29th Nov 2024 15:04
ECR Minerals PLC - gold-focused exploration and development company - Enters into a collaboration agreement with James Cook University in Queensland in Australia to explore the potential for rare earth elements at its Lolworth project area in Queensland. Funding is yet to be approved by the Trailblazer Steering Committee, after which all data generated by JCU will be shared with ECR.
Managing Director Mike Whitlow says: "This partnership, which is fully funded by JCU, not only underscores the growing interest in the Lolworth Project region, but also expands our technical understanding of a fast-emerging area of interest. Combined with our existing collaboration with the Geological Survey of Queensland, this initiative places ECR in a stronger position to potentially unlock the Lolworth's rare earth elements potential and create significant shareholder value."
Current stock price: 0.31 pence, down 1.6% in London on Friday afternoon
12-month change: up 29%
By Emily Parsons, Alliance News reporter
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