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Eurasia Mining (EUA)     

aevansdj - 20 Jul 2005 16:35

Has anyone heard anything about this firm regarding newsflow?

banjomick - 29 Mar 2017 14:45 - 116 of 269

29 March 2017 
Eurasia Mining plc (AIM: EUA)

Sanderson Partners facility drawdown
 
Eurasia Mining plc, the PGM mining and exploration company (the "Company"), announces that it has executed a further drawdown of its loan facility with Sanderson Capital Partners (see RNS dated 21 December 2016).

A drawdown of £100,000 was executed on the 20 March 2017. The drawdown fees of £15,000 is to be satisfied by the issue of 2,857,143 ordinary shares in the Company's share capital, at a price of £0.00525 per share, being the mid price at open on Friday 17 March 2017.

Accordingly the Company has today issued a total of 2,857,143 Ordinary Shares (the "New Shares") and dealings in these shares are expected to commence on the 04 April 2017.

Following the issue of the New Shares the total number of issued ordinary shares in the Company will be 1,531,024,173 ordinary shares and consequently the total number of voting rights in the Company will be 1,531,024,173. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in the share capital of the Company under the Disclosure and Transparency Rules.

This announcement includes inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

http://www.moneyam.com/action/news/showArticle?id=5521886

banjomick - 30 Mar 2017 12:02 - 117 of 269

SnDqxMK1_400x400.jpg
UK Investor Show 1st APRIL 2017


Christian Schaffalitzk will be speaking at this event:

https://www.ukinvestorshow.com/

https://www.ukinvestorshow.com/companies/

https://www.ukinvestorshow.com/speakers/

banjomick - 03 Apr 2017 19:01 - 118 of 269

03 April 2017 
Eurasia Mining plc (AIM: EUA)

Monchetundra Project - Feasibility Study Approval

Eurasia Mining plc, the PGM mining and exploration company, is pleased to announce that the Feasibility Study for the Monchetundra Project, submitted in late December 2016 (see RNS dated 22 December 2016) has been approved by the State Commission on Mineral Reserves ("GKZ").

An official protocol confirming this decision will now be issued by GKZ who then send the document for final approval to Rosnedra.

The Feasibility Study describes the economic extraction of reserves identified at two open pit targets on Eurasia's 80% owned Monchetundra License.

Two open pittable targets have been identified at Loipishnune and at West Nittis occurring approximately two kilometers apart.

Further details will be released when the reserves are officially released by Roznedra, which is the final stage for their approval under the Russian Standard.

http://www.moneyam.com/action/news/showArticle?id=5525377

banjomick - 06 Apr 2017 13:28 - 119 of 269

I'll watch later but here is the video from the UK Investor Show last Saturday:

https://www.youtube.com/watch?v=cgzhWI6oFYU&feature=youtu.be

banjomick - 06 Apr 2017 16:19 - 121 of 269

Ah yes driver, that was the presentation slides they gave at the UK Investor Show last Saturday.

banjomick - 12 Apr 2017 10:36 - 122 of 269

Proactive Investors One2One Investor Forum - London

Rainbow Rare Earths Limited | Eurasia Mining plc | Mariana Resources Ltd. | Anglo Asian Mining Plc

May 9th 2017, 6.00 pm - Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair

http://www.proactiveinvestors.co.uk/register/event_details/92

banjomick - 21 Apr 2017 09:31 - 123 of 269

From Mining Investment Asia 2017 28th-31st March 2017

Interview with Dmitry Suschov, Member of Board of Directors (Eurasia Mining, UK)

https://www.youtube.com/watch?v=cD_TpcdXuz8

https://mobile.twitter.com/eurasiamining

banjomick - 26 Apr 2017 17:16 - 124 of 269

26 April 2017 
Eurasia Mining plc (AIM: EUA)
 
Sanderson Partners facility drawdown
 
Eurasia Mining plc, the PGM mining and exploration company, announces that it has executed the final drawdown of its loan facility with Sanderson Capital Partners (see RNSs dated 21 December 2016 and 29 March 2017).

The final drawdown of £50,000 was executed on 21 April 2017. The drawdown fee of £7,500 is to be satisfied by the issue of 1,500,000 ordinary shares in the Company's share capital, at a price of £0.005 per share, being the mid-price at open on 21 April 2017.

Accordingly, the Company has today issued a total of 1,500,000 Ordinary Shares (the "New Shares") and dealings in these shares are expected to commence on the 3 May 2017.

Following the issue of the New Shares the total number of issued ordinary shares in the Company will be 1,532,524,173 ordinary shares and consequently the total number of voting rights in the Company will be 1,532,524,173. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in the share capital of the Company under the Disclosure and Transparency Rules.

http://www.moneyam.com/action/news/showArticle?id=5538038

banjomick - 08 May 2017 10:34 - 125 of 269

A little reminder of tomorrow's event:

****************************************************
Proactive Investors One2One Investor Forum - London

Rainbow Rare Earths Limited | Eurasia Mining plc | Mariana Resources Ltd. | Anglo Asian Mining Plc

May 9th 2017, 6.00 pm - Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair

http://www.proactiveinvestors.co.uk/register/event_details/92

banjomick - 09 May 2017 08:05 - 126 of 269

09 May 2017 
Eurasia Mining plc (AIM: EUA)
 
Company Update
 
Eurasia is pleased to update shareholders on the three projects currently being worked by the Company.
 
Highlights
 
·    Today is Victory Day in Russia - The contractor at West Kytlim has commenced production for 2017
 
·    Following the statutory approval of the Feasibility Study and the Reserves Report at Monchetundra, the Company is preparing documentation for the Discovery Certificate application
 
·    Company increases its interest option in the Semenovsky Tailings Project to 67%
 
 
West Kytlim
 
Detailed site preparation work has continued since our latest update on 24 March 2017. The main washplant has been delivered to site and assembly work nears completion. The small washplant is also ready for operation. The main ore zones in Malaya Sosnovka are prepared for mining. Snow melt is well advanced, resulting in the filling of the reservoir ponds to provide water for the washplants.
 
The contractor has selected 9 May as the official start date for production, being the anniversary of the end of World War 2, celebrated in Russia as Victory Day. Further updates will follow as production gets underway.
 
Monchetundra
 
As announced on 3 April, the Reserves Report and the Feasibility Study for the Monchetundra Project were approved by the State Commission on Mineral Reserves ("GKZ"). The next step is for the Company to file an application for a Discovery Certificate and the documentation is being prepared.
 
 
Semenovsky Tailings Project (STP)
 
Work continues on financing plans for STP, using project finance or else a (risk-free for Eurasia) revenue-sharing structure similar to that in place at West Kytlim. In parallel, Metal Tiger plc, in line with its new strategic objectives, will not continue with this project which was financed 50:50 in joint venture with Eurasia. As a result Eurasia now has the right to acquire 67% of the project under the exclusivity agreement with the owner, recently extended to 31 May 2017. The joint venture commenced in November 2015 (See RNS dated 16th November 2015) and significantly advanced the project through to state approval of maiden reserves of 3.9 tonnes of gold and 49.3 tonnes of silver (see RNS dated 31st August 2016). The joint venture also funded a metallurgical sampling program which tested the direct cyanide recovery of gold and silver from the tailings sediments.
 
Commenting on progress, Managing Director Christian Schaffalitzky said: "We are pleased to resume production at West Kytlim and look forward to a productive year. We are excited by the prospects for Monchetundra and shortly will file the application for the Discovery. As for STP, now that Metal Tiger will no longer be with us, we are in a better position to negotiate project finance with a third party, as we revert to a potential 67% interest".

http://www.moneyam.com/action/news/showArticle?id=5545276

driver - 16 May 2017 15:27 - 127 of 269

Had some more at .4 early today..


("Eurasia" or the "Company")

Unaudited preliminary results

for the year ended 31 December 2016

http://www.moneyam.com/action/news/showArticle?id=5550052

driver - 16 May 2017 16:48 - 128 of 269

Looking good here now, Sanderson will soon be out and a new loan in place onward and upwards..

banjomick - 16 May 2017 16:58 - 129 of 269

only just seen the second RNS, will have a good read tonight

faceface - 16 May 2017 18:27 - 130 of 269

Was worried for a while but now i see a bright future again!!!

banjomick - 17 May 2017 08:39 - 131 of 269

From yesterday:

Eurasia Mining looks at new loan as production picks up
15:35 16 May 2017

A loan arrangement with third parties and Dmitry Suschov, a director of the company, for £1.6mln will repay the existing Sanderson loan arrangement,

757z468_58441_591b0fc2575bb.jpg

Eurasia Mining plc (LON:EUA) is looking to refinance with a director’s loan as it steps up production at the West Kytlim alluvial platinum mine in Russia.

A loan arrangement with third parties and Dmitry Suschov, a director of the company, for £1.6mln will repay the existing Sanderson loan arrangement, though the details have yet to be confrmed.

Eurasia posted first revenues of £140,00 in 2016 as it produced its first platinum at West Kytlim. Currency movements helped it post profits of £994,000 (£1.69mln loss).
This year at West Kytlim, Eurasia expects a full season of production and if development of a second area at Kluchiki goes to schedule a second plant may also come on stream before the end of the field season. 

At Monchetundra, a major compilation effort combined with new hydrogeological and metallurgical work, culminated in a feasibility study being lodged in December 2016 as an application for the approval of reserves under the Russian classification system
This study had been approved and the company is waiting for the formal registration of these reserves.

Eurasia said the next step is the application for a Discovery Certificate and then a production licence for a 25-year term. A development plan for two deposits will then follow.

At the Semenovsky tailings project, several project finance options are being considered with the aim to minimise shareholder dilution.

The company added that Michael Martineau is also standing down as chairman with Christian Schaffalitzky to take over as Executive Chairman and acting CEO.

Philip Whiterow

69060_163846843643689_7687549_n.jpg?oh=2

banjomick - 19 May 2017 14:06 - 132 of 269

19 May 2017 
Eurasia Mining plc (AIM: EUA)

Up to US$ 2 million Loan Facility and Issue of Equity
Related Party Transaction
Transaction by a PDMR


Eurasia announces that it has entered into new funding facilities for approximately US$ 2 million with three parties, including its existing funding provider Sanderson Capital Partners ('Sanderson'), a consortium of investors arranged through London based institution Riverfort Global Capital Ltd ('Riverfort') including Cuart Growth Capital Fund I ('Cuart') and YA II PN ('YA'), and finally, a further investment from the Company's non-executive director Dmitry Suschov
 
Highlights:
 
·    All obligations regarding a previous Sanderson loan (see RNS dated 21 December 2016) have now been settled.
·    This comprehensive financing package of more than US$2 million has been designed to provide the Company with sufficient working capital, and
·    integrated with cashflow from the Company's operating mine at West Kytlim will allow the Company to carry out its 2017 objectives.
 
Christian Schaffalitzky, Managing Director said: 'We feel our finances are now well arranged, especially in light of income from production at our West Kytlim Mine this year, in 2018 and for its projected 12-year life.'
 
Further details:
 
Sanderson Capital Partners financing
 
The loan agreement, entered into with Sanderson on 21 December 2016 (see RNS dated 21 December 2016) for a principal of £1 million has been repaid and a new facility comprising a principal amount of £250,000 has now been arranged with Sanderson Capital Partners Limited over a twelve-month term (the "Sanderson Loan Agreement"). The Sanderson Loan agreement is interest fee and has a repayment date of 12 May 2018  
 
Eurasia has applied for immediate drawdown of the Sanderson Loan, and accordingly a drawdown fee of 15%, and a 5% legal and documentation fee for a total of £50,000 are now due. This is to be satisfied by the issue of 10,526,316 ordinary shares at a price of £0.00475.
 
Under the terms of the Sanderson Loan Agreement the loan must be used for working capital purposes and Sanderson has the right (but not the obligation) to convert all or part of the loan into Ordinary Shares of the Company at a price of 0.475p per Ordinary Share.
 
 
 
Loan Agreement arranged by Riverfort Global Capital
 
The Company has also executed a loan agreement with YA II PN Limited, on behalf of a consortium of investors arranged by London based Riverfort Global Capital Ltd for US$1,250,000, with a repayment date of 15 May 2018 although this can be extended, by mutual agreement, for a further 6 months for a fee of 6% of the then outstanding principal (the "Riverfort Loan"). The loan agreement was executed with YA as the lead investor with a participation by Cuart Growth Capital Fund ('The Investors').
 
Eurasia has arranged for immediate drawdown of the whole Riverfort Loan.
 
Interest applies on the loan at a rate of 14% although with a three-month repayment holiday on both interest and principal. An implementation fee of US$100,000 is immediately deductible from the principal amount on transfer of funds.
 
 The Investors may elect, at their discretion, to convert all or part of the loan repayments (interest and principal) into shares in the Company, at, the lower of a share price of £0.006 and, 90% of the Company's lowest daily volume weighted average price('VWAP') during the five days prior to conversion.
 
In addition, the agreement includes the issue of Warrants to YA (and any affiliated party of YA), at 50% cover of the principal amount, and at a 20% premium to the VWAP in the 30 days preceding the agreement. Consequently the Company has today issued 80,749,333 warrants at an exercise price of £0.006 per warrant. The warrants issued shall have a subscription period of three years.
 
Loan Agreement with Dmitry Suschov
 
The Company today has executed an agreement with Dmitry Suschov for a convertible loan of up to US$500,000 (the "Suschov Loan Agreement").  The Suschov Loan is convertible at any time into Ordinary Shares in the Company, at a price of 0.475p per Ordinary Share.
 
Under the terms of the Suschov Loan Agreement US$500,000 will be immediately drawn down by the Company. Interest accrues on the Suschov Loan at a rate of 15% which is to be satisfied by either cash payments or the issue of equity at a price of 0.475p per Ordinary Share.
 
In addition, Dmitry Suschov will be issued with a warrant to subscribe, at any time for the next three years, for 10,000,000 Ordinary Shares in the Company at an exercise price of 1p, i.e. 217% of the current market share price.
 
Following this transaction, and assuming full conversion of the loan and exercise of warrants, Dmitry Suschov would be interested in 391,031,912 Ordinary Shares in the Company, representing 23.71% of the issued share capital.
 
The directors of the Company consider, having consulted with the Company's Nominated Adviser WH Ireland Limited, that the terms of the transaction are fair and reasonable insofar as the shareholders are concerned.
 
Issue of Equity
 
Following the execution of the Sanderson Loan Agreement, the Company has today issued and allotted new shares in lieu of the Sanderson drawdown and legal fees. The total number of shares issued amounts to 10,526,316 at a share price of £0.00475 ("Sanderson Shares").
 
Accordingly, application has been made for the Sanderson Shares to be admitted to trading on AIM and Admission is expected to become effective on 26 May 2017. The Sanderson Shares will rank pari passu in all respects with the Company's existing Ordinary Shares in issues.
 
 
Total Voting Rights
For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of the Company following the allotment of the New Shares consists of 1,543,050,489 Shares with voting rights attached (one vote per Share). There are no Shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, Eurasia under the DTRs.

http://www.moneyam.com/action/news/showArticle?id=5552429

banjomick - 31 May 2017 08:12 - 133 of 269

31 May 2017 
Eurasia Mining plc (AIM: EUA)

 Russian State Subsoil Agency approves Maiden Reserves at the Monchetundra Project

Eurasia Mining plc ("Eurasia" or the "Company"), the platinum and gold production company, announces that the Reserves Report and Feasibility Study for the Monchetundra palladium and platinum Project, submitted in late December 2016 (see RNS dated 22 December 2016), have now been approved by the Russian State Agency for Subsoil Use ("Rosnedra").

These Maiden Reserves are the first to be approved on the Monchetundra License. The notice regarding their approval at the State Commission on Mineral Reserves ("GKZ") was given on the 03 April 2017 (see RNS dated 03 April 2017) after which the report progressed to Rosnedra. These Reserves and Resources are attributable to Eurasia's 80 per cent owned Terskaya Mining Company ("TGK").

Highlights:

·     Global, state approved Reserves and Resources within the Monchetundra Project comprise Russian standard C1 and C2 categories of 55.9 tonnes ("t") (1.9 million ounces) palladium equivalent (palladium and platinum) with major additional gold and base metal credits, at two open pittable locations.

·     The Reserves are now fully compliant, as defined under GKZ standards, and final approval has been received at Rosnedra and the Reserves and Resources have been entered to the state balance.

·     An application for a Discovery Certificate attributing mining rights to the holder is to be lodged shortly.

Christian Schaffalitzky, Managing Director of Eurasia commented,
"This is an incredibly important development at our Monchetundra Project which we have been working on for more than 10 years now.

"Much of the 30 kilometers ("km") of drilling on the license was financed through a Joint Venture with Anglo American Platinum who sold their equity to Eurasia in 2014. Since that time, Eurasia have managed to continue to advance the project through to the Feasibility Study and Reserves approval, Engineering Procurement and Construction ("EPC") contract and financing - a considerable undertaking for an exploration company with a very limited budget.

"This excellent result has come considerably quicker than we had anticipated, as the Reserves Report and the Feasibility Study were only submitted for approval on the 31st December 2016.

"The application for the award of a Discovery Certificate has already commenced, and following that, Eurasia will be entitled for a Production License, thus following the same route as our West Kytlim project which we brought in to production in 2016. In parallel, we are working on creating partnerships with qualified firms to help realise the potential of this significant platinum, palladium, gold, copper and nickel mine, with the bonus of having an EPC contract with the financing inside it already in place.
"Our proposed route to development is similar to the model applied to our already producing mine at West Kytlim. As the Monchetundra open pit mine is significantly larger, a management company with experience in beneficiating platinum group metals ("PGM") ores will be employed.  These discussions have been underway for almost one year and are now advanced.

"In 2016, Eurasia made the transition from an exploration company to a production company and, in 2017, the West Kytlim mine will achieve its first year of production, with a further ramp up in production every year to 2020 and Life of Mine to 2028. West Kytlim may therefore underpin the Company going forward, as we further advance our Monchetundra Project and, indeed, the Semenovsky tailings project. We are pleased to announce that these Reserves comprise almost two million ounces total contained PGM."

Details

***via Link Below***

http://www.moneyam.com/action/news/showArticle?id=5558242

driver - 31 May 2017 08:42 - 134 of 269

Excellent news $1.8b plus of reserves, should see a nice steady rise from here, M/Cap should be ten times the £8m where we are today.

driver - 31 May 2017 19:12 - 135 of 269

Tip TV Mining – Kola Peninsula project gets a nod from Russia state agency – Eurasia Mining.

http://tiptv.co.uk/tip-tv-mining-kola-peninsula-project-gets-nod-russia-state-agency-eurasia-mining/
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