Shuka Minerals Extends Deadline to Complete Kabwe Zinc Mine Acquisition

The latest update is out from Edenville Energy ( (GB:SKA) ).

Shuka Minerals has provided an update on its proposed acquisition of Leopard Exploration and Mining Limited and the Kabwe Zinc Mine in central Zambia, where it currently holds an effective 22.2% stake. The company had planned to increase its interest to 49.9% and ultimately 100% by 31 December 2025, funded via an increased loan from Gathoni Muchai Investments, but has now agreed with the vendors to extend the long-stop date for completion to 15 January 2026 after being verbally advised that funds will be provided in the week commencing 5 January 2026, signalling a short delay but ongoing commitment to complete the transaction.

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 market and a secondary listing on the JSE’s AltX. The company is expanding its portfolio through acquisitions in the region’s mining and exploration sector, targeting assets such as the Kabwe Zinc Mine in central Zambia.

Average Trading Volume: 171,809

Technical Sentiment Signal: Sell

Current Market Cap: £3.3M

For an in-depth examination of SKA stock, go to TipRanks’ Overview page.