The latest announcement is out from Edenville Energy ( (GB:SKA) ).
Shuka Minerals Plc has announced a 90-day extension to complete its acquisition of Leopard Exploration and Mining Limited and the Kabwe Zinc Mine in Zambia, due to pending regulatory approval from the Competition and Consumer Protection Commission. The company is actively working with stakeholders to secure necessary funding for the acquisition, which is seen as transformational for Shuka and its shareholders, and has made significant progress in discussions with finance groups in London and Africa.
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 aims to contribute to sustainable growth and development of local communities, with operations including an operating coal mine in Tanzania and a strategic focus on acquiring and developing valuable minerals.
YTD Price Performance: -28.57%
Average Trading Volume: 57,040
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £2.61M
For a thorough assessment of SKA stock, go to TipRanks’ Stock Analysis page.