What is the core transaction completed by Eminence Minerals?

Eminence Minerals Limited (ASX:EMA) has successfully completed the sale of its 100% owned Mata da Corda Project located in Minas Gerais State, Brazil.

What is the final financial impact on the Eminence Minerals cash position?

Eminence Minerals (ASX:EMA) increased its pro-forma cash position to approximately $5.4 million following the transaction. This total includes $2.9 million in proceeds from the project sale alongside a recent $2.5 million capital raising.

How did the market react to the Eminence Minerals announcement?

Following the asset divestment announcement, the Eminence Minerals (ASX:EMA) share price remained unchanged at $0.043.

How does Eminence Minerals plan to use the new funds?

Eminence Minerals (ASX:EMA) stated that the inbound US$2 million will be used as non-dilutive funding to enhance financial flexibility.

What geographic asset did Eminence Minerals divest?

Eminence Minerals (ASX:EMA) divested its 100% stake in the Mata da Corda Project, which is situated in the Minas Gerais State of Brazil. The transaction concludes the company's direct ownership of this specific Brazilian exploration asset.

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Eminence Minerals completes project sale for US$2M

Written by Liezl GambePublished Jul 14, 2026, 5:07 AM

Eminence Minerals has completed the sale of its 100% owned Mata da Corda Project in Brazil.
The transaction increases the company's pro-forma cash position to approximately $5.4 million.
The divestment aims to provide non-dilutive funding to support priority exploration assets and growth opportunities.

Eminence Minerals (ASX:EMA) has finalised the sale of its total stake in the Mata da Corda Project in Brazil for a cash payment of US$2 million.

The transaction follows a binding asset sale agreement announced on July 6, which required all conditions precedent to be satisfied before completion.

"The completion of this transaction represents another important milestone for Eminence," said Eminence CEO Anthony Hills.

The final payment consists of approximately $2.5 million in capital raising to strengthen the corporate balance sheet.

Following the announcement, the Eminence Minerals share price was unchanged at $0.043.

The company stated that the inbound funds will be used to enhance financial flexibility while continuing to advance its primary exploration assets.

The broader corporate strategy focuses on portfolio optimisation and the direct evaluation of additional mineral growth opportunities.

Eminence Minerals completes project sale for US$2M

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