REG - URU Metals Limited - Institutional Investment to propel Zeb Nickel

URU MetalsAnnouncement

12/06/2025 07:00

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RNS Number : 4841M  URU Metals Limited  12 June 2025

12 June 2025

URU METALS LIMITED

Institutional Investment to Propel Zeb Nickel Project Towards Breakthrough
Discoveries

 

URU Metals Limited ("URU" or the "Company") is pleased to announce that
following the recent successes at URU Metals Limited, including significant
regulatory and technical milestones, a prominent institutional investor
proactively approached the Company to provide a £420,000 investment. This
strategic funding will accelerate the next phase of exploration at our
flagship Zeb Nickel Project in Limpopo, South Africa, positioning URU to
unlock the immense potential of this high-grade nickel sulphide asset.

Key Highlights:

·      Gross proceeds of £420,000 ("Institutional Investment") raised
through the issue of  12,000,000 new ordinary shares ("New Ordinary Shares")
at a price of 3.5 pence per New Ordinary Share raised to drive advanced
exploration, including airborne electromagnetic surveys, cutting-edge 3D
modeling, and precision drill targeting

·      Breakthrough 3D geophysical study reveals four high-priority,
drill-ready targets, with Target 4 identified as the densest body yet

·      Mining Right milestone achieved, aligning with Mining Charter III
and reinforcing URU's strategic position in South Africa's mining sector

Strategic Use of Proceeds of the Institutional Investment:

·      An airborne electromagnetic (AEM) survey to sharpen target
precision

·      Advanced geophysical interpretation and 3D modeling to integrate
EM, gravity, and magnetic data

·      A refined geological model to guide high-impact drilling
campaigns

·      Additional working capital

Unveiling Zeb's World-Class Potential Recent 3D inversion studies by Geofocus
(Pty) Ltd have transformed our understanding of the Zeb Nickel Project,
confirming a robust conduit-style sulphide system with striking similarities
to globally renowned deposits like the Uitkomst Complex. Key findings include:

·      Priority Targets 1 & 2 align with coincident gravity-magnetic
anomalies beneath the Uitloop intrusion, signaling potential for massive
sulphide deposits

·      Target depths extend from 100m to over 800m, revealing untapped
subsurface potential far beyond historic drilling

·      A vertically stacked feeder-pipe architecture offers a clear,
cost-efficient path to significant nickel sulphide discoveries

 

A defining moment for the Company was the recent Mining Right advancement by
Lesego Platinum Uitloop (Pty) Ltd on 25 April 2025 marks a critical step
forward, ensuring compliance with Mining Charter III and solidifying URU's
operational foundation. With robust geophysical data and institutional
backing, URU is poised to deliver transformative results at Zeb.

Admission and Dealings of the New Ordinary Shares

The New Ordinary Shares will be issued as fully paid and will rank pari passu
in all resprects with the existing ordinary shares of the Company, including
the right to receive dividends and other distributions declared on or after
the date on which they are issued.

Applications will be made to the London Stock Exchange for the New Ordinary
Shares to be admitted to trading on AIM at 8.00 a.m. on or around 18 June
2025.

Total Voting Rights

Following the issue of the New Ordinary Shares from the Institutional
Investment, the Company's share capital and total voting rights will comprise
of 64,367,275 Ordinary Shares. This Figure of 64,367,275 may be used by
shareholders as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in, the Company.

John Zorbas, CEO, commented: "The Institutional Investment, initiated by an
investor inspired by our recent achievements, marks a turning point for the
Company, empowering us to unlock the vast potential of the Zeb Nickel Project.
With clear drill targets, regulatory momentum, and advanced geophysical
insights, we are on the cusp of defining a world-class nickel sulphide
resource. We invite investors to join us on this exciting journey towards a
major discovery."

Market Abuse Regulation (MAR) Disclosure

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

For further information, please contact:

 URU Metals Limited               +1 416 504 3978

 John Zorbas, CEO

 SP Angel Corporate Finance LLP   + 44 (0) 203 470 0470

 (Nominated Adviser and Broker)

 Ewan Leggat / Jen Clarke

 Axis Capital Markets Limited     +44 (0) 203 0260320

 (Joint Broker)

 Lewis Jones

 

 

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