Amur Minerals (AMC)

Business description

Amur Minerals is an exploration and development company focused on base metal projects in Russia’s far east. The company’s principal asset is the Kun-Manie nickel sulphide deposit in the Amur Oblast, comprising almost 1Mt of contained nickel equivalent in at least five deposits.

Funding secured

Update | Mining | 29/07/2013

Amur has raised £5.2m by way of a subscription by new and existing shareholders for a total of 71.7m shares (17% of shares in issue) at 7.25p (a 6.5% discount to the previous close). Of this, £5.0m follows the pattern of previous equity swap agreements with Lanstead Partners, which have proved successful in continuing to fund Amur’s exploration of its growing Kun-Manie nickel resource while it progresses its mining licence to approval with the Russian authorities. As a result of a modified structure to this agreement, a £1m up-front payment is to be paid to Amur, which will comfortably fund at least its current Kubuk drill programme.

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Stock data

Market cap.£46.4m
Last close7.320p
High / Low (52 weeks)15.2p / 5.5p
Stock market listingLN
Forecast net cash (US$m)138
Forecast gearing ratio (%)N/A
TeamResources - Mining
SectorMining

Price performance

%1m3m12m
Actual(10.7)(15.8)24.1
Relative *(9.1)(15.4)12.4

* % Relative to local index

Company news

Amur Minerals Corporation

Tue, 08 Aug 2017 10:08:52 GMT

Amur Minerals Corporation

Wed, 18 Oct 2017 07:25:43 GMT

Amur Minerals Corporation

Tue, 20 Jun 2017 07:07:08 GMT

Amur Minerals Corporation

Mon, 13 Mar 2017 09:28:15 GMT

Amur Minerals Corporation

Mon, 25 Sep 2017 06:57:26 GMT