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Eagle Mountain Strikes $30M JV Deal to Revive Oracle Ridge Copper Mine
2:14pm on Wednesday 5th of November, 2025 AEDT
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Mining
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Eagle Mountain Strikes $30M JV Deal to Revive Oracle Ridge Copper Mine
2:14pm on Wednesday 5th of November, 2025 AEDT
Key Points
Nittetsu proposes earning 80% JV stake via US$20 million investment over four years
Eagle Mountain free-carried until Nittetsu’s contributions reach US$20 million
Nittetsu to manage JV and hold exclusive off-take rights
Binding agreement expected early 2026 after due diligence and approvals
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