URU Metals Ltd. (DI) (URU)

Sector:

Mining

Index:

FTSE AIM All-Share

4.20p
   
  • Change Today:
      0.55p
  • 52 Week High: 185.00
  • 52 Week Low: 3.53
  • Currency: UK Pounds
  • Shares Issued: 51.17m
  • Volume: 920,300
  • Market Cap: £2.15m
  • RiskGrade: 364
  • Beta: 0.01

URU Metals raises £0.3m to accelerate work at Zebediela

By Josh White

Date: Friday 28 Mar 2025

LONDON (ShareCast) - (Sharecast News) - URU Metals announced on Friday that it has raised £0.3m through a placing of 10 million new shares at 3p each, to accelerate exploration and development work at its Zebediela nickel project in South Africa.
The AIM-traded firm said the proceeds would support geophysical interpretation, reinterpretation of historic drilling data, groundwork for a maiden NI 43-101 compliant resource, and efforts to improve the overall grade of the historical resource by targeting higher-grade geological units.

Funds would also aid progress toward the award of mining rights.

The placing was arranged by Axis Capital Markets, which had been appointed joint broker to the company with immediate effect.

URU said the new shares, which would rank pari passu with existing ordinary shares, were expected to be admitted to trading on AIM on or around 3 April.

Following admission, URU's total issued share capital would consist of 51,167,275 ordinary shares.

"As things begin to pick up at the Zebediela project we are pleased to announce a partnership with Axis as these funds are pivotal in accelerating our ongoing work program. We look forward to updating the market on several fronts in the near term," said chief executive officer John Zorbas.

At 1359 GMT, shares in URU Metals were down 41.18% at 5p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

URU Market Data

Currency UK Pounds
Share Price 4.20p
Change Today 0.55p
% Change 15.07 %
52 Week High 185.00
52 Week Low 3.53
Volume 920,300
Shares Issued 51.17m
Market Cap £2.15m
Beta 0.01
RiskGrade 364

URU Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
16.15% above the market average16.15% above the market average16.15% above the market average16.15% above the market average16.15% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Price Trend
99.37% below the market average99.37% below the market average99.37% below the market average99.37% below the market average99.37% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income Not Available
Growth Not Available

URU Dividends

No dividends found

Trades for 28-May-2025

Time Volume / Share Price
17:06 25,000 @ 4.20p
16:16 86,937 @ 4.33p
16:15 100,000 @ 4.19p
15:20 71,549 @ 4.19p
11:46 25,000 @ 3.90p

URU Key Personnel

CEO John Zorbas

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