URU Metals Ltd. (DI) (URU)

Sector:

Mining

Index:

FTSE AIM All-Share

 50.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 150.00
  • 52 Week Low: 42.50
  • Currency: UK Pounds
  • Shares Issued: 1.65m
  • Volume: 0
  • Market Cap: £0.82m
  • RiskGrade: 364

URU begins approval process for Piet Potgietersrust property

By Josh White

Date: Monday 20 Sep 2021

LONDON (ShareCast) - (Sharecast News) - URU Metals announced on Monday that its appointed environmental consultant, Tshifcor Investment and Resources, has started an environmental impact assessment and a public participation process to support the application for a prospecting right over 10 portions of the Piet Potgietersrust Town and Townlands '44 KS' farm in the South African province of Limpopo, totalling 246 hectares.
The AIM-traded firm said a number of activities would take place this week, with the first being the booking of advertisements in the local community newspaper notifying interested and affected parties of the prospecting right application, as well as the erection of site notices.

It said site visits would be conducted by Tshifcor, while a background information document would be distributed to identified interested and affected parties, as well as relevant South African government departments.

A draft background information document would also be placed on Tshifcor's website for review and comment by stakeholders.

URU said those activities were required in order for the company to complete the environmental impact assessment for the prospecting right application, which would allow the South African Department of Mineral Resources to grant the prospecting right.

In addition, URU said it had agreed with Boothbay Absolute Return Strategies to extend and amend the notice period relating to the convertible loan note, first announced on 26 May 2020, until 31 March 2022.

All other terms relating to the loan note would remain the same.

"We are excited to be moving forward with the prospecting right approval process," said chief executive officer John Zorbas.

"Being the adjoining property to the Zebediela nickel property, owned by Zeb Nickel Corporation, increases the exposure of URU to the massive nickel sulphide and platinum group elements (PGE) exploration potential on the Northern Limb of the Bushveld Complex.

"Subject to the approval of the prospecting right application by the South African Department of Mineral Resources, we look forward to fast-tracking the exploration of this project in order to quickly understand any economic potential the ground may hold."

At 0803 BST, shares in URU Metals were down 5.38% at 302.8p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

URU Market Data

Currency UK Pounds
Share Price 50.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 150.00
52 Week Low 42.50
Volume 0
Shares Issued 1.65m
Market Cap £0.82m
RiskGrade 364

URU Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
64.02% above the market average64.02% above the market average64.02% above the market average64.02% above the market average64.02% above the market average
77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average
Price Trend
90.97% below the market average90.97% below the market average90.97% below the market average90.97% below the market average90.97% below the market average
68.42% below the sector average68.42% below the sector average68.42% below the sector average68.42% below the sector average68.42% below the sector average
Income Not Available
Growth Not Available

URU Dividends

No dividends found

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

URU Key Personnel

CEO John Zorbas

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