EM2 – Eagle Mountain Mining Limited

RENOUNCEABLE ENTITLEMENT ISSUE TO RAISE A$6.4 MILLION​

• Eagle Mountain Mining Limited is pivoting its activities towards exploration.
• The Company is to undertake a Renounceable Entitlement Issue to raise up to a total of A$6.4 million to reduce debt, review new opportunities and fund exploration activities.
• The Renounceable Entitlement Issue is to be underwritten to A$5.77 million being 90% of the total issue being made available to the Company’s circa 2,000 shareholders.
• The Offer is strongly supported by the Managing Director and major shareholder Charles Bass committing A$3.0m of subordinated sub-underwriting, Non-Executive Chairman Rick Crabb committing $150,000 of general sub-underwriting and Non-Executive Director Roger Port committing to take up his full entitlement.
• Board and Management changes to reflect the pivot to exploration with Mr Fabio Vergara taking on the role of Executive Director, effective 31 January 2025. All current Directors will waive their Director fees commencing 1 December 2024 until further notice to ensure that the Company runs leanly with its exploration focus.

Eagle Mountain Mining Limited is pleased to announce that it is to undertake a partially underwritten, renounceable entitlement issue of two (2) new fully paid ordinary shares for every one (1) existing share held by Eligible Shareholders at an issue price of A$0.008 per New Share. plus oppies

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