Edenville Energy ( (GB:SKA) ) has issued an announcement.
Shuka Minerals plc has provided an update on its proposed acquisition of Leopard Exploration and Mining Limited and the Kabwe Zinc Mine in Zambia. The company is working to finalize the acquisition by March 2025, having engaged in meetings with stakeholders and conducted site visits. The acquisition is seen as a strategic move to re-develop the historic Kabwe Mine, which has significant national economic importance. Shuka plans a three-phase exploration and development program post-acquisition, aiming to re-commence mining operations and establish new ore processing facilities. They are also finalizing financial arrangements and have received substantial support from stakeholders, including local and national authorities.
More about Edenville Energy
Shuka Minerals plc is a dynamic and innovative mining and development company focused on exploring and harnessing Africa’s mineral resources. The company is involved in the acquisition and development of valuable minerals, aiming to contribute to sustainable growth and development in local communities. Shuka operates a coal mine in Tanzania and is exploring projects in Zambia, South Africa, and other African countries rich in copper, lead, and zinc.
YTD Price Performance: -9.52%
Average Trading Volume: 78,641
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £3.1M
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