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Edenville Energy ( (GB:SKA) ) has shared an update.
Shuka Minerals Plc has announced an update on its acquisition of Leopard Exploration and Mining Limited and the Kabwe Zinc Mine in Zambia. The company has secured an increased loan facility from Gathoni Muchai Investments Limited, enabling it to complete the acquisition and commence exploration and development at the Kabwe Mine. This acquisition aims to revitalize the historic Kabwe Mine, previously one of the world’s highest-grade zinc and lead mining operations, and is expected to enhance Shuka’s industry positioning by expanding its mining operations in Africa.
More about Edenville Energy
Shuka Minerals plc is a dynamic and innovative mining and development company focused on exploring and harnessing Africa’s mineral resources. The company is engaged in the acquisition and development of valuable minerals, aiming to contribute to sustainable growth and development in local communities. Shuka operates a coal mine in Tanzania and is considering projects in Zambia, South Africa, and other African countries rich in copper, lead, and zinc. It is listed on the Alternative Exchange of the JSE in South Africa and admitted to trading on AIM in the UK.
Average Trading Volume: 299,091
Technical Sentiment Signal: Sell
Current Market Cap: £3.41M
For a thorough assessment of SKA stock, go to TipRanks’ Stock Analysis page.