REG - Arc Minerals Limited - Cessation Of Anglo American / Arc Joint Venture

ARC MineralsAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251020:nRST9679Da&default-theme=true

RNS Number : 9679D  Arc Minerals Limited  20 October 2025

20 October 2025, 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')

CESSATION OF ANGLO AMERICAN / ARC JOINT VENTURE

 

Arc Minerals (LSE: ARCM), an exploration company focused on developing Tier 1
copper deposits, announces that the joint venture agreement in respect of the
Zambian mining tenements between its subsidiary Unico Minerals Limited(1) with
a subsidiary of Anglo American plc ("Anglo American") has by mutual agreement
been terminated and Anglo American has accordingly withdrawn from the joint
venture and surrendered its interests, which were held through the joint
venture company, Handa Resources Limited ("Handa"). This follows a protracted
period of no drilling activity during 2025. It has been further agreed that
circa US$800,000 will be left in Handa's bank account and Arc will resume
control of that company, with Anglo American surrending its shares in Handa.

 

Nick von Schirnding, executive chairman of Arc said "While we are sorry to
part company with Anglo American, I am pleased that we revert to a controlling
position in what is widely regarded as one of the most prospective copper
tenements in Africa with only a fraction having been drilled to date. We will
explore our options for these assets which may include a new joint venture
partner.

 

"We remain resolutely determined to complete the court processes underway in
Zambia to deal with the improprieties carried out by an individual intent on
holding the Company to ransom which we naturally will not countenance."

 

Given existing cash resources and the balance of cash being left in Handa, the
Directors do not anticipate any requirement to undertake an equity raise in
the foreseeable future to support existing operations.

Arc Minerals is solely and entirely responsible for the contents hereof.
Neither Anglo American nor any other person, accepts responsibility for the
adequacy or accuracy of this news release.

 1  Arc Minerals 66% shareholding, with the balance held by Kopara Investments
Ltd

 

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/)
.

 

Forward-looking Statements

This news release contains forward-looking statements that are based on the
Company's current expectations and estimates. Forward-looking statements are
frequently characterised by words such as "plan", "expect", "project",
"intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other
similar words or statements that certain events or conditions "may" or "will"
occur. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that could cause actual events or results to
differ materially from estimated or anticipated events or results implied or
expressed in such forward-looking statements. Such factors include, among
others: the actual results of current exploration activities; conclusions of
economic evaluations; changes in project parameters as plans continue to be
refined; possible variations in ore grade or recovery rates; accidents, labour
disputes and other risks of the mining industry; delays in obtaining
governmental approvals or financing; and fluctuations in metal prices. There
may be other factors that cause actions, events or results not to be as
anticipated, estimated or intended. Any forward-looking statement speaks only
as of the date on which it is made and, except as may be required by
applicable securities laws, the Company disclaims any intent or obligation to
update any forward-looking statement, whether as a result of new information,
future events or results or otherwise. Forward-looking statements are not
guarantees of future performance and accordingly undue reliance should not be
put on such statements due to the inherent uncertainty therein.

 

 

**ENDS**

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  STRKZMMGVLFGKZM



            Copyright 2019 Regulatory News Service, all rights reserved