2nd Mar 2022 13:24
URA Holdings PLC - strategic minerals exploration in southern and central Africa - Starts trading on London Main Market on Wednesday, having issued 52.5 million placing shares and 60.0 million to the sellers of operating subsidiary Malaika Developments Ltd. With 141.8 million shares total in issue, URA starts trading with GBP3.2 million market capitalisation, as shares are quoted at 2.25 pence each. It previously was listed in London as a cash shell, but its shares were cancelled in 2018. Malaika has two adjacent exploration licenses in Zambia, covering 1,284 square kilometres squared, to look for graphite, lithium and rare earth elements. URA is led by Ed Nealon and Bernard Oliver as chair and chief executive officer, respectively, who also hold the same roles at AIM-listed Lexington Gold Inc. Sam Mulligan will be in-country operations director, based in Lusaka. Read More
