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The latest update is out from Zanaga Iron Ore ( (GB:ZIOC) ).
Zanaga Iron Ore Company Limited has announced its interim results for the first half of 2025, highlighting a strategic transformation with the buyback of Glencore’s equity stake and the termination of their agreements. This move, funded by a $23.01 million equity raise, has restored the company’s strategic independence and attracted new investors with significant mining expertise. The company is advancing several high-impact initiatives to enhance the Zanaga Project’s economics, including the confirmation of high-grade DRI pellet feed quality, which has improved the project’s NPV and IRR. These developments position Zanaga as a key supplier in the growing market for efficient, low-emission steel production, aligning with global decarbonization trends.
More about Zanaga Iron Ore
Zanaga Iron Ore Company Limited (AIM ticker: ZIOC) is an iron ore exploration and development company, with its flagship asset being the 100% owned Zanaga Iron Ore Project, located in the Republic of Congo. The company is focused on becoming a major producer of high-grade, premium DRI pellet feed iron ore, catering to the growing demand for low-carbon-emission steel production.
Average Trading Volume: 804,093
Technical Sentiment Signal: Buy
Current Market Cap: £67.76M
For a thorough assessment of ZIOC stock, go to TipRanks’ Stock Analysis page.