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29/09/2011

Amur Minerals CEO says the company is “cashed up to move the project forward”

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Additional Information
Market: AIM
Sector: General Mining - Nickel and Cobalt
EPIC: AMC
Latest Price: 8.80p  (1.15% Ascending)
52-week High: 20.00p
52-week Low: 6.50p
Market Cap: 31.08M
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Amur Minerals
www.amurminerals.com

Amur Minerals Corporation (AMC) is a rapidly-growing mineral resource exploration and development company focused on base metal projects located in the far east of Russia. The Company has three properties in the region with its principal asset being the Kun-Manie sulphide nickel, copper project located in Amur Oblast. With a JORC compliant resource of over a quarter of a million tons of contained nickel, Kun-Manie is one of the five largest new nickel sulphide discoveries since Voisey’s Bay.

Full Amur Minerals profile here
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Amur Minerals to de-list from AIM

1st Dec 2008, 12:15 pm Amur Minerals to de-list from AIM

Amur Minerals, the junior exploration company with mineral interests in Eastern Russia, announced today that it would seek approval from shareholders on 22 December 2008 to de-list the company from AIM.


Amur Minerals has struggled to raise sufficient funds for its ongoing exploration of the Kun-Manie Nickel-Copper Project due to the ongoing credit crisis and severely weakened outlook for base metals, combined with investor caution towards companies with assets in Russia.


Amur Minerals listed on AIM on 15 March 2006 at 33 pence per share giving the company a market capitalisation of £28 million.


The Company said it was delisting to cut costs and regulatory burdens, and added that it continued to suffer from low liquidity levels, negative market sentiment towards emerging markets like Russia, and limited appreciation for the company's projects.


Amur further warned that it would require additional funding before the end of the year, or the company "will be obliged to consider whether the Company is in a position to continue trading".


"The Company will endeavour to continue to provide a number of the same facilities and services to shareholders which are currently enjoyed as shareholders of an AIM company, including maintenance of a current website along the lines required by AIM rule 26, keeping shareholders as fully informed as possible," the company said.

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