The latest update is out from URU Metals ( (GB:URU) ).
URU Metals Limited has successfully raised £300,000 through a placement of 10 million new ordinary shares, priced at 3p each, to accelerate its activities at the Zebediela project. The funds will be used for geophysical interpretation, reinterpretation of historic drilling results, and groundwork for a maiden NI43-101 compliant resource, among other initiatives. Additionally, URU has appointed Axis Capital Markets Limited as a joint broker, with the shares set to be admitted to trading on AIM. This strategic move is expected to bolster the company’s operational progress and market positioning.
More about URU Metals
URU Metals Limited operates within the mining industry, focusing on the exploration and development of nickel resources. The company is primarily engaged in advancing its Zebediela project, aiming to enhance its nickel resource through targeted geological activities.
YTD Price Performance: 41.67%
Average Trading Volume: 38,518
Technical Sentiment Signal: Sell
Current Market Cap: £3.5M
Learn more about URU stock on TipRanks’ Stock Analysis page.