Soon ...7 Jul 2021 15:29
RNS 28TH JUNE - We look forward to progressing our strategy as announced."
Alliance New 15 June -Eurasia Mining PLC - UK-based mining & mineral exploration company - Announces creation of first joint venture company between it and Rosgeo, known as Monchegorskoe LLC, which will hold the licence for the Nyud open pit platinum group metals and battery metals deposit.
In late March, Eurasia signed a binding agreement with Rosgeo in which Eurasia would own a 75% equity stake in nine assets with a total of 104.6 million ounces of platinum equivalent reserves in the vicinity of Monchetundra project in Kola Peninsula.
"We are enthusiastic to create a globally significant PGM and battery metals company with our partner Rosgeo, a large internationally diversified company. We are using the momentum of hydrogen and EV markets growing fast on the one hand and the traditional PGM regions struggling with various challenges including underground mine floods and limited electricity supply on the other hand. This year of 2021 is unprecedented for Eurasia in terms of the Rosgeo JV completion," says Managing Director James Nieuwenhuys.
Alliance NEWS 15 JUNE - (Alliance News) - Eurasia says Monchegorskoe created to hold licence for Nyud
Eurasia Mining Plc ("Eurasia" or the "Company"), the palladium, platinum, rhodium, iridium and gold producing company, is pleased to announce an update on the Rosgeo JV.
As announced via RNS of 26 March 2021, Eurasia signed a binding agreement to create a joint venture with Rosgeo in which Eurasia will own a 75% equity stake in nine PGM and battery metals assets (four of which are post Russian Feasibility Study with state approved reserves) with a total of 104.6Moz of Platinum equivalent Russian Code reserves and resources in the immediate vicinity of the Company's Monchetundra Project in the Kola Peninsula.
The Company is pleased to announce that the first joint venture company, Monchegorskoe LLC, was created to hold the licence for the Nyud open pit PGM and battery metals deposit ("Nyud"). Eurasia's 100% subsidiary Yuksporskaya Mining Company / Yuksporskaya Gornaya Kompaniya ("YGK") has signed a notarised agreement with Rosgeo Group company pursuant to which YGK will become a 75% shareholder in Monchegorskoe LLC after the licence for Nyud is transferred from Rosgeo to Monchegorskoe LLC. Euraisa, through YGK, will also have a right to acquire Rosego's 25% shareholding in Monchegorskoe LLC upon the completion of a JORC Code compliant competent persons report on Nyud.
Alliance News 12 May -Eurasia Mining PLC - UK-based mining & mineral exploration company - Confirms that it has received a proposal for the acquisition of certain assets, leading to the conclusion of the formal sale process.
The proposal in particular is from a "credible party" for the acquisition of substantially all of Eurasia Mining's assets, following the conclusion of the joint venture of Rosgeo ......