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ARC Minerals Limited ( (GB:ARCM) ) has provided an announcement.
Arc Minerals Limited has announced the acquisition of the Chingola Project in the Zambian Copperbelt, a strategic move to expand its presence in a region known for high-grade copper deposits. The acquisition, subject to customary conditions, includes a 311km² exploration license near existing mines, with a fully funded soil sampling program set to commence. This acquisition is expected to enhance Arc’s portfolio and strengthen its industry positioning in a competitive market.
More about ARC Minerals Limited
Arc Minerals Limited is an exploration company focused on developing Tier 1 copper deposits, primarily operating in the Zambian Copperbelt. The company is engaged in expanding its high-quality portfolio in Zambia and Botswana, with a market focus on copper mining.
YTD Price Performance: 16.00%
Average Trading Volume: 3,717,064
Technical Sentiment Signal: Strong Buy
Current Market Cap: £21M
For detailed information about ARCM stock, go to TipRanks’ Stock Analysis page.