Arc Minerals Expands in Zambian Copperbelt with Chingola Project Acquisition

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

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