REG - Eurasia Mining PLC - Board Statement

Eurasia MiningAnnouncement

02/03/2022 08:00

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RNS Number : 3505D  Eurasia Mining PLC  02 March 2022

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INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE
A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN EU REGULATION NO.
596/2014, INCORPORATED INTO UK LAW BY THE EUEOPEAN UNION (WITHDRAWAL) ACT 2018
AND IS IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 7 OF THAT
REGULATION.

 

2 March 2022

 

Eurasia Mining Plc

 

Board Statement

Eurasia Mining Plc ("Eurasia" or the "Company"), the palladium, platinum,
rhodium, iridium and gold producing company announces the following further to
the Board meeting held:

 

·      The fundamentals of the Company developed over years have not
changed.

 

·      Contrary to speculations none of the Eurasia's team members
(being the largest shareholder group) has sold any shares in the Company.

 

·      The Board is closely monitoring the evolving sanctions and
re-iterates that no individual or entity identified in the sanctions is
associated with the Company in any way. Nor do the sanctions prevent the
Company from executing on its M&A strategy as announced.

 

Christian Schaffalitzky, Executive Chairman commented: "The Board notes our
focus on BRICS (in particular on Russia, China and South Africa) and Japan in
terms of our M&A strategy. More updates are to be provided in due course".

 

James Nieuwenhuys, CEO and Managing Director of Eurasia commented: "The
Directors are grateful that the fundamentals of the Company are recognised
including by H.C. Wainwright & Co initiating coverage on Eurasia by
issuing independent research. In these times of high volatility, the Directors
and the Officers continue to stay calm and focused on their jobs in the best
interests of the Company and all shareholders".

 

A copy of this announcement is also available on Eurasia's website at:

https://www.eurasiamining.co.uk/investors/news-announcements.

 

For further information, please contact:

 

Eurasia Mining Plc

Christian Schaffalitzky/ Keith Byrne

+44 (0)207 932 0418

 

SP Angel Corporate Finance LLP (Nomad and Joint Broker)

Ewan Leggat / David Hignell / Adam Cowl

+44 (0)20 3470 0470

 

Optiva Securities (Joint Broker)

Christian Dennis

Tel: +44 (0) 20 3137 1902

 

About Eurasia Mining Plc

 

Eurasia Mining plc is a PGM and battery metals producing company, operating
the established West Kytlim Mine in the Urals, and also being the operator of
the Monchetundra Project comprising two predominantly palladium open pit
deposits located 3km away from Severonickel, one of Norilsk Nickel's largest
base metals and PGM processing facilities, near the town of Monchegorsk on the
Kola Peninsula.

 

Eurasia's project portfolio also includes Nittis-Kumuzhya-Travyanaya (NKT),
Tier-1 scale Nickel mine formerly operated by Norilsk Nickel.

 

A parallel business development strategy based on the Hydrogen Economy forms a
new development arm of the Company.

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