URU Metals Ltd.
URU · AIM · Basic Resources · mcap £4.0m · 2.7p 2 open situations →
- Share price 1y
- −74%
- Insiders 12m
- no deals
- Next report
- around 22 Dec
Timeline · every situation
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Project milestones◷ in 13 days
Zeb Nickel drilling programme
Contract signed; mobilisation scheduled
URU's subsidiary Lesego Platinum Uitloop signed the drilling contract for the next phase at the Zeb Nickel Project on 22 Oct 2026. Drilling at Zone 2 is meant to provide the data needed to work towards a maiden Mineral Resource estimate. Start remains subject to site-readiness and health and safety requirements.
- Contract signed
- 22 October 2026, by subsidiary Lesego Platinum Uitloop (Pty) Ltd 22 Oct 2026 ↗
- Mobilisation
- Contractor to mobilise to site by 2 November 2026 22 Oct 2026 ↗
- Next milestone
- Drilling expected to commence by 9 November 2026 22 Oct 2026 ↗
- Initial target
- Zone 2, holes positioned using the completed Leapfrog 3D geological model 22 Oct 2026 ↗
- Goal
- Data to work towards a maiden Mineral Resource estimate for nickel-copper-PGE mineralisation 22 Oct 2026 ↗
- Conditions
- Completion of remaining site-readiness and health and safety requirements 22 Oct 2026 ↗
Next: Drilling to commence at Zone 2; contractor mobilises by 2 November · 9 Nov 2026
- 22 Oct 2026 Contract signed; mobilisation scheduled
Dilutive fundraise
Placing of 31% of the market value
completed
URU Metals Ltd. is raising £1.25m by placing, 30.9% of its market value; the shares moved −25% on the day.
- 30 Sep 2026 completed · -25% on the day
Company filings. Not investment advice.