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AIM:AMC OTC:AMMCF

Amur Minerals Corporation

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Market:
AIM
Price
0.09 GBX
Day Change
-
Market Cap:
£1.25 m
52 weeks high
1.99
52 weeks low
0.07

In brief

Amur Minerals Corporation is a cash shell in accordance with Rule 15 of the AIM Rules as a result of the sale of its only asset, the Kun-Manie sulphide nickel, copper project.

As a cash shell and to continue as a listed entity, Amur is now required to fully complete an acquisition which constitutes a reverse takeover (RTO) under AIM Rule 14.

The company continues to review a number of reverse takeover opportunities in multiple countries and for multiple commodities.

Two non-mineral resource companies have also approached the company from the AI/entertainment and financial services space.

As of 30 June 2023, Amur had cash reserves of US$6.3 million, up from US$5.3 million at the end of 2022, and an additional US$1 million of restricted cash.