IN BRIEF: Shuka receives initial tranche of USD300,000 loan payment
11th Nov 2025 07:34
Shuka Minerals PLC - Africa-focused mine operator and developer - Receives an initial tranche of USD300,000 from Gathoni Muchai Investments Ltd under the increased loan facility. The loan facilitates Shuka's acquisition of Leopard Exploration & Mining Ltd in Zambia. Early in July, Gathoni Muchai agreed to increase its loan to Shuka by GBP1.5 million to GBP2 million. The loan has been delayed several times due to administrative and regulatory matters in Kenya. Shuka says Gathoni Muchai has confirmed that the balance of the funds required to satisfy the USD1.35 million consideration due under the acquisition will be advanced before the end of this month. Read More