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An update from Jubilee Metals Group ( (GB:JLP) ) is now available.
Jubilee Metals Group has secured exclusive rights to the Large Waste Project for a reduced consideration of US$18 million, down from US$30 million. The company has until mid-May 2025 to decide on acquiring the assets, with US$11.5 million remaining to be settled over 12 months. Encouraged by due diligence results, Jubilee has agreed to sell 10 million tonnes of material to a multinational metals company for US$6.75 million, providing insights into the material’s performance. This move aligns with Jubilee’s strategy to expand its copper portfolio in Zambia, attracting interest from large multinational copper producers.
More about Jubilee Metals Group
Jubilee Metals Group is a diversified metals processor operating in Africa, with copper operations in Zambia and chrome and PGM operations in South Africa.
YTD Price Performance: -16.22%
Average Trading Volume: 5,691,811
Technical Sentiment Signal: Buy
Current Market Cap: £94.12M
See more insights into JLP stock on TipRanks’ Stock Analysis page.