Asiamet Resources Ltd (AIM:ARS, OTC:KMGLF) chief executive Darryn McClelland purchased 5.5mln shares in the company at a price of 1p each, increasing his holding to 10.5mln shares (0.48% of the company).
In London, sentiment was boosted with the AIM-quoted share rising nearly 6% to change hands at 1.03p each.
McClelland, in a statement said: “Having recently released the updated Feasibility Study for the BKM Copper project I can see a clear path forward for one of the very few advanced, near-term construction copper projects in the Asian region.
“Our focus now turns to project financing for BKM and with strong fundamentals underpinning the copper market into the future this process is expected to be well supported.”
“The syndicated bank process commenced months ago with formal appointment of a lead bank the next step.
“The BKM Copper project coupled with further development of the broader BKM mineral district including the high value BKZ polymetallic resource, and the large, globally significant Beutong copper-gold resource provide excellent optionality to grow Asiamet into the future.
“With a supportive major shareholder who shares the vision of the need for responsible supply of energy transition metals to key markets in Asia, the future is bright for Asiamet."