Eagle Mountain Mining's Loan Repayment Deferral Announcement

Eagle Mountain Mining Limited (ASX:EM2) has announced the deferral of a A$3 million unsecured loan repayment to Metech Super Pty Ltd, an entity associated with Mr Charles Bass. The loan, originally due to mature on 31 December 2024, will now have a revised maturity date of 31 December 2025. Interest accrued to 30 September 2024 is proposed to be satisfied through the issue of fully paid ordinary shares in Eagle Mountain Mining Limited, subject to shareholder approval.

Eagle Mountain Chairman's Statement on Loan Deferral

The Directors and the CEO sincerely thank Mr Bass for his ongoing financial support and belief in the Company by deferring the loan repayment date and accepting shares in Eagle Mountain Mining in lieu of interest. This deferral supports the Company's plans to advance exploration at Silver Mountain following the discovery of geophysical anomalies which are indicators of porphyry intrusions. In addition, the strategic review of Oracle Ridge, being conducted by Argonaut is progressing well. This review aims to build shareholder value to support ongoing exploration and ongoing studies. Mr Bass continues to show strong support for the Company and we thank him for his ongoing contributions.

Summary of Eagle Mountain Mining's Loan Repayment Deferral

Eagle Mountain Mining Limited (ASX:EM2) has successfully negotiated the deferral of a A$3 million unsecured loan repayment to Metech Super Pty Ltd, associated with Mr Charles Bass, to 31 December 2025. The Company plans to satisfy the interest accrued through the issue of fully paid ordinary shares in Eagle Mountain Mining Limited, subject to shareholder approval. The deferral supports the Company's exploration plans at Silver Mountain and the strategic review of Oracle Ridge, aiming to build shareholder value. Shareholder approval for the proposed share issue will be sought at the upcoming AGM. Eagle Mountain Mining remains focused on the strategic exploration and development of the Oracle Ridge Copper Mine and the Silver Mountain project in Arizona, USA.