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Eagle Mountain Nears Oracle Ridge JV Deal with Nittetsu After Due Diligence
10:32am on Monday 9th of February, 2026 AEDT
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Mining
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Eagle Mountain Nears Oracle Ridge JV Deal with Nittetsu After Due Diligence
10:32am on Monday 9th of February, 2026 AEDT
Key Points
Nittetsu completes due diligence and begins legal documentation for Oracle Ridge JV
Binding agreements anticipated by April 2026, pending Nittetsu board approval
Nittetsu to fund US$20 million in JV expenditures including debt repayment and mine acquisition
Eagle Mountain retains 20% interest, free-carried until Nittetsu’s contributions reach US$20 million
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