MoneyAM MoneyAM
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Research   Share Price   Awards   Indices   Market Scan   Company Zone   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Stock Screener   Forward Diary   Forex Prices   Director Deals   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Videos   Comparison Tables   Spread Betting   Broker Notes   Shares Magazine 
You are NOT currently logged in

 
Filter Criteria  
Epic: Keywords: 
From: Time:  (hh:mm) RNS:  MonAM: 
To: Time:  (hh:mm)
Please Note - Streaming News is only available to subscribers to the Active Level and above
 


IN BRIEF: Mila to exercise options for exploration licences from EMX

ALN

Mila Resources PLC - London-based post-discovery gold exploration firm - Exercises option with EMX Royalty Corp to acquire 100% interest in exploration licenses at the Yarrol, Mount Steadman and Mount Weary projects. To pay £110,000 in new shares to exercise the option, with shares subject to a 12-month lock-up. Agreement includes additional consideration payable to EMX if Mila’s share price exceeds 1.0 pence for more than 12 continuous trading days, which it has since September 25.

Chair Mark Stephenson says: ‘We are pleased to acquire the Queensland licence package from EMX. The encouraging results from our technical team at Yarrol, Mount Steadman and Mount Weary have given us the confidence to exercise the option now and take full ownership. With this in place, we can move ahead with greater flexibility and focus, accelerating our plans to unlock the region’s significant gold potential. We believe these projects can deliver substantial value for the Company and we look forward to announcing drilling results from Yarrol in the coming weeks.’

Current share price: 1.85 pence, closed up 19% on Monday

12-month change: more than tripled

Copyright 2025 Alliance News Ltd. All Rights Reserved.