The Motley Fool

Eurasia Mining (LON:EUA) secures $15m in funding

A miner down a mine shaft
Image source: Getty Images.

Eurasia Mining (LSE:EUA) has successfully raised $15m through a private placement to help fund its ongoing Rosgeo JV mining project. Investors had a somewhat muted response to the announcement. And due to new shares being issued, the subsequent dilution effect triggered a slight decline in the EUA share price. However, over the last 12 months, the stock has climbed just under 40%.

The details

On Monday, the early-stage mining business announced that 41.5 million new shares had been sold to institutional investors at 26p per share. In addition, Eurasia mining also sold new equity warrants that grant these institutions the right to buy another 41.5 million shares at a price of 26p within the next three years. 

One Killer Stock For The Cybersecurity Surge

Cybersecurity is surging, with experts predicting that the cybersecurity market will reach US$366 billion by 2028more than double what it is today!

And with that kind of growth, this North American company stands to be the biggest winner.

Because their patented “self-repairing” technology is changing the cybersecurity landscape as we know it…

We think it has the potential to become the next famous tech success story. In fact, we think it could become as big… or even BIGGER than Shopify.

Click here to see how you can uncover the name of this North American stock that’s taking over Silicon Valley, one device at a time…

The raised capital has enabled the company to boost its cash position from $20m to $35m. The plan is to deploy the newly acquired funds to further finance its joint venture with Rosgeo in developing a collection of open-pit mines. These mines contain various battery-essential metals, including palladium, and platinum, among others.

The Eurasia mining share price has its risks

What’s next for the EUA share price?

Management has decided to limit further private equity placements to mitigate the effects of shareholder dilution. In total, an additional 83.1 million shares have been created. By comparison to the 2.9 billion already in circulation, this places the dilution effect to be around 2.9%. However, as the warrants currently remain unexercised, the full extent of this dilution effect has yet to take place.

The high-calibre small-cap stock flying under the City’s radar

Adventurous investors like you won’t want to miss out on what could be a truly astonishing opportunity…

You see, over the past three years, this AIM-listed company has been quietly powering ahead… rewarding its shareholders with generous share price growth thanks to a carefully orchestrated ‘buy and build’ strategy.

And with a first-class management team at the helm, a proven, well-executed business model, plus market-leading positions in high-margin, niche products… our analysts believe there’s still plenty more potential growth in the pipeline.

Here’s your chance to discover exactly what has got our Motley Fool UK investment team all hot-under-the-collar about this tiny £350+ million enterprise… inside a specially prepared free investment report.

But here’s the really exciting part… right now, we believe many UK investors have quite simply never heard of this company before!

Click here to claim your copy of this special investment report — and we’ll tell you the name of this Top Small-Cap Stock… free of charge!

Zaven Boyrazian has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

Our 6 'Best Buys Now' Shares

Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.

So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we're offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our 'no quibbles' 30-day subscription fee refund guarantee.

Simply click below to discover how you can take advantage of this.