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Eurasia Mining Information
Share Price Information for Eurasia Mining (EUA)
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Share Price:
2.775
Bid:
2.70
Ask:
2.85
Change:
-0.025 (-0.89%)
Spread:
0.15 (5.556%)
Open:
2.80
High:
2.875
Low:
2.60
Prev. Close:
2.80
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Don't have an account? Click here to register.Eurasia Mining spin-off seeks $2.2m
Mon, 14th Mar 2011 18:23
AIM-quoted Eurasia Mining is placing a 55% stake in the Kamushanovskoye uranium project in Kyrgyzstan into Energy Resources Asia (ERA), which it owns jointly with Afrasia Mining & Energy Investment Holdings. Optiva Securities is raising $2.2m for ERA so this will dilute Eurasia's shareholding. The fundraising will provide the cash to acquire the project and make progress with it. Eurasia has already paid $150,000 and ERA will have to pay a further $850,000 to gain a 10% stake in the Kyrgyzstan project. A further payment of $50,000 plus 12 instalments of $10,000 each will pay for a further 45% stake. ERA will refund Eurasia the $150,000 payment when it completes its fundraising by the end of March. Eurasia should retain a 39% stake in ERA and will provide management support. Afrasia will own 32% of ERA and it intends to transfer ownership of its subsidiary NuRanium to ERA, which will provide a further pipeline of potential projects.
More News
3 Nov 2016 09:24
Eurasia Mining capitalises on Sino-Russian relations
(ShareCast News) - Russia's Eurasia Mining, has provided updates on its three projects, all with the common aim of gaining from Chinese custom. "Chinese firms are increasingly active in the Russian market in rare earths, PGM, base metals and precious metals. It was our intention to capitalise on thi
Read more15 Sep 2016 14:08
Rouble volatility a boon for Eurasia Mining
(ShareCast News) - Eurasia Mining posted its interim results for the six months to 30 June on Thursday, with zero revenue, against revenue of £3,640 in the six months to 30 June last year. The AIM-traded company had administrative costs during the period of £0.25m, down from £0.33m a year ago, and f
Read more9 Sep 2016 09:38
Eurasia Mining produces its first platinum concentrate
(ShareCast News) - Eurasia Mining, Russian based platinum group metal (PGM) and gold production and development company, has announced that it has produced its first platinum concentrate on Friday. The batch of raw platinum concentrate was produced at West Kytlim, Urals in Russia and is currently re
Read more31 Aug 2016 15:00
Eurasia Mining reports maiden reserve tailings calculations for Russian project
(ShareCast News) - Russia focused gold explorer Eurasia Mining reported a maiden reserve calculation at its Semonvsky tailing project, which is in partnerhsip with Metal Tiger. The AIM-listed company reported a calculation for the mine under the Russian system of reserves assessment standards. The
Read more23 Jun 2016 15:08