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URU Metals Ltd

  • BY: Andrew Hore |
  • POSTED: 30/12/2014 |

URU Metals Ltd released the penultimate announcement on 30 December. 

The URU share price had already ended trading at 1.73p a share, down 0.18p. In May £815,000 was raised at 1.5p a share. URU needed to get its interim results published before the end of 2014 or face suspension of trading in the shares.

In the six months to September 2014, URU made a loss of $477,000. There was $351,000 in cash in the bank at the end of September 2014.

In April, URU acquired Umnex Minerals Limpopo which gave URU 100% of the Zebediela nickel project. However, the mining titles to the three main areas are still owned by other parties.

URU also owns the Narke project, which includes the Alum Shale oil prospect. It also owns an option to earn 51% of the Nueltin uranium gold project. This option lasts until the end of 2016.

AIM Journal December 2014 available.

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