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Shuka Minerals (SKA) Share News

IN BRIEF: Shuka Minerals hopes to seal Kabwe acquisition by end-March

14th Feb 2025 19:23

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

IN BRIEF: Shuka Minerals shares plunge as funds start to run low

20th Aug 2024 11:51

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

AIM WINNERS & LOSERS: Shuka Minerals down on CLN drawdown

20th Aug 2024 10:24

(Alliance News) - The following stocks are the leading risers and fallers on AIM on Tuesday. Read More

UK shareholder meetings calendar - next 7 days

6th Aug 2024 14:33

Read More

EARNINGS AND TRADING: Shuka Minerals loss narrows; Atome loss widens

27th Jun 2024 20:23

(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

IN BRIEF: Shuka Minerals to move forward with East Africa project

24th May 2024 21:18

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

TRADING UPDATES: Chariot mulls future of Transitional Power business

18th Mar 2024 19:20

(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

Shuka Minerals "pleased" as signs settlement with Upendo

15th Feb 2024 17:13

(Alliance News) - Shuka Minerals PLC on Thursday said it has signed a definitive settlement agreement with Upendo Group. Read More

Unicorn Mineral shares jump amid fundraise and director appointment

14th Dec 2023 11:19

(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

EXECUTIVE CHANGES: Psych Capital names new CEO; Shuka appoints chair

7th Nov 2023 19:29

(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

IN BRIEF: Shuka Minerals reports narrowed loss amid higher revenue

25th Sep 2023 10:41

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

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