URU Metals Limited Update on Mining Right Application (5591W)
11 Diciembre 2019 - 8:07AM
UK Regulatory
TIDMURU
RNS Number : 5591W
URU Metals Limited
11 December 2019
11 December 2019
URU Metals Limited
("URU" or "the Company")
Update on Mining Right Application
The Company wishes to update the market on progress made with
respect to the Mining Right Application:
URU is pleased to announce that the Company continues to make
progress in advancing the Mining Right Application as announced on
the 30 August 2019. The public consultation process for the scoping
phase of the Environmental Authorisation process, which is part of
the Mining Right Application process, ended on the 2(nd) of
December 2019 and a public open day was held in terms of NEMA
regulations on 14 November 2019. Over 103 interested and affected
parties ("I&AP's") attended the open day and the comments
received have been incorporated into the Final Scoping Report which
was submitted to the South African Department of Mineral Resources
and Energy ("DMRE") for review on 10 December 2019. The scoping
phase of the study is conducted in order to determine preliminary
impacts of planned future mining operations and to provide
mitigation measures for the impacts identified.
The next phase of the mining right application will commence
once the Company receives the approval of the Final Scoping Report
from the DMRE which is anticipated to be received in Q1 2020.
CEO of URU Metals, Mr John Zorbas, commented: "We are delighted
with the progress made on securing the mineral rights for a further
30 years and taking the project another step closer to development
by systematically overcoming regulatory hurdles."
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
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END
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