Eurasia Mining Company Research (EUA)

Eurasia Mining joined AIM in 1999 as a Russia-focused metals and mining company. Initially in a JV with Anglo Platinum, the company undertook extensive exploration (gold, gold-copper & PGMs) in the Urals and the Kola Peninsula. This led to the West Kytlim and Monchetundra discoveries that Eurasia went on to acquire. Eurasia received approaches in 2020 and brought in UBS to manage the sales process. The stock touched 42p before the Ukraine conflict derailed negotiations. The market is now improving for such assets, and following our updated analysis of the shares we see significant upside potential.