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Uru Metals Investors - URU

Share Name	Share Symbol	Market	Stock Type
Uru Metals Limited	URU	London	Ordinary Share

	Price Change	Price Change %	Share Price	Last Trade
	0.00	0.00%	50.00	08:00:09

Open Price	Low Price	High Price	Close Price	Previous Close
50.00	44.40	50.00	50.00	50.00

more quote information »

Industry Sector
INDUSTRIAL METALS

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Posted at 29/12/2023 13:35 by triskelion Cash and cash equivalents down to US$383,000. One increasingly wonders what the point if any of URU's ongoing existence might be, never mind the costs of maintaining its AIM "listing". Without doing a deep dive, one wonders if it should transfer its subsidiary's holding of ZEB Nickel Corp. to URU shareholders in return for cancelling members' shareholdings in URU. "URU’s continuing role as the technical operator of the Project" - presumably at least in theory could be transferred to ZEB Nickel Corp...? ZEB Nickel Corp. is listed on the Toronto Stock Exchange so presumably can be dealt on the usual UK retail investor platforms and regulatory environment much the same as AIM? zebnickel.com Read Full Thread Reply
Posted at 11/5/2023 17:26 by hedgehog 100 02/05/2023 11:14 Alliance News Alliance NewsIN BRIEF: Seed Capital hires Uru Metals CEO John Zorbas as CEO LSE:SCSP Seed Capital Solutions Plc 02/05/2023 07:30 UK Regulatory (RNS & others) Seed Capital Solutions PLC Board Changes LSE:SCSP Seed Capital Solutions Plc "Seed Capital Solutions plc (LON: SCSP), a Company formed for the purpose of acquiring a business or businesses operating in market sectors that can display strong ESG credentials, is pleased to announce the appointment of John Zorbas ("John") as Chief Executive Officer ("CEO"). John Zorbas, aged 52 has over 15 years of experience in global equity markets in an executive role. He is CEO of AIM listed URU Metals Ltd (AIM: URU), a position he has held since 2014. Since 2021 John has been working in the ESG space as a Non-Executive Director at Zeb Nickel Corp and PowerTap Hydrogen Capital Corp. Mr Zorbas will take up his position as CEO of Seed Capital Solutions Plc with immediate effect. Incoming CEO John Zorbas commented: "I am delighted to join the Seed Capital Solutions Board at the start of a game changing investment journey. More than ever the world needs sustainable solutions to societal problems, and this is a factor that investors have become increasingly aware of." "ESG solutions need support and investment more than ever before, and I look forward to seeking out innovative companies with the requisite credentials to accelerate our growth as a UK listed company." Chairman Damion Greef commented: "I am pleased and excited to have John Zorbas join us as CEO of Seed Capital Solutions Plc. John has a global mindset and longstanding experience of multiple financial markets and is also an experienced investor in ESG opportunities. We look forward to bringing this experience to bear as we assess acquisition targets." The Company also announces that Non-Executive Director Derek Ward will be stepping down. The Board would like to thank Derek for his efforts in bringing Seed Capital Solutions to market and wish him well for the future." Read Full Thread Reply
Posted at 09/3/2022 15:47 by hedgehog 100 $0.40 0.03 (8.108%) ZBNI moving up again today, now to the 40c. level. Which leaves URU looking even more undervalued. Canadian investors will likely have closer contact with the company than us Brits, and could perhaps have got wind of imminent news - i.e. that the long-awaited drilling results are finally to be announced. And what a perfect moment to announce great nickel drilling results, for one of the world's largest nickel sulfide projects! Read Full Thread Reply
Posted at 08/3/2022 15:33 by hedgehog 100 "Poseidon bubble From Wikipedia, the free encyclopedia ... In early September its shares, which had been trading at $0.80, began rising on insider trading (which was not illegal at the time). On 1 October, Poseidon announced that drilling had struck 40 metres of ore averaging 3.56% nickel and the share price immediately rose until Poseidon shares were trading at $12.30. After that, very little further information came to light but the price continued to climb on speculation. At one point, a UK broker suggested a value of up to $382 a share.[4][3] The price of Poseidon shares quickly became too high for many investors, so some turned to stocks in other companies exploring near Windarra, and eventually other nickel mining stocks in general. As the price of mining shares grew, new companies were listed by promoters hoping to cash in. From October to December 1969 the ASX All Mining index rose by 44%. Mining stocks peaked in January 1970, then immediately crashed. Poseidon shares peaked at an intraday high of $280 in February 1970, and fell rapidly thereafter.[3] ..." Thanks for that useful reminder T.C. So nickel mining company Poseidon 350-bagged in 6 months in the nickel boom 50 years ago, from 80c. to $280. A timely reminder not to sell too early in the current nickel boom ... but equally not to get too greedy either if things start looking overheated. Not always an easy balance, but at 250p the URU risk looks firmly on the upside. P.S. Hope you don't mind me calling you T.C. ... "Providing it's with dignity"! Read Full Thread Reply
Posted at 08/3/2022 14:20 by the count of monte_cristo London Metals exchange will probably be closed tomorrow and on Wednesday, mainly due to the Chinese investor and his short position. It's a mess. Will further highlight the nickel story. Read Full Thread Reply
Posted at 08/3/2022 13:52 by hedgehog 100 The Count of Monte_Cristo 8 Mar '22 - 11:07 - 2892 of 2895 0 0 0 "HH, are you also looking at HZM? ..." Yes T.C., That's clearly another nickel stock performing well over the last few days. Horizonte Minerals (HZM): current market capitalisation, at 7.4p: £281.38 million. It's two nickel resources contained the following amount of nickel metal - Araguaia: 1.525 million tonnes Vermelho: 1.526 Million tonnes = 3.051 million tonnes aggregate I.e. less than the 3.9 million tonnes of nickel metal in URU's Zeb Nickel Project resource. HZM's grades are higher, but its resources are nickel laterite deposits, whereas Zeb is a nickel sulfide deposit. Nickel sulfide deposits have far lower production costs, are greener, and are also far more suitable for use in EV (electric vehicle) batteries. - Mudd, G M, 2009, "Nickel Sulfide Versus Laterite : The Hard Sustainability Challenge Remains": " ... sulfide ores are easier to process, through conventional mining, smelting and refining, compared to laterite ores which require intensive hydrometallurgical processing (such as high pressure acid leaching or HPAL). This means that laterite ores typically require substantially more energy and chemicals to produce than sulfide nickel. ..." "Is it time for lower grade nickel sulphide projects to shine? By: Matt Fernley Posted on - 20 Dec 2021 This article first appeared in the November 2021 edition of Battery Materials Review. ... We believe that it’s time for lower grade nickel sulphide projects, historically shunned by the market, to start to shine. ... Increasingly then, the Majors are looking to the sort of bulk tonnage, lower grade sulphide projects which have historically been shunned by investors. There’s another consideration though, and it’s going to be an important one for battery grade nickel projects. Environmental considerations to come to the fore We’ve already seen a number of Majors flirt unsuccessfully with low grade, bulk tonnage laterite nickel projects. ... So, for battery raw materials, I would suggest that investors look much more closely at lower grade nickel sulphide projects ..." "Electric Vehicles: The Dirty Nickel Problem ... Published September 27, 2020 By Cliff Rice ... Nickel is mined from two types of deposits — sulphide and laterite. Sulphide nickel occurs in hard rock that has formed from crystallization of magma with the proper conditions and chemistry. Laterite nickel is a product of the weathering of ultrabasic bedrock under proper conditions of rainfall, drainage, temperature, and slope in the tropics. Nearly all nickel currently used in batteries comes from sulphide nickel. This is because batteries require nickel of high purity, which is usually obtained from sulphide nickel. Also, sulphide nickel can be mined, smelted, and refined with less environmental impact than laterite nickel. So, when Mr. Musk or other electric vehicle manufacturers indicate they want nickel which is efficient and environmentally friendly, they mean sulphide-sourced “clean” nickel. The problem part of the “dirty nickel problem” is that sulphide nickel sources are limited. Most known locations with sulphide nickel are already being mined and cannot be readily expanded. Some of these mines are on the surface, but many are subsurface mines, sometimes with the nickel ore being brought up from thousands of feet below ground. Greatly increasing the output from such mines is problematic. Furthermore, recent discoveries of new locations with sulphide nickel have been small and finding them has been costly. So, we should not expect new discoveries to have much effect on sulphide nickel ore supplies. This leaves us with laterite nickel, the dirty part of the “dirty nickel problem.” Laterite nickel is not just dirty, it is simultaneously dirty in four different ways. First, because laterite nickel ore has lower and variable concentrations of nickel, it takes a lot of energy to smelt it — in fact, many times as much as smelting sulphide ore. This energy is almost exclusively provided by burning coal. Typically, it takes 25 to 30 tons of coal to produce a single ton of nickel. When all the CO2 emissions are counted, smelting and refining laterite nickel releases nearly 90 tons of CO2 for every ton of nickel produced. That means an average electric vehicle with a 50 kg battery, 4 tons of CO2 were released during its production. Depending on the type of power used to charge that battery, that means one would have to drive that car for 4 years to break even on the CO2 footprint based on the manufacture of the battery alone. Instead of smelting, laterite nickel can also be handled by a lovely-sounding process called high-pressure acid leaching (HPAL). The CO2 produced by HPAL is about one third that of laterite smelting, but still several times as much as even the more carbon-intensive variants of sulphide processing. Not only that, but HPAL produces large amounts of waste — unstable and hazardous tailings, acid slurry, and magnesium sulphate effluent. The difficulty in storing these products in areas of high rainfall (as laterite nickel producing regions are) and earthquake-prone locations has led to the proposal that they should be discharged into the deep sea. This is not an environmentally friendly option. For all these reasons, HPAL is the second way laterite nickel is dirty. The third way laterite nickel is dirty is through the destruction of tropical rainforest — and not just any rainforest. Because of accidents of climate and geology, laterite nickel deposits are most extensive in Indonesia and the Philippines. These two countries account for 75% of laterite-nickel production. They are also considered biodiversity hotspots in that they are exceptional in the number and uniqueness of species that occur there. Therefore, effective conservation of their biological resources is a high priority. Because laterite nickel deposits are widespread, low grade, and shallow, strip mining is the only realistic method of obtaining this ore. The first step in strip mining is, naturally, to remove everything growing on the surface. I estimated that over 40% of the nickel mines on the island of Sulawesi in Indonesia stripped intact rainforest to get to the nickel ore. Recent assessments by the United Nations and others have highlighted the accelerating rate of species loss on our planet. Strip-mining for laterite nickel is a threat to efforts to arrest and reverse these trends. Importantly, due to the geochemistry involved, laterite nickel deposits often form along ridges and hilltops. A moment’s thought is all it takes to predict what will happen when heavy tropical rain falls on ridges and hilltops from which all vegetation has been removed. The rains will wash away any loose dirt, sand, or grit that has been exposed. Indonesia and the Philippines are island nations, and none of the islands with laterite nickel are very large. As a result, sediment washed off of nickel mines is, in short order, carried out to sea. In the tropics, “out to sea” means onto coral reefs. This is the fourth way laterite nickel is dirty nickel. Coral reefs around the world are already in crisis due to rising temperatures, pollution, and exploitation. Sediment settling out of discharge from streams and rivers severely exacerbates these issues. Coral reefs are the rainforests of the sea, and are also important in supporting local livelihoods through fishing and tourism. So, an environmentally conscious person looking to minimize their personal impact and still meet their transportation needs might view sulphide nickel mining as a kind of necessary evil — necessary for the battery component of an electric vehicle. Laterite nickel, however, can only be viewed as a net loss environmentally and an ugly one at that. Certainly, electric vehicle manufactures cannot live up to their professed good intentions of using “environmentally friendly” nickel if that nickel comes from laterite deposits. ..." Read Full Thread Reply
Posted at 03/3/2022 10:44 by hedgehog 100 Lower grade nickel project's like URU's are actually far more geared to a rising nickel price than higher grade nickel projects, as it is far more transformative for their economics. And now that the initial Ukraine war panic is over, investors are waking up to the fact that nickel plays like URU are actually an ideal investment right now, as shown by today's recovery in the BRES (Blencowe Resources) share price after its recent falls. Thanks to Gardenboy for these useful recent posts from a BRES thread: gardenboy 22 Feb '22 - 13:01 - 250 of 303 0 4 0 ""While current Class 1 nickel production is dominated by sulfides, the basic issue facing the industry is that large, high quality sulfide deposits are becoming increasingly difficult to find as the low hanging fruit has already been plucked in previous mining cycles. As such, roughly 73% of undeveloped nickel resources globally are now hosted within laterite deposits. New sulfide deposits will continue to be discovered in the years ahead, but not nearly at the pace necessary to keep up with battery-driven demand " From theassay.com" gardenboy 22 Feb '22 - 19:56 - 255 of 303 0 4 0 "The market has got this wrong for now. Nickel warehouse inventory is getting very low. There are forecasts of $50,000/t coming soon. There are so few globally significant nickel sulphide deposits around the world and sulphide is so much easier to process compared to laterite and sulphide easily makes the best battery grade material. If Blencowe can build up a decent JORC figure then the sky is the limit here." Read Full Thread Reply
Posted at 03/3/2022 10:26 by hedgehog 100 "Is it time for lower grade nickel sulphide projects to shine? By: Matt Fernley Posted on - 20 Dec 2021 This article first appeared in the November 2021 edition of Battery Materials Review. The bidding war over Noront Resources and the flurry of nickel offtake agreements announced between automakers and nickel producers seems to suggest that EV and battery industry participants have (at last) woken up to the impending scarcity of class 1 nickel resources. As we discussed in November’s other BMR Focus article, we believe that ternary (high nickel) chemistries will remain vital in EV land for at least the next decade, probably longer, which means that the demand story for nickel will remain intact. With the bidding war for Noront continuing, we ask – what next for nickel? We believe that it’s time for lower grade nickel sulphide projects, historically shunned by the market, to start to shine. ... Economics of lower grade sulphide projects Given that production focus in the world of nickel has always been on higher grade projects (Norilsk, Western Australia), many investors turn their noses up in the air at the thought of investing in a low grade, high tonnage deposit. But actually this view is rather blinkered, and to explain that let’s use the example of copper. ... Small high grade or large low grade? Well, it kind of depends what your preference is. Australian investors often get sniffy about lower grade deposits abroad, but the fact is that from a mining point of view it’s simpler and cheaper to mine a large tonnage open pit than it is a high grade, underground occurrence, particularly as those high grade mines get older and the operating areas move further away from the shaft or decline. ... Environmental considerations to come to the fore We’ve already seen a number of Majors flirt unsuccessfully with low grade, bulk tonnage laterite nickel projects. ... So, for battery raw materials, I would suggest that investors look much more closely at lower grade nickel sulphide projects ..." "Zeb Ni-PGE Project The Zeb Nickel Project is a Class 1 Nickel sulfide project that contains over 3.9 million tons of nickel and is ranked 8th in the global top ten nickel sulfide resources by contained metal. The project is amenable to open cast mining with a relatively small environmental footprint." Read Full Thread Reply
Posted at 02/3/2022 14:46 by hedgehog 100 19/01/2022 07:55 UK Regulatory (RNS & others) URU Metals Limited Zeb Nickel Corp. announces trading on OTCQB LSE:URU Uru Metals Limited "URU Metals Limited (AIM: URU) is pleased to announce that ZEB Nickel Corp. has received final approval from the OTC Markets Group to begin trading on the OTCQB market under the ticker symbol "ZBNIF" at market open on January 19, 2022. The Company through its 74.82% interest in Zeb Nickel Corp remains the primary focus of URU. Trading on the OTCQB Market is a positive step forward for both the Zeb Nickel Corp and its shareholders, allowing Zeb Nickel Corp to now have access to the United States investment community, through its new U.S. listing on the OTCQB. With the support of the OTC Markets Group, the company expects to be able to continue to advance the company within the U.S. investment community. The OTCQB is the premier venture marketplace for developing junior resource companies in the United States with its commitment to providing a high-quality trading platform for U.S. investors. To be eligible, companies must meet high financial standards, including being current in their financial reporting, follow best practices corporate governance, have professional third-party sponsor introduction, demonstrate compliance with U.S. securities laws, and undergo an annual verification and management certification process. The OTCQB is recognized by the Securities and Exchange Commission as an established public market that provides current public information to investors the need to analyze, value and trade securities. For further information on ZEB Nickel Corp. please visit www.zebnickel.com" "ZBNIF ZEB Nickel Corp. Ordinary Shares 0.22" "MARKET CAP Market Cap 12,074,653" US$12.074M. = c. £9.056M. URU owns 74.82%, = c. £6.77m. Current URU market capitalisation at 1.35p: £2.22M. With the price of nickel soaring, and Zeb Nickel well-financed and with a huge nickel resource, URU now looks looks like a real buy opportunity. Read Full Thread Reply
Posted at 20/9/2021 07:14 by terminator101 Nice of Zorbas to remind investors of the terms of the death spiral finance, a 35% discount. But its Ok as he posted a few signs up today :-) Read Full Thread Reply

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