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Jupiter Mines Limited ( (AU:JMS) ) has provided an announcement.
Jupiter Mines has confirmed that Exxaro Resources has satisfied all conditions to acquire a 50.1% interest in the Tshipi Manganese Mine and a 19.99% shareholding in Jupiter, through the purchase of stakes and marketing rights previously held by Ntsimbintle Holdings and OM Holdings. While Exxaro will become a major shareholder and joint venture partner, Jupiter will retain its 49.9% ownership and joint control of Tshipi, with its existing shareholders’ agreement and pro rata marketing rights unchanged, positioning the company to benefit from Exxaro’s South African operational expertise and reinforcing its growth and consolidation strategy in the Kalahari Manganese Field.
The most recent analyst rating on (AU:JMS) stock is a Buy with a A$0.32 price target. To see the full list of analyst forecasts on Jupiter Mines Limited stock, see the AU:JMS Stock Forecast page.
More about Jupiter Mines Limited
Jupiter Mines Limited is an ASX-listed mining company with a key focus on manganese, holding a 49.9% interest in the Tshipi Manganese Mine in South Africa. Through this stake and associated marketing rights, the company is positioned as a significant participant in the global manganese supply chain, particularly in the Kalahari Manganese Field, a major hub for high-grade manganese ore production.
Average Trading Volume: 3,035,525
Technical Sentiment Signal: Buy
Current Market Cap: A$550.4M
Learn more about JMS stock on TipRanks’ Stock Analysis page.