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An announcement from ARC Minerals ( (GB:ARCM) ) is now available.
Arc Minerals has announced the termination of its joint venture with Anglo American regarding Zambian mining tenements. The decision follows a lack of drilling activity in 2025, with Anglo American withdrawing and surrendering its interests. Arc Minerals will regain control of Handa Resources Limited and plans to explore new opportunities for these assets, potentially involving a new joint venture partner. The company is financially stable, with no immediate need for an equity raise, and is committed to resolving legal issues in Zambia.
More about ARC Minerals
Arc Minerals is an exploration company focused on developing Tier 1 copper deposits, primarily operating in Zambia. The company is listed on the London Stock Exchange under the ticker ARCM and is known for its involvement in highly prospective copper tenements in Africa.
Average Trading Volume: 3,157,723
Technical Sentiment Signal: Strong Sell
Current Market Cap: £15.21M
Learn more about ARCM stock on TipRanks’ Stock Analysis page.