EUA Eurasia Mining Plc

TIDMEUA

Eurasia Mining PLC

24 September 2021

NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO U.S. NEWSWIRE SERVICES OR IN THE UNITED STATES OR IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

EURASIA MINING PLC

("Eurasia" or "the Company")

Completion of US$15m financing for Rosgeo JV

24 September 2021

Eurasia Mining Plc ("Eurasia" or the "Company"), the palladium, platinum, rhodium, iridium and gold producing company, is pleased to announce that the financing released via RNS on 20 September 2021 was successfully completed on the previously announced terms.

Summary Highlights:

-- H.C. Wainwright & Co. acted as the exclusive placement agent in the United States for this financing

-- The Directors have reduced the financing size to approximately $15m from the higher amount offered to Eurasia

   --      The cash balance of Eurasia now is about $35m with no debt 

-- The financial position of the Company is sufficient to accomplish its commitments in relation to Rosgeo JV, where a JORC resource by Wardell Armstrong is to be announced shortly

Comments

Christian Schaffalitzky, Executive Chairman commented: "The Directors are pleased that more institutional investors have joined our shareholder base, as we reach another important milestone. We look forward to providing further updates".

ENQUIRIES:

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 palladium, platinum, rhodium, iridium and gold producing company, operating the established West Kytlim Mine in the Urals, and also 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.

About H. C. Wainwright

H. C. Wainwright team has been the leader in the PIPE (private investment in public equity) and RD (registered direct offering) transaction markets. According to Sagient Research Systems, H. C. Wainwright team has been ranked the #1 Placement Agent in terms of the aggregate number of PIPE and RD transactions cumulatively since 1998.

IMPORTANT NOTICES

This Announcement or any part of it shall not cons ti tute or form part of any offer to issue or sell, or the solicita ti on of an offer to acquire, purchase or subscribe for, any securi ti es in the United States and in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities mentioned herein have not been and will not be registered under the United States Securi ti es Act of 1933, as amended (the " US Securi ti es Act "), or with any securi ti es regulatory authority of any state or jurisdic ti on of the United States, and may not be offered, sold or transferred, directly or indirectly, in or into the United States except pursuant to an exemp ti on from, or in a transac ti on not subject to, the registra ti on requirements of the US Securi ti es Act and in compliance with any applicable securi ti es laws of any state or other jurisdic ti on of the United States.

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September 24, 2021 13:16 ET (17:16 GMT)

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