Eagle Mountain's strategic acquisition

Eagle Mountain Mining (ASX:EM2) has successfully acquired the Cochise patented claim at the Wedgetail Project in Arizona for US$325,000. This acquisition enhances strategic access between key operational sites and includes valuable water rights.

Eagle Mountain's strategic expansion

Eagle Mountain Mining has acquired the Cochise land package in Arizona, strategically positioned between the Oracle Ridge mine and tailings storage facility. This purchase, completed for US$325,000, includes a secured seller's loan to be repaid over five years, avoiding future lease payments. Although the company does not currently hold mineral rights, the land will support exploration activities. The acquisition solidifies the company's operational framework at the Wedgetail Project, aligning with its strategic goals to expand its resource base and ensure sustainable development. This move marks a significant step in Eagle Mountain's commitment to developing its Arizona projects.

Executive insights on acquisition

This acquisition is a key milestone that will contribute to the long-term success and sustainability of the Wedgetail Project.