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Eastern Metals Raises Millions, CEO Departs Amid Acquisition Talks

4:00am on Monday 2nd of June, 2025 AEST Mining
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Eastern Metals Raises Millions, CEO Departs Amid Acquisition Talks

4:00am on Monday 2nd of June, 2025 AEST
Key Points
  • No exploration activities conducted during March quarter
  • CEO Ley Kingdom resigns effective May 2, 2025
  • Initial placement secured to raise A$250,000 with plans for a subsequent A$3-4 million raise
  • Entered non-binding term sheet to acquire Raptor Resources Limited
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