Jubilee Metals Group (GB:JLP) has released an update.
Jubilee Metals Group has increased its stake in Zambia’s Project G to 65%, with a cash acquisition of $2.0 million and an additional $500,000 investment in the project, targeting a ramp-up in operations by December 2024. The company has also secured an extra 2MW of power to ensure full capacity operations at its Zambian sites, now fully powered by renewable sources. Jubilee aims to reach an annual production capacity of 25,000 tonnes of copper through these strategic initiatives, enhancing its growth prospects in the copper market.
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