(Alliance News) - Shuka Minerals PLC reported on Wednesday it will debut on the Johannesburg Stock Exchange on May 22, as it seeks to broaden its potential investor pool. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - Stock prices in London closed decidedly lower on Friday, as investors continued to digest US President Donald Trump's new tariffs and were newly rattled after China responded in kind. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Friday. Read More
(Alliance News) - London opened in the red on Friday, continuing its downturn alongside global peers as investors await retaliatory action to US tariffs from affected countries. Read More
Shuka Minerals PLC - Africa-focused mine operator and developer - Hails regulatory approvals in Zambia of its planned acquisition of Zambian mining and exploration company Leopard Exploration & Mining Ltd, and the Kabwe zinc mine in central Zambia. Shuka confirms it has received all but one regulatory approval required to complete the acquisition. The outstanding approval is from the Competition & Consumer Protection Commission, which Shuka's lawyers in Zambia expect to be received in the second quarter of 2025. Due to the delay of the approval, Leopard Exploration shareholders and Shuka have agreed to extend the completion date by 90 days to June 11. No penalties or fees were incurred for the extension, Shuka highlights. Read More
Shuka Minerals PLC - African-focused mine operator and developer - Provides update on the proposed acquisition of the Zambian mining and exploration company, Leopard Exploration and Mining Ltd and the Kabwe zinc mine. Hopes to complete the Kabwe acquisition ahead of the expected March 2025 completion date and is undertaking preparatory work to drive the project forward following completion. Technical site visits have been undertaken in Zambia and meetings in Lusaka and South Africa have also been held with key stakeholders and the company's existing, and potentially new, providers of finance. Read More
Shuka Minerals PLC - African-focused mine operator and developer - Shares nearly halve as it warns that it has sufficient cash in the bank only until the end of October. Shuka serves an initial drawdown notice for GBP500,000 of a GBP2 million unsecured convertible note instrument agreed with AUO Commercial Brokerage LLC back in May. However, AUO says its investment capital is tied up in other transactions that are taking longer than expected to conclude. Therefore, it doesn't have access to the funds requested by Shuka. AUO is a United Arab Emirates-based investment house owned by Shuka Chair Quinton Van Der Burgh. "AUO has advised the company that it remains committed to its obligations under the CLN and is endeavouring to raise the necessary funding in the short term to satisfy the initial drawdown, although it has not been able to provide an indication on timing for such funds being made available," Shuka says. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Tuesday. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Shuka Minerals PLC - London-based mining company with operations in Africa - Announces Friday that it will proceed with its acquisition of a major brownfield base metals project located in East Africa, following a month-long review. The site has an in-situ value of USD1.98 billion and an internal rate of return of 122%. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - Shuka Minerals PLC on Thursday said it has signed a definitive settlement agreement with Upendo Group. Read More
(Alliance News) - Unicorn Mineral Resources PLC on Thursday said its interim loss widened on higher expenses, as it appointed a new director and announced a GBP537,000 fundraise. Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Tuesday and not separately reported by Alliance News: Read More
Shuka Minerals PLC - Africa-focused mine operator and developer - Says the first half of 2023 was "transformative" for the company as it reports a narrowed interim loss and higher revenue. Pretax loss narrows to GBP746,323 in the first half of 2023 from GBP820,640 the previous year. Revenue rises to GBP68,926 from GBP56,146. Says the most notable development during the period was the investment it was able to secure with Q Global Commodities Group, which it describes as one of South Africa's leading independent commodity, mining, logistics and investment funds, and with Gathoni Muchai Investments Ltd, an East Africa-based mining investment group. Says this investment has ensured that it has been able to fund its ongoing working capital needs and corporate and mining development activities. Read More