Shuka Minerals Nears Funding Milestone for Kabwe Zinc Mine Acquisition

Edenville Energy ( (GB:SKA) ) has shared an update.

Shuka Minerals has reported that it is shortly expecting to receive £815,000 from African-focused investment banking and corporate finance group Gathoni Muchai Investments, under an increased loan facility agreed in June 2025. The funds, for which a payment transfer instruction has been issued to Shuka’s UK bank account, are intended to enable the company to settle the cash consideration payable to the vendors of Leopard Exploration and Mining Limited, paving the way to complete its planned acquisition of the Kabwe Zinc Mine in central Zambia and advancing its strategic push into Zambian base metals.

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 Johannesburg Stock Exchange’s AltX. The company is expanding its portfolio through the acquisition of mining and exploration assets in Zambia, notably the Kabwe Zinc Mine via Leopard Exploration and Mining Limited.

Average Trading Volume: 206,384

Technical Sentiment Signal: Hold

Current Market Cap: £4.21M

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