REG - URA Holdings PLC - Appointment of Bonas Group as Sales Partner

URA HoldingsAnnouncement

12/06/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240612:nRSL9975Ra&default-theme=true

RNS Number : 9975R  URA Holdings PLC  12 June 2024

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN,
THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO
DISTRIBUTE THIS ANNOUNCEMENT.

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET
ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON THE
PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK
MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

 

 

URA Holdings plc

("URA" or the "Company")

 

Appointment of Bonas Group as Sales Partner and qualifying as a client of
DelGatto Diamond Finance Fund

URA (LSE: URAH), the gemstone mining company is pleased to announce the
appointment of Bonas Group as its sales partner for marketing and selling
rough emeralds produced from the Company's Gravelotte Emerald Mine (GEM). This
strategic partnership will leverage Bonas Group's extensive expertise in the
diamond and gemstone industry to ensure the highest standards of security,
transparency, and compliance throughout the sales process.

 

 Highlights

 

•       Bonas Group, the world's largest independent diamond and
gemstone tender house, will manage the end-to-end sales process, including
planning, sorting, valuation, and marketing of the emeralds through their
established tender platform.

·     Bonas currently plans for the inaugural sale to be conducted in the
second half of 2024.

·     Viewings of URA's emeralds will take place at Bonas Group's
facilities in Bangkok, Thailand.

·     URA has also successfully qualified as a client of DelGatto Diamond
Finance Fund (DDFF), a leading global finance company. This relationship not
only provides financial flexibility for the sales process, but also opens
future possibilities for financing from DDFF to support URA's strategic
objectives.

 

Following URA's successful commencement of emerald production, the appointment
of Bonas Group as its exclusive sales partner is a significant milestone. The
partnership with Bonas Group is the essential next step in bringing GEM's
historically well-known "Cobra" emeralds back to market. The relationship with
DDFF will further facilitate the auction and sales process and potentially
support longer-term strategic objectives, enhancing URA's operational and
financial capabilities.

 

Bernard Olivier, CEO of URA, commented, "We are excited to partner with Bonas
Group and DelGatto Diamond Finance Fund. This collaboration enhances our
capability to bring our ethically mined emeralds to market while ensuring
transparency and maximizing value for our stakeholders. After a long period of
hard groundwork, we are now entering an exciting period for URA and our
shareholders.

 

Charles Bonas, CEO of Bonas Group, stated, "Bonas Group is delighted to be
providing a secure and transparent route to market for the emeralds from URA's
renowned Gravelotte Emerald Mine (GEM) producing the famous Cobra Emeralds, in
South Africa. This partnership also strengthens our relationship with DelGatto
Diamond Finance Fund, creating a comprehensive solution for URA."

 

Chris Del Gatto, Founder and CEO of DelGatto Diamond Finance Fund, added, "We
are excited to continue to expand our activities with a best-in-class firm
like Bonas. We are also very pleased to welcome URA Holdings to our
growing client base. We believe that this partnership exemplifies our
commitment to providing new and innovative financial solutions to the
diamond, gemstone & jewellery industry."

 

Bonas Group is the world's largest independent diamond and gemstone tender
house, representing 11 mines across 3 continents. The company offers a
full-cycle service to mining partners, while upholding paramount values of
security, transparency and compliance. The firm is also the oldest diamond
brokerage and consultancy firm in the world. Bonas Group, a fifth-generation
family-owned firm, uniquely combines industry stability with expertise and
adaptability, showcasing a heritage of navigating change in the diamond and
gemstone sector. More info on www.bonasgroup.com (http://www.bonasgroup.com) .

 

DelGatto Diamond Finance Fund is an institutional alternative lender that
focuses solely on the diamond, gemstone & jewellery industry. As the
largest non bank lender to the trade globally, DDFF's clients include both
listed & privately held diamond miners, international polished traders,
as well as luxury retailers. More info on www.delgattodff.com

 

Enquiries:

 

 URA Holdings plc                                                                                                                                            +44 (0)746 368 6497

 Chief Executive Officer

 Bernard Olivier

 Director

 Peter Redmond

 Chief Operating Officer

Jeremy Sturgess-Smith

                                                                                                                                                           info@uraholdingsplc.co.uk (about:blank)

 Peterhouse Capital Limited                                                                                                                                  +44 (0)20 7469 0930

 Joint Corporate Broker

 Lucy Williams

 Duncan Vasey

 Capital Plus Partners

 Joint Corporate Broker

 Keith Swann                                                                                                                                                 +44 (0)203 821 6169

 Jon                                                                                                                                                         +44 (0)203 821 6168
 Critchley

 CMC Markets

 Joint Corporate Broker                                                                                                                                      +44 (0)20 3003 8632

 Douglas Crippen

 

About URA Holdings plc

 

URA Holdings plc is a pioneering mining company dedicated to restart and
rebuild the Gravelotte Emerald Mine (GEM), a historic emerald mine located in
South Africa. With a legacy of being one of the world's largest emerald
producers, GEM has reawakened under our stewardship, marking the beginning of
a new chapter in its storied history.

 

At URA Holdings Plc, we are committed to sustainable and responsible mining
practices that prioritize environmental conservation, community development,
and ethical sourcing. Our modern mining techniques and advanced technologies
ensure efficient operations while minimizing ecological impact and upholding
the highest standards of workplace safety.

 

We are proud to announce the commencement of emerald production at GEM, a
significant milestone in our journey towards revitalizing this iconic mine.
Our ethically mined emeralds are extracted and processed with integrity and
transparency, adhering to strict ethical standards and fair labor practices.
By prioritizing ethical mining practices, we strive to foster a positive
impact on the local communities and environment surrounding our operations.

 

For more information about URA Holdings plc, including updates on emerald
production, corporate news, and our commitment to ethical mining, please visit
our website at www.uraholdingsplc.co.uk
(file:///C:/Users/bernardolivier/Dropbox/Mac/Desktop/www.uraholdingsplc.co.uk)
or connect with us through our social media channels:

 

•   X (formally known as Twitter): @ura_plc (https://twitter.com/ura_plc)

 

Join us as we lead the way in sustainable mining practices and ethically
sourced gemstones, paving the path for a brighter and more responsible future
in the gemstone mining industry.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDEAFKFFFFLEFA