ARC Minerals Limited (GB:ARCM) has released an update.
Arc Minerals Limited has announced its audited financial results for the year ending 31 December 2023, highlighting the completion of a major Joint Venture Agreement with Anglo American, which acquired a 70% stake in the venture. Despite challenging market conditions, the company has successfully raised approximately £4.14 million through a placing and offer for subscription to fund ongoing operations and future growth. Looking forward, the company is set to commence a core diamond drilling program in Zambia and continue exploration in the Kalahari Copper Belt in Botswana, with shareholders anticipating regular updates on these activities.
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