Shuka Minerals Awaits Loan Funds to Advance Kabwe Mine Acquisition

An announcement from Edenville Energy ( (GB:SKA) ) is now available.

Shuka Minerals has provided an update on the financing for its proposed acquisition of Leopard Exploration and Mining Limited and the Kabwe Zinc Mine in central Zambia, confirming it is still awaiting receipt of £815,000 from Gathoni Muchai Investments under an increased loan facility agreed in June 2025. The company has been informed that the payment has been instructed and remittance advice issued, and it plans to make a further announcement once the funds are received, a milestone that is important for progressing the Kabwe transaction and advancing Shuka’s growth strategy in African mining assets.

The most recent analyst rating on (GB:SKA) stock is a Hold with a £4.50 price target. To see the full list of analyst forecasts on Edenville Energy stock, see the GB:SKA Stock Forecast page.

Spark’s Take on GB:SKA Stock

According to Spark, TipRanks’ AI Analyst, GB:SKA is a Neutral.

The overall stock score is primarily impacted by significant financial challenges and weak technical indicators. While the acquisition of the Kabwe Zinc Mine presents a potential growth opportunity, funding delays and negative valuation metrics weigh heavily on the stock’s attractiveness.

To see Spark’s full report on GB:SKA stock, click here.

More about Edenville Energy

Shuka Minerals Plc is an African-focused mine operator and developer with a primary listing on London’s AIM and a secondary listing on the JSE’s AltX. The company is engaged in mining and exploration activities across the continent, with a current strategic focus on expanding its portfolio through acquisitions such as the Kabwe Zinc Mine in Zambia.

Average Trading Volume: 221,753

Technical Sentiment Signal: Hold

Current Market Cap: £4.21M

Find detailed analytics on SKA stock on TipRanks’ Stock Analysis page.