12th Mar 2026 13:21
Jubilee Metals Group PLC - London-based metal processing company - Secures additional high-grade copper feed material for its Roan copper concentrator plant in Zambia for USD1.8 million. Says it will settle the payment of USD1.8 million through the issue of 29.8 million new shares at 4.48 pence each. "The large waste rock project continues to progress towards the conclusion of a joint venture, with two potential partners shortlisted for the project to upgrade the copper stockpile and refine the recovered material into copper," Jubilee Chief Executive Officer Leon Coetzer says.
At the large waste project, sellers have elected to receive the next stage payment of USD2.6 million in Jubilee shares, Jubilee says. The payment leaves a remaining balance of the acquisition of about USD5.4 million. In April last year, the company secured the exclusive rights to the large waste project for USD18 million, reduced from USD30 million.
Current share price in Johannesburg: 85 rand cents, down 2.3% on Thursday
12-month change: up 6.3%
Current share price in London: 3.80 pence, down 1.3%
12-month change: up 8.6%
By Artwell Dlamini, Alliance News senior reporter South Africa
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