Eastern Metals (ASX:EMS), soon to be renamed Raptor Metals (ASX:RAP), has recommenced trading on the Australian Securities Exchange following its acquisition of Raptor Resources.
The acquisition, which secures more than 90% of Raptor Resources' shares, marks a strategic shift into copper-focused exploration and provides the company with a premium portfolio of volcanogenic massive sulphide assets in New Brunswick's world-renowned Bathurst Mining Camp, a Tier-1 base metals jurisdiction.
Eastern Metals’ flagship Chester Project hosts a JORC-compliant mineral resource of 6.68 million tonnes at 1.092% copper, while the Turgeon Project offers high-potential early-stage exploration targets.
The company has raised $5 million at $0.02 per share to fund immediate drilling and exploration activities, supported by institutional, professional, and retail investors under lead manager Euroz Hartleys.