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Caerus Mineral Resources PLC - copper miner in Cyprus - Executive Chair Chris Lambert and Chief Executive Officer Charles Long will start strategic review of the company's existing asset portfolio.
Review will evaluate whether the existing Cypriot assets have the appropriate characteristics and opportunity to generate shareholder value as stand-alone development projects as well as their ability to meet the resource demand posed by the strategic alliance with EV Metals Group.
Under the alliance, Caerus is to focus on developing copper resources which will allow EV to comply with the Rules of Origin for electric automotive products under the EU-UK Trade and Co-operation Agreement, so they may qualify as tariff and quota-free.
Current stock price: 6.19 pence
12-month change: down 76%
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