In a recent development, the directors of ECR Minerals have showcased their dedication to the company’s future by extending their salary sacrifice through the end of June. This move not only underscores their confidence in the company’s prospects but also aligns their interests more closely with those of the shareholders.

ECR Directors’ Extended Salary Sacrifice

The directors of ECR Minerals have agreed to continue their salary sacrifice, extending the previous arrangement to the end of June. This decision was made to preserve the company’s cash flow, ensuring resources are allocated efficiently, particularly towards exploration and development activities.

No Pay Rise, Just Commitment

Contrary to what some may think, this extension does not equate to a pay rise for the directors. Instead, it represents an increase in the period of sacrifice, from the initial £10,000 to £13,000, due to the extension’s longer duration. This move has actually resulted in a slight decrease in board costs, further demonstrating the directors’ commitment to the company’s well-being.

Aligning Interests with Shareholders

All senior management and board members, including the chairman and non-executive directors, participate in a remuneration scheme that compensates them with shares, aligning their interests with those of the shareholders. This approach encourages a focus on the company’s performance and long-term success.

Advancements and Excitement at Keswick and Blue Mountain

ECR Minerals is making significant progress in its exploration endeavors, particularly at Keswick and the newly highlighted Blue Mountain project. Recent drilling programs have revealed promising results, suggesting the presence of broader gold structures than previously thought. The renewed interest in Blue Mountain, highlighted by a recent video showcasing visible gold, points to potential near-term production opportunities, warranting further exploration.

Future Outlook and Continued Exploration

With the directors’ renewed commitment and the promising exploration results, ECR Minerals is well-positioned for future success. The company plans to continue its exploration activities, focusing on unlocking the full potential of its projects and delivering value to its shareholders.