Exxaro to Become Major Shareholder in Jupiter Mines

The latest announcement is out from Jupiter Mines Limited ( (AU:JMS) ).

Jupiter Mines Limited has announced that Exxaro Resources Limited will become a major shareholder and prospective partner, acquiring a 19.99% stake in Jupiter and a 50.1% interest in the Tshipi Manganese Mine. This transaction, pending regulatory approval, will see Exxaro replace Ntsimbintle Holdings as Jupiter’s largest shareholder. The partnership is expected to enhance Jupiter’s growth platform and support its strategy in the Kalahari Manganese Field, while maintaining joint control over Tshipi operations.

The most recent analyst rating on (AU:JMS) stock is a Buy with a A$0.40 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 a company in the mining industry, primarily focused on manganese mining. It holds a significant interest in the Tshipi Manganese Mine in South Africa and is involved in the marketing of manganese ore. The company aims to consolidate and create value across the Kalahari Manganese Field.

Average Trading Volume: 5,147,411

Technical Sentiment Signal: Sell

Current Market Cap: A$284.4M

Learn more about JMS stock on TipRanks’ Stock Analysis page.