Amur Minerals (GB:AMC) has released an update.
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Amur Minerals Corporation reports a transformative year with the divestiture of its Russian subsidiary, AO Kun-Manie, for $35 million, significantly improving its financial position. The company also plans an ambitious reverse takeover (RTO) with a UK-based pharmaceutical firm specializing in cancer treatment technology, pending due diligence and shareholder approval. Despite trading suspension since September 2023 due to delays in the RTO process, Amur remains debt-free with increased cash reserves and anticipates publishing an AIM Admission Document in May 2024.
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