible copper sulphide has been intersected in all holes.
On June 25, ERM said results from the program expected in late July and will help the company update the geological model and refine a drill campaign in the second half of the year.
Additionally, on June 24, Emmerson signed a strategic alliance with Longreach Mineral Exploration to implement its new technologies across copper and gold discoveries.
These technologies include machine learning and seismic geophysics.
Emmerson last entered a trading halt in mid-April with regards to a $2 million placement and a strategic alliance with NT Bullion for the Tennant Creek Project in the Northern Territory.
Company shares last traded for 10.5 cents each on June 30 in a $44.60 million market cap.