Amur Minerals (LON:AMC) has pitched the potential of its Kun-Manie nickel project in Far East Russia to potential investors in Korea.
Through its tie-up with Russia's Far East and Baikal Region Development Fund, Amur met with a number of Korean state agencies over funding and participation options at Kun-Manie.
These included the Ministry of Strategy and Finance, International Economic Co-operation Division, Korea Investment Corporation, Private Equity Team and a business team from Korea Exim Bank.
Robin Young, Amur Minerals’s chief executive, said: “Our involvement in these high-level government-to-government discussions has been made possible by our relationship with the Far East Fund.
“The economic strength neighbouring Korea provides another avenue of project development to us.
“Korean officials are looking to Russia as a source of metals and other materials for their highly industrialised economy and to develop additional service industry related activities such as engineering and construction projects.”
“We will continue our work with the Far East Fund on this type of business development and will move forward into more detailed talks with the Koreans as well," he added.
Amur added that Crede Capital had also converted 10mln warrants (out of 24.5mln) for new shares.