Eurasia Mining Plc (AIM:EUA) provided an update on the Formal Sale Process initiated by the Company under the UK Takeover Code. Since launching the Formal Sale Process on 1 July 2020, Eurasia and its advisers have engaged with a wide range of parties and have to date received non-binding offers in respect of both a possible acquisition of the Company as well as other transaction structures. Progress to date has been slower than expected reflecting the complexity of the process, involving several parties and structures, as well as external factors including COVID-19 related travel restrictions, and more recently delays resulting from western and Russian holiday periods. Notwithstanding these factors, discussions regarding proceeding to binding proposals are continuing. Until a transaction is finally concluded there can be no certainty that a transaction will occur or on what terms. Further announcements will be made when appropriate.