The Auplata company (Euronext Growth - FR0010397760 - ALAUP), N°1 French gold producer, listed on the Paris Stock Exchange, released the information that it took a minority stake of 1 000 000 shares in the capital of the Norwegian company Element ASA, listed on the Oslo Stock Exchange.
Element ASA (Oslo Børs - no.003055808 - ELE) is an investment company focusing on the mining sector. Its strategy is based on identifying underpriced projects where infrastructure and basic work have been completed, that are ready to generate a cash flow. Element ASA controls a nickel deposit on the island of Mindoro in the Philippines and a magnetite deposit in Bending Lake, Canada, via a subsidiary: Ambershaw Metallics. The investment will strengthen Auplata presence in ferrous metals and nickel operations.
For more information, please check the Website of Element ASA: www.elementasa.com.
Based in French Guiana, Auplata is the largest French, stock-market listed gold producer. The Company has more than 700 sq km of mining permits and titles in French Guyana. Auplata operates an innovative industrial and financial strategy, aimed at developing and exploiting Guianese gold resources with the strong involvement of local players. The Company's objective is to offer sustainable exploitation for the Guianese mining industry. Since June 2015, Auplata is a shareholder in the Côte d'Ivoire mining company OMCI, which owns two mining projects in Côte d'Ivoire.
Auplata's share capital consists of 201,815,005 shares listed on the Euronext Growth market in Paris (Euronext). ISIN: FR0010397760 – ALAUP; ICB: 1777 – Gold Mining.
For more information about Auplata, go to www.auplata.fr.