Eurasia Mining Plc (LSE:EUA) has published its audited financial results for 2024, outlining a strategic pivot away from its Russian operations. As part of its exit plan, the company is actively seeking buyers for key assets, including the West Kytlim and Monchetundra projects. To support its transition and sustain operations for the next two years, Eurasia secured $4 million in financing.
The company is also pursuing a secondary listing in Kazakhstan to improve share liquidity and access new markets. While geopolitical and sanctions-related challenges persist, Eurasia remains cautiously optimistic about future opportunities in the Russian Arctic and continues to prioritize sustainability and compliance across its activities. Recent progress includes the successful resolution of ongoing legal matters and ongoing discussions with strategic investors for asset divestment.
About Eurasia Mining Plc
Eurasia Mining is a UK-based company focused on the exploration and development of battery metals, platinum group metals (PGMs), and green hydrogen technologies. Its core projects, located in Russia’s Central Kola Peninsula, center on nickel, copper, and PGMs. Listed on the AIM market of the London Stock Exchange, Eurasia is committed to sustainable resource development and advancing projects from early exploration through to production.
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