Zanaga Iron Ore (GB:ZIOC) has released an update.
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Zanaga Iron Ore Company Ltd has acknowledged recent share price volatility following rumors of a potential strategic investment or acquisition, clarifying that while they are not in active transaction discussions, early-stage talks with potential partners are ongoing after their 2024 Feasibility Study. The company underlines that these discussions are preliminary and there’s no certainty of a deal. Zanaga Iron Ore, listed on AIM, is developing its flagship Zanaga Project in the Republic of Congo, which is well-positioned for the rising demand for low-carbon steel.
For further insights into GB:ZIOC stock, check out TipRanks’ Stock Analysis page.
