URU Metals Limited Zebediela Licence Renewal Granted (3842J)
December 04 2018 - 4:38AM
UK Regulatory
TIDMURU
RNS Number : 3842J
URU Metals Limited
04 December 2018
04 December 2018
URU Metals Limited
("URU" or "the Company")
Zebediela Licence Renewal Granted
URU is pleased to announce that further to the announcement of
29 November 2018, the Company has been informed by the South
African Department of Mineral Resources ("DMR") that it has
formally approved and executed the renewal of prospecting right
148PR (the "Right") on 3 December 2018, which forms the primary
prospecting right over all known mineralisation of the Zebediela
Nickel project for an additional three years. The Right will expire
on 2 December 2021.
Additionally, as previously announced, the application in terms
of Section 102 of the Mineral and Petroleum Resources Development
Act of 2002 (the MPRDA) has been made, and acknowledged by the DMR,
to append licences 1074PR and 11921PR to 148PR. As previously
noted, this application will now be processed as the execution of
the renewal of the Right has occurred. A further announcement will
be made regarding the appending of the licenses in due course.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
For further information, please contact:
URU Metals Limited
John Zorbas
(Chief Executive Officer) +1 416 504 3978
SP Angel Corporate Finance LLP
(Nominated Adviser and Broker)
Ewan Leggat + 44 (0) 203 470 0470
SVS Securities Plc
(Joint Broker)
Tom Curran +44 (0) 203 700 0093
This information is provided by RNS, the news service of the
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Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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