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Arc Minerals Secures Legal Victory in Zambian High Court

Story Highlights
  • Arc Minerals Ltd operates in the mining industry, focusing on mineral exploration.
  • Arc Minerals secured a favorable legal ruling in Zambia, strengthening its defense against claims.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Arc Minerals Secures Legal Victory in Zambian High Court

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ARC Minerals ( (GB:ARCM) ) has issued an announcement.

Arc Minerals Ltd announced a favorable legal outcome in the Zambian High Court, which supports the company’s position against claims by a former director and Zamex. The court concluded that the Consent Judgment from March 2022 closed the court record, preventing further applications. This decision strengthens Arc’s defenses against the writ of fieri facias filed by Zamex, seeking damages of up to $650,000. The company is taking steps to secure the full effect of this ruling, ensuring its operations and interests remain unaffected.

More about ARC Minerals

Arc Minerals Ltd is a company involved in the mining industry, with a focus on mineral exploration and development. The company holds a 20% effective indirect interest in Handa Resources Limited and operates primarily in Zambia.

Average Trading Volume: 3,572,822

Technical Sentiment Signal: Sell

Current Market Cap: £13.76M

For an in-depth examination of ARCM stock, go to TipRanks’ Overview page.

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