Business
£1.5 million placing & appointment of Joint Broker
ECR Minerals PLC has successfully raised £1.5 million through a placing of 576,923,068 new ordinary shares at 0.26 pence per share, with the proceeds intended to accelerate production and exploration strategies in Queensland and Victoria, including advancing the Blue Mountain and Raglan gold projects, exploring the Lolworth Project for gold and silver, investigating critical minerals at Lolworth, and developing the Bailieston Project for gold and antimony. The company also announced the appointment of OAK Securities as a Joint Broker, with their fees for the first year to be settled in 23,076,923 new ordinary shares. This fundraising, along with expected initial gold production this month and significant tax losses, positions ECR Minerals to be funded well beyond 2026. Disclaimer*
About this update from Ecr Minerals Plc
[{"type":"text","content":"\n\n\n \n \n\nTHIS ANNOUNCEMENT AND THE INFORMATION IN IT IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN, NEW ZEALAND, SINGAPORE OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014 (WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"EUWA\")) (\"UK MAR\"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN UK MAR) WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED WITHIN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF INSIDE INFORMATION (AS DEFINED UNDER UK MAR). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THOSE PERSONS WHO RECEIVED INSIDE INFORMATION IN A MARKET SOUNDING ARE NO LONGER IN POSSESSION OF SUCH INSIDE INFORMATION, WHICH IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n8 January 2026\n \nECR MINERALS PLC\n \n(\"ECR Minerals\", \"ECR\" or the \"Company\")\n \nPlacing to raise £1.5 million\nand\nAppointment of Joint Broker\n \nInstitutional support positions ECR for next stage of growth\n \nECR Minerals plc (LON: ECR), the gold exploration and development company focused on Australia, announces that it has conditionally raised £1.5 million (before expenses) by way of a placing with institutional and other investors (the \"Fundraising\") for a total of 576,923,068 new ordinary shares of 0.001 pence each in the Company (\"Ordinary Shares\") at a price of 0.26 pence per new Ordinary Share (the \"Issue Price\").\n \nThe Fundraising marks an important milestone for ECR, providing the Company with the capital strength to accelerate its production and exploration strategy across Queensland and Victoria. With initial gold production at Raglan expected this month and development underway at Blue Mountain, the Board considers that ECR is now positioned to transition into a multi-project gold producer and explorer.\n \nThe Directors intend that the majority of the net proceeds of the Fundraising will be used to advan...