|
|
Shuka - financing agreement for LME and Kabwe
Shuka Minerals Plc (AIM/AltX: SKA), an African focused mine operator and developer, provided an update on the Company's proposed acquisition ("Acquisition") of the Zambian mining and exploration company, Leopard Exploration and Mining Ltd. ("LEM") and the Kabwe Zinc Mine ("Kabwe Mine") located in central Zambia, following the signing in December 2024 of a conditional Share Purchase Agreement ("SPA") with the LEM shareholders.
Since the start of 2025, the Company and its legal and corporate advisors have been working closely to satisfy the outstanding conditions to complete the Kabwe Mine acquisition ahead of the revised 30 June 2025 completion date. Technical site visits have been undertaken in Zambia and meetings in Lusaka and South Africa have also been held with key stakeholders as well as the Company's existing, and potential future financiers.
|
|
Click here for original article
|
| |
| |
| Click here for full news archive for this company |
|
| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
| |
|
|
