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An update from Edenville Energy ( (GB:SKA) ) is now available.
Shuka Minerals has drawn a further £815,000 under its unsecured, non-convertible loan from Gathoni Muchai Investments, bringing total funds received to £1.115 million, to help finance the acquisition of Leopard Exploration and Mining Limited and the Kabwe Zinc Mine in Zambia. The company is now arranging payment of the remaining US$1.05 million cash consideration and issuing the balance of 22,275,588 consideration shares and 1,555,556 warrants, with the shares priced at an effective 7.817 pence and subject to a one-year lock-in, ahead of expected admission of the new shares to trading on AIM on or around 15 January 2026, after which Shuka will own 100% of LEM and Kabwe and its issued share capital will rise to 95,498,639 ordinary shares.
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 the acquisition of Leopard Exploration and Mining Limited, which owns the Kabwe Zinc Mine in central Zambia, a project described as a world-class asset.
Average Trading Volume: 221,753
Technical Sentiment Signal: Hold
Current Market Cap: £4.21M
See more insights into SKA stock on TipRanks’ Stock Analysis page.