OM Holdings Sells Stake in Ntsimbintle Mining for $101.4 Million

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

OM Holdings Limited, through its subsidiary OM Mauritius, has entered into a conditional binding Sale and Purchase Agreement with Exxaro Resources Limited for the sale of its 26% interest in Ntsimbintle Mining Proprietary Limited for approximately US$101.4 million. This transaction includes OM Mauritius’ shares in NMPL and associated marketing rights, contingent on several conditions including regulatory approvals and the successful sale of NH’s 74% interest in NMPL. The deal is expected to close in early 2026, with Exxaro making a 95% payment upon closing and the remaining 5% held in escrow for 12 months. This move is seen as a strategic opportunity for OM Holdings to unlock value and recirculate capital into its core business operations, while establishing a new commercial relationship with Exxaro for the Tshipi manganese ore business.

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

Average Trading Volume: 5,178,527

Technical Sentiment Signal: Sell

Current Market Cap: A$294.2M

For a thorough assessment of JMS stock, go to TipRanks’ Stock Analysis page.