Don't miss the train.....26 Oct 2025 15:02
#URU If you’re new to URU, you’re basically looking at one of the most undervalued junior nickel-PGE plays out there. The company sits on a nickel resource that was previously valued at over $300m back in 2012, before sulphides or PGEs were even part of the equation. Fast forward to now and they’re hitting into much higher-grade zones, conducting EM surveys to zero in on semi to massive sulphide targets, and the project sits in the same geological corridor as Ivanhoe’s $10bn+ Platreef.
But here’s where it gets crazy – the current market cap is around £7m. That’s with over 3 million tonnes of contained nickel in the ground, plus PGEs, plus the biggest potential catalyst coming: the Mining Right approval from South Africa’s DMRE. It’s in final stages and could land any day. That Mining Right alone de-risks the whole asset and opens the door to JV, buyout, or serious institutional interest.
On top of that, the EM survey data is due imminently. That tells us exactly where the sulphides are sitting, and that’s the real game changer. Drilling can then be targeted properly, rather than chasing false positives.
So over the next few weeks to months, here’s what’s lining up: final EM survey results, confirmation of semi-massive sulphide zones, and the Mining Right decision. That’s not even including updated resource modelling or NPV revisions, which will follow. With barely any free float, the re-rate could be violent once the wider market catches on.
People say “oh but there’s risk.” Sure – it’s AIM. But when you’ve got 74 billion dollars of nickel in the ground and a fully permitted path to unlock it, that’s not risk, that’s opportunity. And right now it’s sat at around 9p. You do the maths.
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