Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksUru Metals Share News (URU)

Share Price Information for Uru Metals (URU)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 50.00
Bid: 40.00
Ask: 60.00
Change: 0.00 (0.00%)
Spread: 20.00 (50.00%)
Open: 50.00
High: 50.00
Low: 50.00
Prev. Close: 50.00
URU Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: Amaroq strikes gold; Power Metal completes drilling

Tue, 07th Feb 2023 14:45

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

----------

Uru Metals Ltd - Toronto-based investor and mine project developer - Announces identification of higher-grade nickel mineralised zone at Zeb project, South Africa, by 75% held Zeb Nickel Corp. Says deeper holes revealed higher grade nickel at the base of its historical resource estimate, an area historical drilling stopped short of testing. Notes further drilling may lead to higher grade nickel intersections and an overall grade increase.

----------

Amaroq Minerals Ltd - Greenland-focused mine development company - Says it has intersected gold in all completed drill holes, including 1.9 metres at 1.58 grammes of gold per tonne and 2 metres at 0.84 grammes of gold. Says drill holes indicate an intrusion related gold mineralisation system associated with a large tonnage target. Notes surface sampling results at East Ridge, 2 kilometres southwest, include visible gold observed in quartz veins. "The results are a positive step towards realising the potential of Vagar Ridge, a target with a broad-spanning surface footprint, which we believe holds significant resource. We plan to deploy the same exploration strategy of carefully targeted scout drilling and geological modelling that we have successfully implemented at our cornerstone Nalunaq project, which will improve confidence ahead of more intensive resource drilling," Chief Executive Officer Eldur Olafsson comments.

----------

Berkeley Energia Ltd - Clean energy company focused on bringing wholly owned Salamanca project in Spain into production - Receives notification from Spanish Ministry for Ecological Transition and the Demographic Challenge that it has rejected Berkeley's administrative appeal against MITECO's rejection of Authorisation for Construction for the uranium concentrate plant as a radioactive facility at the Salamanca project. MITECO rejected the Authorisation for Construction in 2021, which Berkeley says was done without following legally established procedure.

----------

Power Metal Resources PLC - London-based exploration company focusing on global metal discoveries -

Completes 2,404 metre diamond drilling programme at Molopo Farms project. Says inaugural drillhole was drilled to a depth of 483 metres, while deepest was 650 metres. Notes total drilling programme was made up of five drillholes. Says it is completing detailed logging of its remaining cores, and is processing and shipping remaining samples for assay testing. Chief Executive Officer Paul Johnson says: "Completion of this drill programme represents an important step forward for Power Metal and my thanks go out to the operational teams for a job well done. This exercise required some flexibility, with teams mobilising to multiple locations, requiring rapid adaptation to the changing technical demands on an iterative basis."

----------

By Harvey Dorset, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
22 Aug 2018 17:26

URU Metals No Longer Negotiating Terms For Lithium Project

LONDON (Alliance News) - URU Metals Ltd said Wednesday it is no longer negotiating terms to acquire any lithium projects.Back in June the mining company said it was in the final negotiation

Read more
16 Mar 2018 15:14

URU Metals Announces New Drilling Results For Zebediela Project

LONDON (Alliance News) - URU Metals Ltd said Friday new drilling results have revealed further platinum-nickel-copper mineralisation within its Zebediela Project in in the of

Read more
12 Mar 2018 12:06

URU Metals Appoints New Non-Executive Director And Nominated Advisor

LONDON (Alliance News) - AIM-listed mineral exploration firm URU Metals Ltd said Monday it appointed Kyle Appleby as non-executive director following a resignation as SP Angel

Read more
9 Jan 2017 15:27

URU Metals raises £0.77m in placing

(ShareCast News) - Base metals and uranium exploration and development company URU Metals announced on Monday that it has raised £0.77m from institutional and other investors through a placing of 171,111,110 new ordinary shares at 0.45p per share. The AIM-traded firm said the placing proceeds will b

Read more
23 Dec 2016 11:31

URU Metals reports on lacklustre first half

(ShareCast News) - Multi-commodity exploration and development company URU Metals announced its interim results for the six months to 30 September - a period in which the equity market for the mining industry has showed signs of improvement, the board said. The AIM-traded firm indicated that no sign

Read more
23 Dec 2016 09:23

Uru Metals Books Narrowed Loss And Optimistic On Nickel Prospects

Read more
22 Nov 2016 14:48

URU Metals' shares slide as it raises £640,000

(ShareCast News) - Shares in URU Metals are down almost 14% as it raised £640,000 at 0.4p a share to progress the work programme at its Zebediela Nickel Project. This work would include drill testing potential extensions of nickel mineralisation, infill drilling, metallurgical studies and the comple

Read more
22 Nov 2016 09:38

URU Metals Raises GBP640,000 In Discount Large Placing (ALLISS)

Read more
21 Nov 2016 10:06

URU Metals Appoints CEO To Board As Shareholder NWT's Representative

Read more
1 Nov 2016 10:29

WINNERS & LOSERS SUMMARY: Standard Chartered Sold As Profit Misses

Read more
7 Oct 2016 15:13

URU Metals stock sees mysterious surge

(ShareCast News) - URU Metals was forced to issue a statement on Friday, as its share price soared on the AIM market of the London Stock Exchange. The firm's stock steadily declined over the month to Wednesday, reaching a low of 0.28p, but in the last two days has more than doubled. Quite why was a

Read more
31 Dec 2015 10:26

WINNERS & LOSERS SUMMARY: Ocado Still Suffering From Amazon Threat

Read more
31 Dec 2015 07:48

URU Metals Pretax Loss Widens During "Difficult" First Half

Read more
30 Oct 2015 17:19

URU Metals Raises GBP400,000 In Share Placing (ALLISS)

Read more
30 Sep 2015 14:19

URU Metals First Half Loss Widens On Impairments, Higher Costs

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.