Eagle Mountain Mining

SPECIAL REPORT: Four years after exiting the iron ore sector near the top of the boom, Charlie Bass has teamed up with a pair of experienced company directors for a new mining float.

Three local junior explorers have raised more than $21 million, with Draig Resources and Triton Minerals boosting their coffers while the Charlie Bass-led Eagle Mountain Mining has commenced trading on the ASX after raising $8 million via an initial public offering.

Mining and technology entrepreneur Charlie Bass has flagged six industries, including medicine, agriculture and the arts, that offer Western Australia the opportunity to forge a more sustainable economy.

Tim Mason will replace Charlie Bass as the chief executive of Eagle Mountain Mining in January, amid the copper-gold explorer’s share price nearly halving in the space of just over a year.

Eagle Mountain Mining has announced plans to add to its tenements in Arizona, with a proposal to acquire 80 per cent of the Oracle Ridge copper mine.

Surveying firm Veris has made a number of changes to its board, including Adam Lamond stepping out as managing director, as it deals with the impacts of the coronavirus pandemic.

Western Australia’s Eagle Mountain Mining and 92 Energy have each announced capital raisings and will use the proceeds to explore their North American projects.