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Director Shareholding

26 Jun 2014 07:00

RNS Number : 5706K
URU Metals Limited
26 June 2014
 



URU Metals Limited / Index: AIM / Epic: URU / Sector: Natural Resources

26 June 2014

URU Metals Limited ("URU Metals" or "the Company")

 

Director Shareholding

 

URU Metals, the multi-commodity resource exploration and development company, announces that 0.9 million out of the 3 million shares awarded to David Subotic, as announced on 2 May 2014, were simultaneously gifted by him to unrelated parties. David Subotic is therefore interested in 5,350,000 shares, representing 2.3 per cent. of the current issued share capital.

 

**ENDS**

 

For further information please visit www.urumetals.com or contact:

 

URU Metals Limited

 

David Subotic, Chairman

 

+ 1 416 892 2870

 

Northland Capital Partners Limited

(Nominated Adviser and Joint Broker)

 

Edward Hutton / Matthew Johnson

 

+ 44 (0) 207 382 1100

Beaufort Securities Limited

(Joint Broker)

 

Andrew Gutmann

 

+ 44 (0) 207 382 8300

St Brides Media & Finance Ltd

(Financial Public Relations)

 

Lottie Brocklehurst / Susie Geliher

 

+44 (0) 20 7236 1177

 

About URU Metals:

 

URU Metals is a multi-commodity explorer and developer of high quality resource projects. Its current portfolio comprises:

 

· Zebediela Nickel Sulphide Project, South Africa

100% ownership of a world class nickel sulphide project in the Limpopo Province of South Africa boasting inferred and indicated resources of over 1.5Bt hosting around 37Mt of nickel. Zebediela is forecasted to be a lowest-quartile production asset with an NPV8 of US$1 billion and IRR of 25.7% at US$8.5/lb Ni for its indicated resources alone.

 

· Burgersfort Nickel Sulphide Project, South Africa

50% ownership of Burgersfort, located in the Mpumalanga Province of South Africa. Previous exploration identified disseminated nickel targets and three deeper massive sulphide nickel targets.

 

· The Närke Oil-Uranium Project, Sweden

100% interest in an oil shale asset located in the Alum Shale outcrops of Sweden - conversion of kerogen to oil with one of the largest proven uranium deposits worldwide. Potential to define combined non-compliant resources of 1.47 billion tonnes containing 303,000t of U3O8 and 525 million barrels of oil equivalent.

 

· The Nueltin Gold-Uranium Project, Canada

70% earn-in agreement over a new discovery located in a well understood but unexploited basin with multiple high grade targets assaying up to 13.68% U3O8 and 2,060g/t Au. Exploration is currently on hold however there remains the potential to progress towards Resource delineation and pre-production development work.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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