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Zanaga Iron Ore’s Strategic Shift and Project Advancements in 2025

Story Highlights
  • Zanaga Iron Ore completed a $23.01 million equity raise, buying back Glencore’s stake.
  • High-grade DRI pellet feed quality confirmed, boosting Zanaga Project’s economics.
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Zanaga Iron Ore’s Strategic Shift and Project Advancements in 2025

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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.

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