AIM Round-Up: Amur Minerals Gains 87 Percent

The Alternative Investment Market (AIM) gained 0.27 percent for the week ended May 22, reaching 765.71 points. That’s the highest close for the market so far this year.

Amur Minerals (LSE:AMC) saw a gain of 87.5 percent to reach GBP18.75. The company is focused on base metals projects in Eastern Russia, with its principal asset being the Kun-Manie sulfide nickel–copper project, which is located in Amur Oblast.

On Friday, the company announced that the Russian government has approved the detailed exploration and mine production license for Kun-Manie. This license, which covers 36 square kilometers, is valid until December 2034.

Meanwhile, Nyota Minerals (LSE:NYO) saw the biggest drop of the week, falling 11.11 percent to hit GBP19. In April, the company released its quarterly finance report, which notes its acquisition of 70 percent of the Ivrea nickel-copper project in Italy in February. Additionally, the company said it is evaluating new opportunities to diversify in terms of commodities and geographic spread.

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