(Alliance News) - Eurasia Mining PLC on Tuesday said it has been awarded a licence at the Monchetundra Flanks base metal and platinum group metals asset in Russia.
Eurasia explained it was given final approval by regional body SevZapNedra. It follows consent by the Russian Ministry of Defence which was secured back in December.
"The directors are encouraged with the approval of Monchetundra Flanks licence, an important milestone for the company. Further announcements will be made in due course," Executive Chair Christian Schaffalitzky said.
Shares in Eurasia were 7.8% higher at 27.50 pence each in London on Tuesday morning.
By Eric Cunha; firstname.lastname@example.org
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