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Latest News: Jubilee Metals Group plc JUBILEE [JBL]

Wed, 26 Aug 2026	Official Announcement [TZ]
Jubilee - purchaser selected for waste project Jubilee selected a preferred buyer for its Large Waste Project (LWP) in Zambia, with a sale price of USD35.0 million. The transaction involves a two-stage due diligence process, with an initial payment of USD2.25 million to secure exclusivity. The remaining consideration will be paid over three years, with an option to accelerate to two years for a reduced total of USD30.0 million. This sale, which replaces a previous USD6.75 million waste material sale, aligns with Jubilee’s strategy to optimise its asset portfolio and focus on expanding its core copper mining and processing operations. The disposal supports Jubilee’s shift towards a resource-backed production platform, leveraging its established infrastructure and controlled assets.
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