Eurasia Mining PLC (AIM:EUA) said a potential buyer of most of its assets in Russia has successfully completed its due diligence.
The miner added it continues to assess additional interest from other parties and intends to advance several options with advice from UBS, DLA Piper and other advisers.
Christian Schaffalitzky, Eurasia executive chairman, said: "The directors are delighted that we are advancing several transactions concurrently.
“We see competition for Nickel-Copper-PGM assets (with a similar basket of metals like ours and the assets included in our agreement with Rosgeo) increasing on a global scale."