Brinkley Mining up on approachadmin
Uranium explorer Brinkley Mining saw its shares rise sharply as it confirmed it had received an early stage bid approach.
“The company notes the movement in its share price today and confirms that it has received an approach which might lead to an offer being made for its shares,” it said in a brief statement.
The Aim-listed mining group has struggled in recent months fears over its uranium mining production plans in the Democratic Republic of Congo (DRC), as the government reviews a number of mining licenses in the area.
As at 31 January, Brinkley Mining had approximately $22m cash in hand.