REG - Arc Minerals Limited - Zambia Legal Update

ARC MineralsAnnouncement

18/11/2025 15:15

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RNS Number : 0419I  Arc Minerals Limited  18 November 2025

18 November 2025, 15:10 UTC

 

Arc Minerals Ltd

('Arc' or the 'Company')

ZAMBIA LEGAL UPDATE

 

Arc is pleased to provide an update on certain of the legal cases being
progressed in Zambia.

 

On 17 November 2025, the High Court in Zambia set aside in full a previously
entered consent judgement which transferred a portion of an exploration
license, legally owned by Handa Ltd, to Lunda Resources Ltd (the "Affected
Interest"). The Affected Interest is not considered a material part of Arc
Mineral's portfolio.

 

The ruling followed a successful challenge by Arc and its co-plaintiffs on the
basis that the consent judgement had been entered into without their
involvement as the shareholders of Handa and contrary to principles of natural
justice.

 

This is a positive legal outcome for the Company in removing what the Company
considers to have been an irregularly obtained consent judgement through
overreach by a provisional receiver, whose appointment has since been stayed
(see announcement dated 15 August 2025).

 

Further updates will be provided as appropriate.

 

Nick von Schirnding, executive chairman of Arc, commented:

"The setting aside of a judgement to transfer a portion of one of our licenses
represents a major step forward for Arc as we deal with a former shareholder's
vexatious attempts to disrupt our exploration activities. It is of great
comfort that we operate in a jurisidiction where a strong judiciary and
adherence to the rule of law prevails."

 

For further information contact:

 Arc Minerals Ltd                                         info@arcminerals.com

 Nick von Schirnding (Executive Chairman)

 Zeus Capital Ltd (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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