The Board of Amur Minerals Corporation notes the announcement yesterday afternoon by Ascent Resources plc (“Ascent”) setting out the terms of a non-binding indicative proposal regarding a possible share offer for the entire issued and to be issued share capital of Amur by Ascent.
Since Q4 2022, and in advance of the completion of the sale of its Kun-Manie Nickel Copper project in the Russian Federation (the “Sale”), Amur has been conducting various high level evaluations and assessments of international private and public resource companies and projects.