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URU Metals Raises GBP1 Million for Zeb Nickel Project in South Africa

MT Newswires·09/30/2026 04:00:20
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04:00 AM EDT, 09/30/2026 (MT Newswires) -- URU Metals (URU.L) raised 1.3 million pounds sterling after completing its oversubscribed placing of 50 million new ordinary shares. The mineral exploration and development company will use the proceeds for an initial eight-hole diamond drilling program, as well as geological, analytical, and technical activities at Zone 2 of its Zeb nickel project in Limpopo, South Africa, according to a Wednesday filing. Axis Capital Markets carried out the transaction, with the new shares expected to be admitted to the London bourse by Oct. 6.