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On 10 June 2024, Eurasia Mining Plc noted a recent increase in its share price and online speculation regarding the Monchetundra Definitive Feasibility Study (DFS). The company reiterated that the Monchetundra DFS was completed in 2023 and reported no material developments on it since 3 July 2023, stating its primary focus remains the possible sale of its Russian assets.
| Date | 10 Jun 2024 |
| Time | 09:45:29 |
| Category | Corporate updates |
| ID | 7880R |
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN REGULATION NO. 596/2014 (AS IT FORMS PART OF RETAINED EU LAW AS DEFINED IN THE EUROPEAN UNION (WITHDRAWAL) ACT 2018) AND IS IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 7 OF THAT REGULATION.
10 June 2024
Eurasia Mining Plc
Statement re Share Price Movement
Eurasia Mining Plc ("Eurasia" or the "Company"), the palladium, platinum, rhodium, iridium and gold mining company, notes the recent increase in the Company's share price and the online speculation regarding the Definitive Feasibility Study for the Monchetundra project in the Kola peninsula northwest Russia (the "Monchetundra DFS").
The Company wishes to reiterate that the Monchetundra DFS was completed in 2023 and whereas work has continued at site to keep the ground in good standing, there have been no material developments regarding the Monchetundra DFS since the Company's announcement of 3 July 2023.
The primary focus of the Company remains the possible sale of its Russian assets although, as ever, there can be no guarantee that Eurasia will enter into binding agreements regarding the sale.
For further information, please contact:
Eurasia Mining Plc
Christian Schaffalitzky
+44 (0)207 932 0418
SP Angel Corporate Finance LLP (Nomad and Broker)
Jeff Keating / David Hignell / Adam Cowl
+44 (0)20 3470 0470
Yellow Jersey PR (Financial PR)
Charles Goodwin / Shivantha Thambirajah
+44 (0)207 932 0418