Business
Notice of EGM
Notice of EGM.
About this update from Eurasia Mining Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0522V\n Eurasia Mining PLC\n 09 April 2021\n \n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.\n \n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN EU REGULATION NO. 596/2014 AND IS IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 7 OF THAT REGULATION.\n \n \n \n \n \n \n \n \n \n \n \n Eurasia Mining Plc\n \n \n \n \n \n Notice of Extraordinary General Meeting\n \n \n \n \n \n \n \n \n Eurasia Mining plc (\"Eurasia\" or the \"Company\"), \n the palladium, platinum, rhodium, iridium and gold producing company, announced that an Extraordinary General Meeting (the \"EGM\") of the Company will be held at the East India Club, 16 St James's Square, London, SW1Y 4LH at 11am on 28 April 2021.\n \n \n \n \n \n \n \n \n A statement from executive Chairman Christian Schaffalitzky follows below;\n \n \n \n \n \n \n \n \n Dear Shareholder,\n \n \n \n \n \n As announced on 26 March 2021, Eurasia entered into a transformational joint venture with Rosgeo (the \"JV\" or the \"Rosgeo JV\"), a 100% Russian state-owned company, to gain a 75% equity stake in nine PGM and battery metals assets (four of which are post Russian Feasibility Study with state approved reserves) with a total of 104.6Moz of Platinum equivalent Russian Code reserves and resources in the immediate vicinity of the Company's Monchetundra Project on Kola. The remaining 25% equity stakes will be held by Rosgeo.\n \n \n \n \n \n The Directors of Eurasia are recognising several dominant market trends:\n \n \n \n \n \n · \n greener world (including hydrogen economy, EVs, hydrogen and electric hybrids) driving the demand for PGM and battery metals resulting in more favourable metal prices;\n \n \n \n \n \n · \n ESG focused open pit mining sources of PGM and battery metals;\n \n \n \n \n \n · \n expected PGM and battery metals supply challenges driven by legacy issues in the traditional mining districts of SAR and Russia; and\n \n \n \n \n \n · \n the emergence of Kola as a new district for predominantly open-pittable PGM and battery m...