Argentinian uranium miner eyes a UK flotation
An Argentinian mining company that hunts for uranium wants to join the Alternative Investment Market despite the presence of Falkland Islands-focused oil & gas groups on the junior stock exchange.
UrAmerica has exploration licences in the Central Plateau Province of Chubut, a flat and arid region 1,300km south-west of Buenos Aires, where the company is based. Although the company works so far from the UK, Aim has long been viewed as one of the best markets for natural resources companies to secure investment for exploration and production.
Omar Adra, Ur America's chief executive, said: "We're first of all thinking of London as the place to list. We will talk about going public between September and December, although it will depend on how the market is at the time."
However, any listing will depend on whether Cameco, the Canadian uranium giant with which UrAmerica has forged an alliance, exercises options that would help fund the company. Then UrAmerica would not need the extra cash that a listing would raise.
The plans come as tensions between Argentina and the UK over the Falklands are at their greatest since the war in 1982. In recent years, British firms have started exploring for oil near the Falklands, angering Argentinians who still believe the Malvinas belong to them. One of them is Rockhopper, an Aim company valued at more than £450m.
- 1 Bill Clinton portrait features Monica Lewinsky reference, artist admits
- 2 What happens to your body when you give up sugar?
- 3 Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
- 4 Have sex with your iPad thanks to the new sex toy no-one asked for
- 5 Average penis size revealed: Scientists attempt to find what is 'normal' to reassure concerned men
Bill Clinton portrait features Monica Lewinsky reference, artist admits
Japanese island overrun with cats after population explodes
China's 'Inconvenient Truth': video exposing country’s smog crisis watched 100 million times
Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
The 'sex selfie stick' lets you FaceTime the inside of a vagina
New theory could prove how life began and disprove God
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
This is what it's like to be dead, according to a guy who died for a bit
Durham Free School: 'Creationism taught at' free school facing closure
Ukip would cut billions from Scottish budget to fund English tax cuts
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
iJobs Money & Business
£15000 - £18000 per annum: Recruitment Genius: This is a great opportunity for...
£50000 - £60000 per annum + Excellent Salary: Austen Lloyd: An outstanding new...
£20000 - £21000 per annum + uncapped commission: SThree: As a graduate you are...
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...