Amur Minerals to sell Kun-Manie nickel project in Russia for US$105mln
Kun-Manie is one of the last major undeveloped nickel sulphide deposits in the world
Company
Amur Minerals Corporation
LON:AMC
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.
432 stories · page 2 of 22
Amur Minerals says Russian sanctions have had 'minimal impact' on operations
Amur said the flow of funds supporting its flagship Kun-Manie operation continue and it has sufficient cash reserves to cover budgeted costs through the first half
Amur Minerals soars as it confirms talks to sell Irosta Trading
According to press speculation, a potentially interested party has valued Amur at an indicative price of up to £100mln
Amur Minerals fully focused on work for bankable feasibility study
The BFS will provide the technical, environmental and economic detail to secure funding for the construction of the Kun-Manie nickel copper sulphide project in Russia’s far east.
Amur Minerals expects buyer of Kun-Manie will be a Russian entity
Amur Minerals has a huge undeveloped nickel sulphide deposit in Russia
Archive
Today's Market View - Amur Minerals, Base Resources, KEFI Minerals and more..
Amur Minerals* (LON:AMC) – Hydrological study update Base Resources (LON:BSE) – Presentation to TZMI Congress highlights transition at Kwale in Kenya Bluejay Mining* (LON:JAY) – Appointment of exploration manager
Amur Minerals completes hydrological assessment at Kun-Manie
Amur controls one of the world's last remaining large nickel sulphide deposits
Archive
Today's Market View - Amur Minerals, Cora Gold, Rambler Metals & Mining and more...
Amur Minerals* (LON:AMC) 2.7p, Mkt Cap £21m – £1.2m equity raise Anglo Asian Mining* (LON:AAZ) 146p, Mkt Cap £166m – Q3 exploration update: new gold-copper mineralisation discovered Bushveld Minerals* (LON:BMN) 22.25p, Mkt Cap £268m – Bushv
Archive
Proactive news snapshot: Amur Minerals, Anglo Asian Mining, Shanta Gold, Bango …
A glance at some of the day's highlights from the Proactive Investors newswire
Amur Minerals seeks to move on from Riverfort, as fund manager pumps in £1.2mln of new money
Amur Minerals controls the sizeable Kun-Manie nickel sulphide deposit the Far East of Russia
Amur to review resources and economic setup in feasibility study
The TEO is a Russian feasibility study that paves the way for the determination of reserves in accordance with Russian requirements
Amur Minerals turns to non-TEO considerations at Kun-Manie
“This includes various trade-off analyses between initial capital expenditure and operating costs, production mixes and scale of production.
Amur Minerals expects to upgrade resource at Kun-Manie in Russian study
A majority of the TEO work will be used in the compilation of the DFS
Archive
Markets stabilise as investors digest Trade War implications
mur Minerals* (LON:AMC) – Thomas Bowens joins Amur as Non-Executive Director Cora Gold* (LON:CORA) – Selin infill drilling results Shanta Gold (LON:SHG) – Singida funding update Sirius Minerals (LON:SXX) – Share collapse on failure to place
Amur Minerals Corporation appoints Far East Russia mining veteran as non-exec
Tom Bowens sold the Malmyzh copper-gold project to Russian Copper for US$200mln last year.
Amur Minerals posts full year results for year to end 2018
Amur has continued to move steadily forward with the Kun-Manie project
Archive
Proactive news snapshot: Active Energy, Be Heard Group, EQTEC, Horizonte Minerals …
A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
Starcom heads north as order for remote tracking units is beefed up
A look at the day's major movers, including Nuformix, Reabold, Debenhams, Thomas Cook, Robinson and Toople
Archive
Proactive news snapshot: Mkango Resources, Live Company, INTOSOL Holdings …
A glance at some of the day's highlights from the Proactive Investors newswire