For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230331:nRSe8516Ua&default-theme=true
RNS Number : 8516U Arc Minerals Limited 31 March 2023
31 March 2023
Arc Minerals Ltd
('Arc Minerals' or the 'Company')
Extension of Exclusivity Agreement
Arc Minerals is pleased to announce an update on the proposed Joint Venture
with a subsidiary of Anglo American plc ("Anglo American") in respect of its
copper interests in North Western Zambia (the "Joint Venture").
To accommodate the completion of certain outstanding steps, a 13 business day
extension to 21 April to the exclusivity under the letter of intent with Anglo
American has been agreed.
All substantive commercial terms of the proposed Joint Venture remain
unchanged from those previously announced on 12 May 2022.
Nick von Schirnding, Executive Chairman of Arc Minerals, commented:
"I am very pleased with progress made to date and look forward to updating
shareholders in more depth soon."
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.
**ENDS**
Contacts
Arc Minerals Ltd +44 (0) 20 7917 2942
Nick von Schirnding (Executive Chairman)
SP Angel (Nominated Adviser & Joint Broker) +44 (0) 20 3470 0470
Ewan Leggat / Adam Cowl
WH Ireland Limited (Joint Broker) +44 (0) 20 7220 1666
Harry Ansell / Katy Mitchell
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END AGRVBLFXXXLBBBQ