Annuncio • Jun 15
URU Metals Limited Publishes Zeb Nickel Project Investor Graphics URU Metals Limited had published a new set of investor graphics on its website to assist shareholders and prospective investors in understanding the regional setting, geological context, size and recently announced ground geophysics results at the Company's Zeb Nickel Project in Limpopo, South Africa. The graphics are intended to illustrate, in visual form, information previously announced by the Company in relation to the Zeb Nickel Project, including the recently completed ground gravity and frequency-domain electromagnetic survey work over Targets 1 and 2. No new assay results, drilling results or mineral resource estimates are being reported in this announcement. The newly published graphics comprise: Regional satellite image showing the Zeb Nickel mining right in relation to the Northern Limb of the Bushveld Complex, including the location of nearby major PGM-nickel-copper operations and projects, including Valterra Platinum's Mogalakwena operations and Ivanhoe Mines' Platreef Project. This image is produced to illustrate the asset size and proximity in comparison to more established major operators in the area. Regional geological image over the same area, showing the interpreted geological setting, the Platreef /reef outcrop position and the broader feeder-system context relevant to the Company's exploration model at Zeb Nickel. The image has been produced to document the scale of the anomaly that we are working to prove up. Detailed ground geophysics image showing the recently completed ground gravity and electromagnetic results over Target 1 and Target 2, highlighting the priority areas being integrated into the Company's 3D geological model for drill targeting. Image 3 produced to evidence the scale at which the electromagnetic work has produced positive results and its favourable location with respect to the magmatic plumbing system, supporting the geological model. The Company believes that these graphics will assist investors in understanding the scale, location and geological significance of the Zeb Nickel Project, particularly the relationship between the interpreted feeder system, the recently refined geophysical targets and the broader Northern Limb setting alongside the existing majors that already operate in the area. As previously announced, Target 1 remains the Company's priority follow-up target following the completed ground geophysics programme. The ground survey work has helped confirm and refine areas where conductive and dense geophysical responses occur in close proximity to the interpreted feeder system - a setting which the Company considers prospective for nickel-copper-PGE sulphide mineralisation. Target 2 remains of geological interest, but is currently ranked as a secondary follow-up area behind Target 1. The purpose of the completed ground survey programme was to reduce uncertainty, improve target definition and assist the Company in ranking targets before finalising the next phase of drilling. The Company will continue to integrate the ground geophysics results into its 3D geological model and refine the ranking, positioning and sequencing of drill targets across the Project. Once a drilling programme is finalised and a drilling contractor chosen the Company will update the market with anticipated drill dates. Geophysical anomalies are not, in themselves, evidence of economic mineralisation. The presence, grade, continuity and economic significance of any mineralisation can only be confirmed through drilling, sampling, assay and appropriate technical evaluation. Annuncio • Jun 05
URU Metals Limited Provides Update on Ground Geophysics Programme At Zeb Nickel Project URU Metals Limited provided a further update from the recently completed ground geophysics programme at the Zeb Nickel Project in Limpopo, South Africa. Following the confirmation of Target 1 as the Company's priority follow-up target, the final interpretation of the ground survey data over Target 2 has refined additional targets within the broader Zeb Nickel feeder system. Target 2 was selected as one of the priority airborne electromagnetic targets for ground follow-up. The objective of the ground programme was to determine whether the airborne targets could be confirmed from surface, to improve target definition, and to assist the Company in ranking targets ahead of the next phase of drilling. The Target 2 results show a more complex picture than Target 1 with the ground surveys also confirming underlying magnetic bodies associated with both the northern and southern Target 2 areas. The Company considers Target 2 to remain of geological interest, but as a secondary follow-up area behind Target 1. The results will now be incorporated into the Company's 3D geological model and ranked against the wider target pipeline at Zeb Nickel. Target 2 was originally identified from the airborne Spectrem electromagnetic survey flown in 2025. The ground survey work has now provided a clearer understanding of the target area. The airborne magnetic data indicates that there are still distinct magnetic bodies below surface in both the northern and southern Target 2 areas. These features may represent ultramafic rocks or related geological bodies within the broader feeder system. The Company will therefore treat Target 2 as a follow-up area rather than a primary target. Further work may include refined modelling, ground checking and possible scout drilling, depending on how Target 2 ranks against Target 1 and other targets across the Project. The Company will now integrate the Target 1 results into the Zeb Nickel 3D geological model and use the updated model to rank drill targets across the Project. The next phase of drilling will remain flexible and will be designed to test the best-ranked targets across the Project. This may include both Platreef-style nickel-copper-PGE targets and higher-grade massive sulphide targets associated with the interpreted feeder system. Final drill-hole locations, depths and sequencing will be determined after the new ground geophysical data has been integrated into the Company's 3D geological model. This approach is consistent with the Company's stated work programme, which includes updating the Leapfrog 3D model, defining the number and position of drill holes, planning Ni-Cu-PGE resource drilling in Zone 2, testing high-grade nickel targets in Zone 3 and drilling overlapping conductor and density anomalies. Final drill-hole locations, depths and sequencing will be determined after completion of target ranking, land access planning and contractor engagement. The Company is in the process of sourcing and finalising drill contractors and looks forward to updating the market in due course once the contractor has been finalised. Maps showing the ground-based frequency-domain electromagnetic results for the two target areas overlaid on the interpreted geological map. The results align well with the results from the airborne data and provide higher resolution compared to the airborne Spectrem electromagnetic survey. Annuncio • May 22
URU Metals Limited Completes Ground-Based Electromagnetic Survey at Zeb Nickel Project URU Metals Limited announced that the fieldwork component of the ground-based frequency-domain electromagnetic survey at the Zeb Nickel Project has now been completed. The survey forms part of the Company's ongoing geophysical programme designed to refine and prioritise drill targets associated with the interpreted magmatic conduit system and potential semi-massive to massive nickel sulphide mineralisation. The Company is now awaiting the final processing, interpretation, and integration of the ground-based gravity and frequency-domain electromagnetic data with the previously completed airborne gravity, magnetic, and Spectrem electromagnetic datasets. The combined interpretation is expected to further refine conductive and dense anomaly targets, improve understanding of the geometry and continuity of prospective mineralised zones, and identify and prioritise the most prospective locations for the upcoming drilling programme. The final interpretation will include recommendations on the highest-priority drill targets based on the combined airborne and ground-based geophysical datasets. Annuncio • Apr 29
Uru Metals Limited Announces Completion of Gravity Survey and Positive Correlation with Airborne Targets URU Metals Limited announced the completion of the ground-based gravity survey over priority targets at the Zeb Nickel Project, with results demonstrating strong correlation with previously identified airborne electromagnetic and magnetic anomalies. The gravity survey was completed over Targets 1 and 2, previously identified as the highest-priority anomalies from the Spectrem airborne electromagnetic survey. The programme was conducted on a 50 m x 50 m grid using high-precision CG5 gravimeters, with data quality reported as 'very good' following full Bouguer correction and processing. The objective of the ground-based gravity survey was to enhance the resolution of the airborne datasets and improve the definition of potential drill targets associated with semi-massive nickel sulphide mineralisation. The results of the gravity survey are highly encouraging and provide improved confidence in the geological interpretation: Target 1: The Spectrem electromagnetic anomaly correlates closely with a residual gravity high, confirming that the target is both conductive and relatively dense. The gravity anomaly extends beyond the electromagnetic footprint, suggesting the presence of dense ultramafic rocks and/or sulphide accumulation zones. This strong coincidence of conductivity and density is considered highly prospective for nickel sulphide mineralisation. Target 2: A weak but distinct gravity high (~0.1 mGal) coincides with the southern portion of the northern EM anomaly. This gravity feature also aligns well with a first vertical derivative (1VD) magnetic anomaly, reinforcing the validity of the target. While the response may represent a dense ultramafic unit such as a harzburgite pulse, the combined conductive, dense, and magnetic signature is also consistent with potential sulphide mineralisation. Maps showing the ground-based gravity results for the two target areas overlain on a mapped and interpreted geological map. The results align well with the results from the airborne data and provide higher resolution compared to the airborne gravity survey. The ground-based gravity results align closely with the airborne datasets but provide a significantly higher level of resolution, allowing for better definition of anomaly geometry and depth. These results: Confirm the presence of coincident conductive and dense targets; Improve confidence in the interpreted magmatic conduit system; Provide a stronger technical basis for drill targeting. The frequency-domain electromagnetic survey is expected to commence shortly, which will further refine the conductive responses and support final drill target prioritisation. The Zeb Nickel Project is strategically located on the Northern Limb of the Bushveld Complex, adjacent to the Ivanplats Platreef Project, which is expected to become one of the largest underground platinum group metal operations globally once fully operational. Maps showing the Zeb Nickel Project area and the geophysical targets adjacent to the Ivanplats Platreef Mine, which is expected to become one of the largest underground platinum mines globally once in full production. Annuncio • Apr 17
Uru Metals Limited Commences Ground-Based Geophysical Survey At Zeb Nickel Project URU Metals Limited announced that line preparation has been completed across both priority survey areas for the planned ground-based geophysical programme at the Zeb Nickel Project. The ground-based gravity survey is scheduled to commence with the frequency-domain electromagnetic ("FDEM") survey expected to commence shortly thereafter. The programme forms part of the next phase of exploration aimed at enhancing the resolution of the previously completed airborne geophysical surveys. The airborne programme successfully identified several compelling coincident gravity-magnetic-electromagnetic anomalies interpreted to be associated with a magmatic conduit system linking the Uitloop ultramafic bodies. The higher-resolution ground-based surveys are expected to refine these anomalies, improve target definition, and better constrain the geometry of conductive bodies potentially associated with semi-massive nickel sulphide mineralisation. The results of the gravity and FDEM surveys will support prioritisation of drill targets and maximise the effectiveness of the Company's upcoming drilling campaign. Annuncio • Mar 05
URU Metals Limited Announces Commencement of Ground-Based Geophysical Programme at the Zeb Nickel Project URU Metals Limited commenced line preparation activities on 2 March along the survey lines required for the planned ground-based geophysical programme at the Zeb Nickel Project. The line preparation is necessary to provide safe and continuous access for survey crews and equipment, and to ensure accurate data acquisition along the planned gravity and frequency-domain electromagnetic profiles. The line preparation marks the start of the next phase of exploration, aimed at enhancing the resolution and refining the interpretation of the previously completed airborne geophysical surveys. The ground-based geophysical survey will be conducted over two priority survey areas and will include high-resolution gravity surveys and frequency-domain electromagnetic surveys. These surveys are being undertaken to improve the resolution and accuracy of the airborne EM, magnetic, and gravity datasets previously completed across the Project. Maps showing the ground-based geophysical survey areas, with the first survey area in the bottom-right of the maps and the second survey area in the top-left. Line preparations along the survey lines commenced in the first survey area on 2 March. While the airborne surveys successfully identified several coincident gravity-magnetic-electromagnetic anomalies and confirmed the presence of a magmatic conduit system, ground-based geophysics provides higher spatial resolution compared to airborne surveys, improved anomaly definition and depth constraints, enhanced discrimination between lithological contrasts and sulphide conductors, and greater confidence in prioritising drill targets. In particular, the frequency-domain electromagnetic survey is designed to better delineate conductive bodies that may represent semi-massive to massive nickel sulphide mineralisation associated with the interpreted magmatic conduit system. The higher-resolution gravity data will further assist in mapping dense ultramafic bodies and identifying potential sulphide accumulations within structural trap-sites. Together, these surveys are expected to significantly refine drill targeting and reduce exploration risk ahead of the next drilling phase. Annuncio • Nov 25
URU Metals Limited, Annual General Meeting, Dec 18, 2025 URU Metals Limited, Annual General Meeting, Dec 18, 2025. Location: 4 king street west, suite 401, toronto, on m5h 1b6, Canada Annuncio • Nov 04
URU Metals Limited has completed a Follow-on Equity Offering in the amount of £1.1 million. URU Metals Limited has completed a Follow-on Equity Offering in the amount of £1.1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 15,714,285
Price\Range: £0.07
Transaction Features: Subsequent Direct Listing Annuncio • Aug 02
URU Metals Limited Announces Zeb Nickel Project Successfully Completes SpectremPlustm AEM Survey URU Metals Limited announced that the high-powered SpectremPlustm airborne electromagnetic survey over its Zeb Nickel Project in Limpopo Province, South Africa ("Project"), has been successfully completed on schedule. Survey completed safely and on budget. 7736 line-kilometres flown at 150 m traverse spacing using Spectrem's converted DC-3 turboprop platform equipped with the proprietary SpectremPlustm system, capable of imaging conductive bodies to depths in excess of 700 m. Final, fully processed datasets, 3-D inversion models and an integrated geophysical interpretation are expected by the end of August 2025. Deliverables will be integrated with existing gravity-magnetic data to refine and prioritise drill targets focused on potential high-grade nickel-sulphide mineralisation. The Spectrem Air team has begun final processing, following which the Company's geophysical consultant will complete a full interpretation and integration with the recently acquired gravity and magnetic datasets. Geofocus has been tasked with theration of the geological, gravity, magnetic, and EM datasets into a unified 3D geophysical block model. Management anticipates releasing the results, together with an updated technical programme and drill-target inventory, shortly after receipt of the final deliverables, which are expected near the end of third quarter of 2025. Annuncio • Jul 11
URU Metals Limited Reports Assay Results and Geological Interpretations from A Two-Hole Drilling Programme At the Zeb Nickel Project in Limpopo, South Africa URU Metals Limited reported assay results and geological interpretations from a two-hole drilling programme at the Zeb Nickel Project in Limpopo, South Africa. Drilled vertically, the holes validate the Zeb geological model, and confirms the presence of thicker, higher-grade nickel-copper-PGE ("Ni-Cu-PGE") horizons beneath the historic open-pit resource and demonstrates that mineralisation remains open both along strike and at depth. Key Value Highlights: Two drillholes plus two def collections completed intersected mineralised material in both Zone 1 and Zone 2. Zone 2 Ni-Cu-PGE mineralisation confirmed to be present in a previously untested area beneath Zone 1, confirming the geological model. Thicker, higher-grade intervals beneath the historical resource o Zone 2: up to 2.27 m @ 0.27 % Ni, 0.17 % Cu, 2.27 g/t 3PGE+Au and 4.06 m @ 0.23 % Ni, 0.14 % Cu, 1.36 g/t 3PGE +Au; Zone 3: up to 0.70 m @ 0.65 % Ni, 0.40 % Cu within a broader 2.73 m @ 0.39 % Ni. Multiple semi-massive sulphide hits confirm the geological model and strengthen the association with world-class feeder conduit systems. Boreholes Z031 and Z033 successfully intersected Ni and Ni- Cu-PGE mineralisation in Zones 1 and 2 respectively, while Z031 and its def collections also intersected what is interpreted as Zone 3 mineralisation. The assay results confirm the presence of thick, higher-grade Ni-Cu-PGE Mineralised intervals of varying grade beneath the historical resource envelope and confirm the continuity of mineralisation in line with previous intersections along strike. Importantly, the data provides strong evidence that the Ni-Cu-PGE property continues below Zone 1 and may fully extend beneath Zone 1, meaning that the area holds increased potential to host a significant Ni-Cu-PGE resource. Of particular significance is the consistent intersection of semi-massive sulphide mineralisation associated with Zone 3 in the central part of the Uitloop body, where a potential chonolith structure may link the Uitloop I and II bodies. This is an exciting development, as such a chonolith could host a larger, more continuous sulphide accumulation due to its structural setting and potential to channel enriched magmatic pulses during emplacement and develop a Ni-PGE rich massive sulphide, as discussed in RNS dated 21 May 2025 and 3 June 2025 and 3 June 2025. Location of the boreholes overlain on the geological map of the project area. Assay results are from the two boreholes shown in bold (Z031D0 and Z033D0), while the other labelled boreholes are included in the cross-sections shown in Figure 2 below. Newly reported Assay Results from Z031 and Z0323PGE+Au equals platinum + palladium + rhodium + gold by fire assay with ICP-AES Finish; Total Ni assay by complete digestion, representing the silicate and sulfide portion of Ni; Additional drilling is required to determine true thickness; "Depth From", "Depth To" and "Sample Thickness" reported are depths from surface down the drill hole. Notably, historical boreholes Z03 and Z017 were terminated prematurely, before intersecting the full extent of the Ni-Cu-PG E mineralised package. Photographs of the sulphide mineralisation are shown in Figure 4, which demonstrates that the mineralising systems are working in line with the geological model and that the area holds significant potential for further Ni-Cu-PGE exploration. New Risk • Jul 08
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Negative equity (-US$3.7m). Earnings have declined by 28% per year over the past 5 years. Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£2.78m market cap, or US$3.77m). Minor Risk Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). New Risk • Jul 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 53% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Negative equity (-US$3.7m). Earnings have declined by 28% per year over the past 5 years. Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£2.59m market cap, or US$3.53m). Annuncio • Jun 20
URU Metals Limited Announces Launch of Zeb Nickel Project URU Metals Limited has released a concise five-minute investor video introducing the Zeb Nickel Project (the "Project") located on the mineral rich Northern Limb of the Bushveld Complex in Limpopo Province, South Africa. The film highlights the Project's location immediately south-west of Anglo-American Platinum's Mogalakwena mine and Ivanhoe Mines' Platreef project. Zone 1, which is one of four vertically stacked mineralised zones, hosts an historical resource of approximately 1.6 billion tonnes at 0.25 % Ni, while recent geophysical work has outlined additional massive-sulphide and gold targets elsewhere on the property. With Environmental Authorisation already in place, URU intends to undertake a 25-hole drill programme designed to deliver a maiden NI 43-101-compliant resource for Zones 2 and an updated resource for Zone 1, which could result in a higher-grade nickel-sulphide resource with PGE credits. The video follows several recent milestones: The identification of four high-priority massive-sulphide drill targets through advanced 3-D gravity-magnetic inversion. The confirmation of a conduit-hosted ultramafic feeder system and additional drill-ready anomalies from detailed geophysical interpretation. Annuncio • Jun 12
URU Metals Limited has completed a Follow-on Equity Offering in the amount of £0.42 million. URU Metals Limited has completed a Follow-on Equity Offering in the amount of £0.42 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,000,000
Price\Range: £0.035
Transaction Features: Subsequent Direct Listing Annuncio • Jun 03
URU Metals Limited Reports the Results of an Independent 3-D Inversion of High-Resolution Aeromagnetic and Falcontm Airborne Gravity Data over the Zeb Nickel Project in Limpopo Province, South Africa URU Metals Limited reported the results of an independent 3-D inversion of high-resolution aeromagnetic and Falcontm airborne gravity data over the Zeb Nickel Project ("Zeb") in Limpopo Province, South Africa. The work, completed by Geofocus (Pty) Ltd, refines and expands upon the conduit-style sulphide model, identifying four discrete, high-density targets interpreted to represent potential accumulations of massive nickel-copper-PGE sulphide mineralisation. Four Priority Targets: Magnetic-susceptibility and density shells delineate four coherent bodies concealed beneath Transvaal dolomite or within the known Uitloop intrusion. Target 4 is the densest feature detected to date. High-Priority Targets 1 & 2: Large, coincident gravity-magnetic anomalies directly beneath parallel lobes of the Uitloop chonolith, interpreted as feeder conduits where massive sulphides could pond. Depth Extension Confirmed: Modelling indicates dense zones from approximately 100 m to >800 m below surface, significantly deeper than historic drilling, underscoring the untested potential at depth. Model Corroborates Conduit System: The new inversion reinforces the vertically stacked, feeder-pipe architecture which forms the basis of the massive sulphide exploration model, with clear similarities to the nickel-producing Uitkomst Complex. These highlights confirm that multiple dense, magnetically susceptible bodies lie wholly within the Company's licence and validate the ultramafic feeder-conduit geological model that underpins Zeb's massive sulphide (Zone 3) exploration thesis. Importantly, the new modelling expands the search footprint, both laterally and to depths well beyond historic drilling, and delivers a suite of clearly defined, drill-ready targets. Together, these factors give the Company a compelling, capital-efficient path to massive sulphide discovery, rapid resource definition and near-term value creation for shareholders. Geometry of the conduit and cumulate package (green volumes). The extensive sinuous green surface marks rock with high magnetic susceptibility, most likely ferromagnesian cumulates that formed the ultramafic and mafic conduit. Its ribbon-like shape and branching lobes possibly indicate a high flux feeder system in which magma intruded repeatedly, eroding and inflating the channel walls. Ir regular scalloped cavities on the underside possibly represent basal embayments and turbulence, the very traps where dense sulphide melt tends to collect. Discrete dense bodies (red volumes); The red volumes are gravity highs that represent material much denser than either the surrounding country rock or the ultramafic cumulates. Their blunt ended droplet geometry and position along the flanks and floor of the conduit match the expected signature of immiscible sulphide liquid that pooled or was injected downward during sustained magma flow; Several red bodies are partly wrapped by green volumes, placing them at or just beneath the base of the magnetic conduit; others lie farther down plunge in positions typical of footwall embayments. Spatial coincidence and offset; Where red and green volumes overlap, the signature could represent sulphide lenses encased in magnetic cumulate. These intersections are prime drill targets because density and magnetic contrast both support a sulphide interpretation. Red bodies slightly offset from the green conduit may be sulphide accumulations that migrated into deeper embayments or structural traps in the footwall dolomite; they are equally compelling and will need angled drill holes to test. Scale and depth; Lateral continuity of the green conduit across several kilometres confirms a long lived plumbing system capable of repeated magma throughput, a key condition for concentrating large amounts of sulphide. The model extends beyond eight hundred metres vertically, and many red shells plunge below five hundred metres, well deeper than historic drilling. It is worth noting that the olivine-rich cumulates that make up much of the conduit can be significantly modified by hydrothermal fluids or late magmatic fluids that convert olivine to serpentine and magnetite. A serpentinised zone with abundant magnetite may produce coincident gravity and magnetic highs that mimic a massive sulphide lens. A serpentinised zone With existing drill data; The Company is evaluating both ground and magnetite may produce coincidentgravity Survey Option: The company is evaluating both ground and airborne EM surveys to further delineate and rank the identified targets prior to drilling, and rank the identified targets, and rank the identified targets prior To further delineate and rank the Company is further delineate and rank the identify the identified targets prior to further delineate and rank The Company is further delineate and ranks the identified targets prior to further define the identified targets prior to drilling; and rank the identified targets prior of the identified targets prior to drilling and rank the identified targets prior. Annuncio • May 22
URU Metals Limited Announces the Results of an Advanced Geophysical Interpretation over its Project in South Africa URU Metals Limited announced the results of an advanced geophysical interpretation over its project in South Africa. The work, conducted by GeoFocus Geophysical Solutions (Pty) Ltd, has identified a series of high-priority drill targets with strong potential to host high-grade nickel-copper-PGE sulphide mineralisation. The results confirm key elements of Zeb Nickel's exploration model, pointing toward a conduit-style magmatic sulphide system with striking similarities to the well-known Uitkomst Complex, which is a nickel-producing deposit in South Africa associated with the Bushveld Complex, and formed through the accumulation of dense sulphide minerals at the base of an ultramafic intrusion. The newly identified targets validate model of a dynamic magmatic plumbing system with potential for sulphide accumulation along feeder conduits and in reactive footwall lithologies. These are precisely the kinds of structural and lithological settings associated with high-grade mineralisation at analogous deposits such as Uitkomst and Platreef. The results provide a clear framework to drill both the known nickel-PGE mineralisation in Zone 2 and test new, high-impact massive sulphide targets in what define as Zone 3. Key Highlights: Multiple Drill-Ready Targets: Several strong gravity and magnetic anomalies identified beneath and adjacent to the Uitloop I and II intrusions. Feeder Zone Confirmed: New data supports a vertically stacked system with a potential conduit linking Uitloop I and II - a key focus for future drilling. Target Zones Extend Below Known Mineralisation: Gravity modelling has identified dense zones ~100 to 800 metres below surface, suggesting untested high-grade sulphide potential at depth. Untested Offshoots: Magnetic-gravity anomalies up to 1 km from known intrusions suggest additional feeder zones or apophyses - enhancing the district-scale potential. The Uitkomst Complex Inc. The UitkOMst Complex, located in South Africa, is a known nickel-copper-PG E deposit with massive sulphide mineralisation hosted in a tubular ultramafic intrusion emplaced into dolomite and shale. These intrusions act as magma conduits, where heavy sulphide liquids sink and accumulate along the base of the intrusion or at structural traps. The Zeb Project exhibits many of these same geological hallmarks: A vertically stacked intrusion system; Reactive footwall rocks (dolomite, shale); Evidence of feeder conduits Historic intercepts of PGE-Ni-Cu in the footwall Zeb Nickel's Zone 2, possibly analogous to the MMZ, has already returned intersections of up to 2 g/t 3E+Au, 0.4% Ni and 0.2% Cu, and the new interpretation adds multiple deeper, denser bodies to test. The Zone 2 mineralisation is hosted within pyroxenite and ultramafic sills, and appears geologically similar to the Flatreef orebody at Ivanhoe Mines' Platreef Project, located adjacent to - and down-dip from - the Zeb Project. Flatreef is a flat-lying, high-grade polymetallic deposit formed through sulphide accumulation in broad, reactive sedimentary traps. Like Flatreef, Zeb's mineralisation appears to be laterally extensive, PGE-rich, and vertically continuous. As of 2025, Platreef hosts 59 million ounces of precious metals in Indicated Resources and 94 million ounces in Inferred Resources. Once fully developed, Platreef is positioned to become one of the world's largest and lowest-cost producers of PGEs, delivering over 1 million ounces of 3PGE+Au annually, with major by-product credits from nickel and copper. These newly defined targets not only confirm the presence of Platreef-style mineralisation in Zone 2, but also highlight the potential for high-grade, conduit-hosted sulphide bodies in Zone 3, analogous to the Uitkomst Complex. This dual geological model enhances Zeb's prospectivity and will directly inform the upcoming drill strategy, which is designed to test both disseminated and massive sulphide zones. Immediate next steps include: 3D Integration: GeoFocus is providing full 3D magnetic and gravity models for integration into Zeb's geological database. Drill Planning: A list of top-priority targets is being finalised, focused initially on zones with overlapping gravity and magnetic signatures. New Risk • Apr 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (31% average weekly change). Negative equity (-US$3.7m). Earnings have declined by 28% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (UK£2.30m market cap, or US$3.07m). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). Annuncio • Mar 28
URU Metals Limited has completed a Follow-on Equity Offering in the amount of £0.3 million. URU Metals Limited has completed a Follow-on Equity Offering in the amount of £0.3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: £0.03
Transaction Features: Subsequent Direct Listing New Risk • Oct 01
New major risk - Negative shareholders equity The company has negative equity. Total equity: -US$3.3m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$532k free cash flow). Share price has been highly volatile over the past 3 months (38% average weekly change). Negative equity (-US$3.3m). Earnings have declined by 3.2% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (UK£2.06m market cap, or US$2.73m). New Risk • Jul 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (UK£823.3k market cap, or US$1.07m). Minor Risk Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). New Risk • Oct 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 9.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$1.2m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (UK£2.06m market cap, or US$2.50m). Minor Risk Share price has been volatile over the past 3 months (9.9% average weekly change). Annuncio • Oct 01
URU Appoints Avi Robinson as A Non-Executive Director, Effective from 1 October 2023 URU appointed Avi Robinson as a Non-Executive Director of the Company with effect from 1 October 2023. Avi brings a wealth of AIM, corporate and commercial experience to the board. He is a qualified chartered accountant and was a Partner at Cairn Financial Advisers, a nominated adviser, between 2010 and 2016. Since then, he has served as Regional Managing Director at Servy, an enterprise self-service platform for travel and hospitality, overseeing operations and leading business development across EMEA and APAC. He is also a director of Meredith Property Group plc, which provides loans secured against residential and commercial property. Current directorships and/or partnerships: Meredith Property Group plc and Akrone Limited. Former directorships and/or partnerships (within the last five years):Servy Technologies UK Limited; Servy Technologies Limited; Servy MENA Portal LLC; 14 Lady Margaret Road Limited and; Piccnicc Retail Services Limited. New Risk • Aug 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (UK£2.47m market cap, or US$3.14m). Minor Risk Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Board Change • Jan 31
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Jay Vieira was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment deteriorated over the past week After last week's 20% share price decline to UK£1.75, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 4x in the Oil and Gas industry in the United Kingdom. Total loss to shareholders of 13% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Jay Vieira was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment deteriorated over the past week After last week's 21% share price decline to UK£2.30, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 8x in the Oil and Gas industry in the United Kingdom. Total loss to shareholders of 30% over the past three years. Valuation Update With 7 Day Price Move • May 24
Investor sentiment improved over the past week After last week's 19% share price gain to UK£4.18, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 10x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 170% over the past three years. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Jay Vieira was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improved over the past week After last week's 17% share price gain to UK£4.20, the stock trades at a trailing P/E ratio of 24.3x. Average trailing P/E is 13x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 282% over the past three years. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improved over the past week After last week's 40% share price gain to UK£3.50, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 12x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 150% over the past three years. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment deteriorated over the past week After last week's 21% share price decline to UK£1.35, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 11x in the Oil and Gas industry in the United Kingdom. Total loss to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 27% share price gain to UK£2.10, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 14x in the Oil and Gas industry in the United Kingdom. Total returns to shareholders of 38% over the past three years. Director Overboarding • Aug 17
Director Jacinto Victor Da Vieira has joined 3rd company board Independent Non-Executive Chairman Jacinto Victor Da Vieira has been appointed to the board of ZEB Nickel Corp. (TSXV:ZBNI). Vieira now sits on a total of 3 company boards. With 3 board positions including the role of CEO at Sensor Technologies Corp. (CNSX:SENS), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Is New 90 Day High Low • Feb 18
New 90-day high: UK£3.20 The company is up 23% from its price of UK£2.60 on 20 November 2020. The British market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 15% over the same period. Is New 90 Day High Low • Dec 11
New 90-day low: UK£2.05 The company is down 7.0% from its price of UK£2.20 on 11 September 2020. The British market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 11% over the same period. Is New 90 Day High Low • Oct 16
New 90-day high: UK£3.05 The company is up 190% from its price of UK£1.05 on 17 July 2020. The British market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is down 19% over the same period.