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Eagle Mountain and Nittetsu Cement Oracle Ridge JV with $28 Million Funding Commitment

8:42am on Tuesday 21st of April, 2026 AEST Mining
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Eagle Mountain and Nittetsu Cement Oracle Ridge JV with $28 Million Funding Commitment

8:42am on Tuesday 21st of April, 2026 AEST
Key Points
  • Nittetsu acquires 80% stake, Eagle Mountain retains 20% free-carried
  • US$20 million funding to cover exploration, debt repayment, and mine acquisition
  • 6,000m drilling and geophysical surveys planned to explore resource extensions
  • Nittetsu holds 100% offtake rights and manages the joint venture
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