IN BRIEF: Uru Metals says nickel demand "continues to grow"

Uru Metals Ltd - mineral exploration and development company which counts Zebedelia nickel ...

Alliance News 27 December, 2023 | 6:40PM
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Uru Metals Ltd - mineral exploration and development company which counts Zebedelia nickel project in South Africa as "flagship" asset - Reports no revenue in half-year ended September 30, unchanged annually. Net loss narrows to USD374,000 from USD436,000 year-on-year. Administrative expenses decline 9.1% to USD396,000 from USD436,000 on-year. Says Zebedelia project remains "key venture" for firm, given its near-74% stake in Zeb Nickel Corp. "The demand for nickel, essential in lithium-ion batteries and the burgeoning electric vehicle market, continues to grow, highlighting the importance of our project," Uru adds.

Current stock price: 51.80 pence

12-month change: down 65%

By Eric Cunha, Alliance News news editor

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Security Name Price Change (%) Morningstar
Rating
URU Metals Ltd 50.00 GBX 0.00 -

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