12 June 2025
URU METALS LIMITED
Institutional Investment to Propel Zeb Nickel Project Towards Breakthrough Discoveries
URU Metals Limited (“URU” or the “Company”) is pleased to announce that following the
recent successes at URU Metals Limited, including significant regulatory and technical
milestones, a prominent institutional investor proactively approached the Company to
provide a £420,000 investment. This strategic funding will accelerate the next phase of
exploration at our flagship Zeb Nickel Project in Limpopo, South Africa, positioning URU to
unlock the immense potential of this high-grade nickel sulphide asset.
Key Highlights:
- Gross proceeds of £420,000 (“Institutional Investment”) raised through the issue of
12,000,000 new ordinary shares (“New Ordinary Shares”) at a price of 3.5 pence per
New Ordinary Share raised to drive advanced exploration, including airborne
electromagnetic surveys, cutting-edge 3D modeling, and precision drill targeting - Breakthrough 3D geophysical study reveals four high-priority, drill-ready targets,
with Target 4 identified as the densest body yet - Mining Right milestone achieved, aligning with Mining Charter III and reinforcing
URU’s strategic position in South Africa’s mining sector
Strategic Use of Proceeds of the Institutional Investment: - An airborne electromagnetic (AEM) survey to sharpen target precision
- Advanced geophysical interpretation and 3D modeling to integrate EM, gravity, and
magnetic data - A refined geological model to guide high-impact drilling campaigns
- Additional working capital
Unveiling Zeb’s World-Class Potential Recent 3D inversion studies by Geofocus (Pty) Ltd
have transformed our understanding of the Zeb Nickel Project, confirming a robust conduit
style sulphide system with striking similarities to globally renowned deposits like the
Uitkomst Complex. Key findings include: - Priority Targets 1 & 2 align with coincident gravity-magnetic anomalies beneath the
Uitloop intrusion, signaling potential for massive sulphide deposits - Target depths extend from 100m to over 800m, revealing untapped subsurface
potential far beyond historic drilling - A vertically stacked feeder-pipe architecture o ers a clear, cost-e icient path to
significant nickel sulphide discoveries
A defining moment for the Company was the recent Mining Right advancement by Lesego
Platinum Uitloop (Pty) Ltd on 25 April 2025 marks a critical step forward, ensuring
compliance with Mining Charter III and solidifying URU’s operational foundation. With robust
geophysical data and institutional backing, URU is poised to deliver transformative results
at Zeb.
Admission and Dealings of the New Ordinary Shares
The New Ordinary Shares will be issued as fully paid and will rank pari passu in all resprects
with the existing ordinary shares of the Company, including the right to receive dividends and
other distributions declared on or after the date on which they are issued.
Applications will be made to the London Stock Exchange for the New Ordinary Shares to be
admitted to trading on AIM at 8.00 a.m. on or around 18 June 2025.
Total Voting Rights
Following the issue of the New Ordinary Shares from the Institutional Investment, the
Company’s share capital and total voting rights will comprise of 64,367,275 Ordinary Shares.
This Figure of 64,367,275 may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their interest in, or a
change to their interest in, the Company.
John Zorbas, CEO, commented: “The Institutional Investment, initiated by an investor
inspired by our recent achievements, marks a turning point for the Company, empowering
us to unlock the vast potential of the Zeb Nickel Project. With clear drill targets, regulatory
momentum, and advanced geophysical insights, we are on the cusp of defining a world
class nickel sulphide resource. We invite investors to join us on this exciting journey towards
a major discovery.”
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018 (“MAR”), and is disclosed in accordance with the
Company’s obligations under Article 17 of MAR.
For further information, please contact:
URU Metals Limited
John Zorbas, CEO - +1 416 504 3978
SP Angel Corporate Finance LLP
(Nominated Adviser and Broker)
Ewan Leggat / Jen Clarke- 44 (0) 203 470 0470
- Axis Capital Markets Limited
(Joint Broker)
Lewis Jones
+44 (0) 203 0260320
