Eurasia Mining PLC - palladium, platinum, rhodium, iridium and gold producing company - Says it has received non-binding offers in respect of both a possible acquisition of the company as well as "other transaction structures" since launching its formal sale process in July 2020.
Says progress to date "slower than expected", reflecting the "complexity of the process" as well as other factors, such as Covid-19 and delays resulting from holiday periods.
"Notwithstanding these factors, discussions regarding proceeding to binding proposals are continuing. Until a transaction is finally concluded there can be no certainty that a transaction will occur or on what terms," Eurasia says.
Current stock price: 30.50 pence
Year-to-date change: down 9.6%
By Lucy Heming;Â lucyheming@alliancenews.com
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Eurasia Mining (EUA)