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Pin to quick picksEurasia Mining Share News (EUA)

Share Price Information for Eurasia Mining (EUA)

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Share Price: 1.45
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TRADING UPDATES: AEW UK REIT appoints new chair; Oberon raises money

Tue, 19th Sep 2023 17:30

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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AEW UK REIT PLC - London-based real estate investment trust for UK regional commercial property - Appoints Robin Archibald to board from October 1. He will replace outgoing Chair Mark Burton at the 2024 annual general meeting. The company's last AGM was on September 14. Archibald is the former head of corporate finance and broking at Winterflood Investment Trusts and was chair of Albion Technology Venture Capital Trust. Archibald joins the board alongside Liz Peace, who joins as non-executive director on October 1. Peace was a "key player" in the creation of Farnborough, Hampshire-based defence technology company QinetiQ PLC in 2001 and was chief executive officer of the British Property Federation, where she played a "significant" role in the creation of the UK's Real Estate Investment Trust structure.

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Barkby Group PLC - investor in roadside property and in consumer and life sciences companies - Notes that subsidiary Cambridge Sleep Sciences grants five-year global license to Mammoth International Ltd, enabling it to manufacture a Smart Mattress via CSS's SleepEngine platform. Under the contract, Mammoth will pay CSS a royalty of GBP75 per single mattress and GBP150 per double mattress it produces. CSS CEO Julian Stone says: "We're delighted to be working with Mammoth, helping it to enhance its product range with a new Smart Mattress. Mammoth has strong credentials, particularly in specialist health and sport mattresses and our technology is a natural extension of their design ethos." Company adds that CSS is in advanced negotiations with "several household names" on several multi-year enterprise licensing deals for its SleepEngine technology.

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Bivictrix Therapeutics PLC - biotechnology company focusing on cancer therapies - In the first half of 2023, pretax loss narrows to GBP1.4 million from GBP1.6 million a year prior, with the loss being the same as operating costs for both periods. Looking ahead, Chief Executive Officer Tiffany Thorn says: "I am very encouraged by the growth we have made towards future-proofing the company, supported by notable progress towards moving our lead asset, BVX001, towards the clinic and broadened internal capabilities and know-how." After BVX001 has received a patent in the US for broad protection until 2039, the company is eyeing a further granted patent in Japan in the next weeks.

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Eurasia Mining PLC - London-headquartered, mining and mineral exploration company formerly focused on Russia - Pretax loss in the six months to June 30 widens to GBP7.4 million from GBP7.2 million a year prior, as loss classified as "other" increases to GBP6.4 million from GBP2.8 million. Notes that the first half of 2023 was mostly focused on selling its Russian assets. Chair Christian Schaffalitzky says: "We recognise that, in relation to the potential asset sale, it may be a source of frustration for shareholders that we cannot report on specific counterparties, the nature of our discussions, and the ongoing processes in more detail. This reflects the regulatory regime and the many confidentiality agreements that govern this activity. However, although there can be no guarantees, all the Eurasia board members are engaged in contributing towards a successful outcome to this process, and we look forward to providing our shareholders with further updates as appropriate."

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Goldstone Resources Ltd - Ghana-focused gold producer and explorer - Expects to release 2022 results in the next 2 to 3 weeks, with the audit process taking longer than expected due to Moore Stephens Audit & Assurance Jersey Ltd needing time to on-board the company and its Ghanaian subsidiary. Moore Stephens has been Goldstone's auditor since June. Further, Goldstone says it is in discussions with Asia Investment Management Services Ltd to seek an appropriate extension to its secured gold loan facility which is due to mature on September 30. Regarding results for the first half of 2023 which are due at the end of the month, the company aims to release them shortly after publishing its 2022 results.

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Oberon Investments Group PLC - investment management, wealth planning and corporate broking group - Raises GBP2.5 million via conditional placing of 69.4 million shares at 3.6 pence each. Proceeds will be used to support expansion of the company's key business divisions, and the expected appointment of new revenue generating teams to speed up growth across Oberon. Placing of the shares is conditional on approval from shareholders at the annual general meeting on Thursday. Looking ahead, CEO Simon McGivern says: "Oberon is anticipating considerable growth in 2023 and beyond, which will be bolstered by this placing. We warmly welcome our new institutional investors, alongside the continued support from our existing investor base." Further, company announces retail offer to raise up to GBP500,000 via the Winterflood Retail Access Platform, via issuing 13.9 million shares at 3.6p each.

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By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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Eurasia Mining Gets Russian Approval For Expanded Multi-Site Reserves

LONDON (Alliance News) - Eurasia Mining PLC Monday said it has received state approval for expanded multi-site reserves at its West Kytlim site at the Ural mountains in Russia. The platinum group metals and gold exploration and development company, with operations in eastern Russia, said th

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Thursday broker round-up UPDATE

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Sector movers: Fresnillo leads miners lower

Mining stocks were under heavy selling pressure on Friday afternoon as the sector pulls back after a decent performance over the past month. Even including today's 1.05% average drop, mining stocks have jumped around 10% over the last 30 days. Precious metals miner Fresnillo was hammered today, le

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4 Jan 2013 11:30

Eurasia Mining extends Monchetundra licence in Russia

Eurasia Mining said Friday its Monchetundra exploration licence for palladium mineralisation in the Kola Peninsula in Russia has been extended for another year. The company also hopes to apply for another production licence when it expires in December. Eurasia has identified platinum group metals

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23 Nov 2012 08:24

London open: Footsie unchanged as another quiet day expected

UK stocks was broadly unchanged on Friday morning in anticipation of another quiet day on markets with Wall Street only open for half a session following Thanksgiving yesterday. "European headline shares opened tentatively today as investors remained apprehensive towards risk-on assets in the face

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23 Nov 2012 07:56

Eurasia Mining confirms extension of licence at West Kytlim

Eurasia Mining has confirmed the extension of its exploration licence at West Kytlim covering the Tylai-Kosvinsky Placer in the Urals Region of Russia. The permit has been extended for another two years until the end of December 2014 as the company believes further exploration is required in sever

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27 Sep 2012 09:05

Resources round-up: Astar Minerals, Nostra Terra, Eurasia Mining

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Sector movers: Miners dragged lower by updates and metals prices

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Eurasia Mining losses grow

Platinum minerEurasia Mining reported increased losses for the half year to 30 June. Pre-tax losses increased from over the same period the previous year from £187m to £389m. Chairman Michael Martineau said: "Over the last six months, progress has been made at Eurasia's West Kytlim alluvial plat

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