REG - Arc Minerals Limited - Comprehensive Settlement Agreement in Zambia

ARC MineralsAnnouncement

27/05/2026 07:00

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RNS Number : 7801F  Arc Minerals Limited  27 May 2026

Market Abuse Regulation (MAR) Disclosure

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

27 May 2026

 

Arc Minerals Ltd

("Arc" or "the Company")

 

Comprehensive Settlement Agreement in Zambia

 

Arc Minerals (LSE: ARCM), an exploration company focused on discovering and
developing Tier 1 copper deposits in Africa, is pleased to announce that it
has executed a comprehensive Settlement Agreement (the "Settlement
Agreement"), bringing to a full and final conclusion all outstanding
litigation between the parties.

 

The Settlement Agreement, entered into between the Company, Handa Resources
Limited* ("Handa"), Unico Minerals Limited* ("Unico") and Kopara Investments
Limited ("Kopara") (together "Party A") and Zambia Mineral Exchange
Corporation Limited ("ZAMEX"), Lunda Resources Limited (formerly Zamsort
Limited) ("Lunda") and Mumena Mushinge (together, "Party B"), terminates eight
sets of ongoing proceedings across multiple Zambian courts and tribunals and
accordingly resolves all ongoing litigation impacting Arc in Zambia.
Procedurally, the requisite consent judgements are being filed with the
relevant Zambian courts and the Company will make a further announcement upon
completion of this process.

 

Rémy Welschinger, CEO of Arc Minerals, commented: "I am very pleased that we
have successfully reached a comprehensive and final resolution of all
outstanding legal disputes in Zambia. This settlement allows us to focus
entirely on advancing our exploration and development activities across
Botswana and Zambia. Arc's Kabompo West project represents one of the largest
exploration footprints in the Domes region of Zambia."

 

Key terms of the Settlement Agreement

 

Discontinuance of proceedings

Party A and Party B (Party A and Party B are together the "Parties", and each
individual company a "Party") have agreed to resolve all existing disputes,
claims, counterclaims and proceedings between them on a full, final and
comprehensive basis, and to formally discontinue by consent all pending
litigation.

 

Mutual release and non-interference

Without any admission of liability by any Party and in consideration of the
terms of the Settlement Agreement, each Party irrevocably and unconditionally
released and absolutely discharged each other and their related parties, from
any and all claims, demands, actions, causes of action and proceedings of
whatever nature, whether past, present or future, actual or contingent, known
or unknown, matured or unmatured, and in any jurisdiction whatsoever,
including before any court, tribunal, arbitral panel, regulatory authority, or
other body.

 

Deferred Settlement Payment

Party B has agreed to pay a USD 200,000 Settlement Payment to Party A,
contingent upon Party B delivering a JORC-compliant Measured Mineral Resource
of not less than 30,000,000 tonnes at a cut-off grade of 1.5% Cu on Lunda's
Licence No. 41777-HQ-LEL on or before 31 December 2031. No payment is due if
this condition is not met by that date.

 

Licence 19906-HQ-LEL, held by Handa Resources Limited ("Handa")

Lunda irrevocably and unconditionally renounces, waives, disclaims and
abandons all alleged rights, title, interest, claims or entitlements (whether
legal, beneficial, contractual, possessory or otherwise) ("Interests") in or
to Handa's Large-Scale Exploration Licence 19906-HQ-LEL and the tenement
subsisting thereunder and undertakes not to assert or make any representations
or filings in relation to any Interests in any court, tribunal, regulatory
authority or other forum, whether in Zambia or elsewhere, that is inconsistent
with Handa's ownership of 19906-HQ-LEL.

 

Licence 41777-HQ-LEL, held by Lunda

The parties acknowledged that Large-Scale Exploration Licence 41777-HQ-LEL
(approximately 42.5 square kilometres) is legally owned by Lunda, with Handa
having similarly renounced any Interests in this licence. The ground under
Licence 41777-HQ-LEL was originally part of Handa's wider licence area but is
considered an immaterial asset to Arc.

 

*Handa Resources Limited is a wholly owned subsidiary of Unico Minerals
Limited (owned 67% by Arc Minerals and 33% by Kopara).

 

ENDS

 

For further information visit www.arcminerals.com or contact:

 

 Arc Minerals Ltd                       Rémy Welschinger, CEO            E: info@arcminerals.com

 Zeus Capital Ltd                       Katy Mitchell / Harry Ansell     T: +44 (0) 20 3829 5000

 Nominated Adviser & Joint Broker

 Shard Capital Partners LLP             Damon Heath                      T: +44 (0) 20 7186 9952

 Joint Broker

 St Brides Partners Limited             Isabel de Salis / Susie Geliher  E: arc@stbridespartners.co.uk

 Financial PR

Notes

Arc Minerals Ltd (LSE: ARCM) is an AIM-quoted copper exploration company
focused on developing assets across two of Africa's most prospective copper
belts. The Kabompo West Project in Zambia is located within the Western Domes
of the Central African Copperbelt, host to multiple Tier 1 copper deposits,
where extensive work has confirmed widespread mineralisation and multiple
target areas. The Company also holds the Virgo Project in Botswana, situated
in the Kalahari Copper Belt within the highly prospective MMG Zone 5 corridor.
Arc is led by an experienced team with expertise across mining, capital
markets and in-country operations.

 

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