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Pin to quick picksEurasia Mining Share News (EUA)

Share Price Information for Eurasia Mining (EUA)

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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 Begins Operations At West Kytlim To Confirm Grades

LONDON (Alliance News) - Eurasia Mining PLC on Monday said it has started mining and to stockpile the ore, which will be "continuously sampled" to confirm the grades at the West Kytlim a

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29 Apr 2019 17:20

Eurasia Mining Set For Gravel Washing At West Kytlim In Next Fortnight

LONDON (Alliance News) - Eurasia Mining PLC said Monday it expects the first washing of gravels at its West Kytlim mine in Russia in the next two weeks after returning the wash-plant.The of

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18 Apr 2019 14:14

Eurasia Mining Raises GBP500,000 Through Share Placing (ALLISS)

LONDON (Alliance News) - Eurasia Mining PLC on Thursday said it has raised GBP500,000 to ramp up its Monchetundra and West Kytlim developments in Russia and to diversify its shareholder metals at

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26 Mar 2019 14:38

Eurasia Mining Signs Monchetundra Financing Contract With Sinosteel

LONDON (Alliance News) - Eurasia Mining PLC on Tuesday said has signed an engineering, procurement, and construction contract with Sinosteel Corp in order to advance its Monchetundra project in an

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28 Jan 2019 11:22

Eurasia Mining Agrees With Operator To Start Mining At West Kytlim

LONDON (Alliance News) - Eurasia Mining PLC on Monday said subsidiary Kosvinsky Kamen has agreed with Uralmetmash to carry out mining at the West Kytlim platinum, palladium and gold mine, located

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17 Dec 2018 09:38

Eurasia Mining to get exploration license for West Kytlim Flanks

(Sharecast News) - Palladium, platinum, iridium, rhodium and gold producing company Eurasia Mining announced on Monday that it has been officially informed that it would be granted an additional 71.1 square kilometre exploration license at its West Kytlim Open Pit Mine, in production in Russia's Ural Mountains.

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11 Dec 2018 10:11

Eurasia Mining Granted Mine Permit For Monchetundra Project

LONDON (Alliance News) - Gold and platinum miner Eurasia Mining PLC said on Tuesday it has been given the official license certificate regarding the mine permit for the Monechetundra project in on

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7 Dec 2018 11:47

Eurasia Mining To Pay One-Time Licence Fee For Monchetundra Mine

LONDON (Alliance News) - Eurasia Mining PLC said Friday it will have to pay a one-time licence fee of RUB20.8 million, or around GBP243,875, for its Monchetuntra mine, located in north-west gold 2

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5 Dec 2018 11:18

Eurasia Mining Secures Permit For Russian Platinum Mine

LONDON (Alliance News) - Eurasia Mining PLC on Wednesday said it has secured the mining permit for Monchetuntra platinum group metals and base metals mine located in north-west Russia.The 2

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5 Dec 2018 10:08

Eurasia Mining to press ahead with development at Monchetundra

(Sharecast News) - Eurasia Mining updated the market on its Monchetundra Mine Permit on Wednesday, publishing further details of the now fully-approved mine permit and the administrative steps following the final award in November.

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20 Nov 2018 18:15

Eurasia Mining Shares Rise On Mining Permit Approval From Russia

LONDON (Alliance News) - Eurasia Mining shares spiked Tuesday afternoon after the office of the Prime Minister of the Russian Federation approved the issue of a mining permit for the firm's in

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