REG - Arc Minerals Limited - Anglo JV Payment

ARC MineralsAnnouncement

28/11/2024 07:00

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RNS Number : 9103N  Arc Minerals Limited  28 November 2024

28 November 2024, 07:00 UTC

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 (MAR) as in force in the United Kingdom pursuant to the
European Union (Withdrawal) Act 2018. Upon the publication of this
announcement via Regulatory Information Service (RIS), this inside information
will be in the public domain.

Arc Minerals Ltd

('Arc' or the 'Company')

Anglo JV Payment

 

Arc Minerals (LSE: ARCM) is pleased to announce that it has received further
payment of USD 1 million under the Joint Venture with a subsidiary of Anglo
American ("Anglo JV").

 

The commercial terms of the Anglo JV were set out in the Company's
announcement of 12 May 2022. All payments under the agreement are receivable
by Arc on behalf of its subsidiary Unico Minerals Ltd, with Arc retaining 67%
of amounts received and the balance attributable to its fellow Unico
shareholder.

The Directors of Arc are solely and entirely responsible for the content of
this announcement. Neither Anglo American nor any other person, accepts
responsibility for the adequacy or accuracy of this news release.

Unico Minerals Ltd is a 67%-owned subsidiary of Arc.

 

For further information contact:

 Arc Minerals
 Ltd

                                                                                                                               c/o Benchmark Communications
 Nick von Schirnding (Executive Chairman)

 Zeus (Nominated Adviser & Joint Broker)                                                                                         Tel: +44 (0) 20 3829 5000

 Katy Mitchell/Harry Ansell

 Shard Capital Partners LLP (Joint Broker)                                                                                       Tel: +44 (0) 20 7186 9952

 Damon Heath

 

For more information, visit www.arcminerals.com (http://www.arcminerals.com/)
.

 

 

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