Eurasia Mining (EUA): West Kytlim disposal
This situation live
EUA Eurasia Mining
29 Dec 2025 · Terms agreed in principle; shareholder vote pending · −37% until the next step
The terms of the Sale Agreement described below and in the Circular have been agreed in principle with the buyer but will only be entered into once state approval is received.
20 Apr 2026 · Pending; completion still expected, no date given · −12% until the next step
The Company is working with the appropriate parties to ensure the completion of both the West Kytlim sale and the Monchetundra detailed design completion, as announced in December 2025, as soon as pra
30 Jun 2026 · Board keeping equity raise option open · −4% until the next step
For these purposes we are recommending that shareholders support a limited headroom increase to keep this option open
30 Jul 2026 · Equity raise ruled out before peace; sale-funded plan · −24% until the next step
If peace is delayed, we will instead pursue the WK sale and launch Kola on that basis without any shareholder dilution.
30 Sep 2026 · Shareholder-approved; no completion news · +47% since
Our majority interest in the West Kytlim mine, held through our 68% ownership in Kosvinsky Kamen, was approved for sale by shareholders in January this year.
West Kytlim disposal
Shareholder-approved; no completion news
Next: state approvals for the sale; no date given
Every step · 5
- 29 Dec 2025 Terms agreed in principle; shareholder vote pending – The terms of the Sale Agreement described below and in the Circular have been agreed in principle with the buyer but will only be entered into once state... ↗
- 20 Apr 2026 Pending; completion still expected, no date given – The Company is working with the appropriate parties to ensure the completion of both the West Kytlim sale and the Monchetundra detailed design completion,... ↗
- 30 Jun 2026 Board keeping equity raise option open – For these purposes we are recommending that shareholders support a limited headroom increase to keep this option open ↗
- 30 Jul 2026 Equity raise ruled out before peace; sale-funded plan – If peace is delayed, we will instead pursue the WK sale and launch Kola on that basis without any shareholder dilution. ↗
- 30 Sep 2026 Shareholder-approved; no completion news – Our majority interest in the West Kytlim mine, held through our 68% ownership in Kosvinsky Kamen, was approved for sale by shareholders in January this year. ↗
What is happening
Eurasia Mining: West Kytlim disposal – Shareholder-approved; no completion news. ['Shareholder-approved; no completion news']
- Announced
- 29 Dec 2025 · Terms agreed in principle; shareholder vote pending
- Latest
- 30 Sep 2026 · Shareholder-approved; no completion news
- Why
- Sell West Kytlim to focus on the Arctic assets holding 99.7% of reserves and resources.
- Value
- Cash consideration stated as RUB 671.2M (approx. US$9M), not stated in GBP
- The business
- Loss-making · H1 2026 West Kytlim revenue £2,297,735 and profit approximately £0.8 million
- Use of money
- Reinvest in the business
- What it changes
- No material change: West Kytlim earned revenue and profit in H1, but the sale approvals, Monchetundra and NKT milestones and Arctic financing remain unresolved and tied to peace developments.
What comes next
state approvals for the sale; no date given.
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Also at Eurasia Mining 1 open
Project milestonesNKT feasibility study and mining licence – No new milestone reported
Eurasia Mining – company page →