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Pin to quick picksUru Metals Share News (URU)

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URU Metals H1 losses widen

Wed, 30th Dec 2020 08:24

(Sharecast News) - Exploration and development firm Uru Metals said on Wednesday that first-half losses had widened as a result of higher costs and the settlement of debts.
Uru posted a total loss of $1.63m for the six months ended September, significantly wider than the $230,000 recorded during the same period a year earlier, as administrative expenses rose to $302,000 and the group recognised a loss of $1.5m due to the settlement of certain debts.

Losses per share widened by a whole dollar to $1.34 each.

Cash balances increased from $66,000 to $223,000.

Chairman Jay Vieira said: "URU continues to believe that the long-term fundamentals of the base minerals industries remain positive and will be working hard in the coming year to unlock the value of our projects for our shareholders.

"The company maintains its core strategy to develop its nickel assets, as the Board anticipates growing demand and price appreciation for nickel in the short to medium term."

As of 1105 GMT, URU shares had sunk 11.96% to 202.50p.
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26 Feb 2024 12:14

IN BRIEF: Uru Metals shares drop by a quarter as chair resigns

Uru Metals Ltd - developer of Zebedelia nickel project in South Africa - Non-Executive Chair Jay Viera resigns immediately. No explanation is provided for Viera's sudden departure. "The board would like to take this opportunity to thank Mr Viera for his contribution to the company," Uru says. Non-Executive Director Kyle Appleby takes over as chair. Uru will hold its annual general meeting on March 22 in Toronto.

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2 Jan 2024 15:39

URU pushes repayment date on Boothbay convertible loan

(Sharecast News) - URU Metals has extended the repayment date for its convertible loan from Boothbay Absolute Return Strategies, it announced on Tuesday, to 28 February.

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2 Jan 2024 12:13

IN BRIEF: URU Metals extends repayment date for loan

URU Metals Ltd - mineral exploration and development company which counts Zebedelia nickel project in South Africa as "flagship" asset - Says repayment date for the convertible loan from Boothbay Absolute Return Strategies LP has been extended to February 28. Boothbay has also agreed that it will not convert sums due under the convertible loan note into ordinary shares of the company prior to January 31.

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27 Dec 2023 18:40

IN BRIEF: Uru Metals says nickel demand "continues to grow"

Uru Metals Ltd - mineral exploration and development company which counts Zebedelia nickel project in South Africa as "flagship" asset - Reports no revenue in half-year ended September 30, unchanged annually. Net loss narrows to USD374,000 from USD436,000 year-on-year. Administrative expenses decline 9.1% to USD396,000 from USD436,000 on-year. Says Zebedelia project remains "key venture" for firm, given its near-74% stake in Zeb Nickel Corp. "The demand for nickel, essential in lithium-ion batteries and the burgeoning electric vehicle market, continues to grow, highlighting the importance of our project," Uru adds.

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IN BRIEF: URU extends convertible loan note terms with Boothbay

URU Metals Ltd - Toronto headquartered, mineral exploration and development company - Agrees to extend the repayment date and long-stop date for conversion of the convertible loan notes held by Boothbay Absolute Return Strategies LP to December 31 from May 31. The date by which Boothbay has the right to convert funds due under the loan note at GBP0.85 per share has also been extended to the maturity date and agrees that it will not convert sums due to Boothbay under the convertible loan note on or prior to August 30. As at May 31, the total amount advanced by Boothbay to URU is USD500,000. Details regarding the convertible loan note were announced on May 6.

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2 May 2023 11:14

IN BRIEF: Seed Capital hires Uru Metals CEO John Zorbas as CEO

Seed Capital Solutions PLC - London-headquartered acquisition company, focused on businesses operating in market sectors with "strong" environmental, social and governance credentials - Appoints John Zorbas as chief executive officer with immediate effect. Zorbas has been CEO of Uru Metals Ltd since 2014 and a non-executive director at Zeb Nickel Corp and PowerTap Hydrogen Capital Corp since 2021. Seed Capital's shares debuted on the London Main Market on April 12.

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URU announces ZEB Nickel kickstarting new geophysical survey

(Alliance News) - URU Metals Ltd announced on Wednesday that ZEB Nickel Corp has started a third party airborne geophysical survey over South Africa's Zeb Project area.

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