Eurasia Mining PLC on Friday said it has struck a deal for a private placement to raise £3.2 million, to finance the planned launch of its dual listing.

The London-based palladium, platinum, rhodium, iridium and gold miner said it has entered a securities purchase agreement for the placement of 72.0 million new shares to US and UK institutional investors at 4.37 pence per share.

Shares in Eurasia Mining were up 0.8% at 4.79 pence in London on Friday.

The company said the proceeds will be used exclusively to maintain the listing in London and to finance the planned launch of the dual listing on the Astana International Exchange in Kazakhstan.

Eurasia Mining said the dual listing will improve the liquidity and marketability of the company.

‘Considering the recent geopolitical pivot in the economic cooperation between the US and Russia, having US institutions invested in equity of Eurasia could give a number of strategic advantages, that the directors believe is in the best interest of the company and all shareholders,’ Eurasia Mining said.

Executive Chair Christian Schaffalitzky said: ‘We are delighted to have US and UK institutions in Eurasia’s equity at this pivotal point of US strategic interest in critical minerals in the Russian Arctic.

‘This equity transaction will help to support our Astana dual listing and should increase the awareness of Russian mining assets among US strategic investors.’

Copyright 2025 Alliance News Ltd. All Rights Reserved.