REG - Shuka Minerals PLC - Expiry of Warrants

Shuka MineralsAnnouncement

04/06/2025 11:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250604:nRSD4138La&default-theme=true

RNS Number : 4138L  Shuka Minerals PLC  04 June 2025

4 June 2025

Shuka Minerals Plc

("Shuka" or the "Company")

Expiry of Warrants

Shuka Minerals Plc (AIM & AltX: "SKA"), an African focused mine operator
and developer, confirms that 15,846,691 warrants, originally issued in May
2021 and August 2023, which have an exercise price of 25  pence each, and
which were extended on 24 May 2024 for a period of 12 months to 25 May 2025
have now expired.

The Company currently has the following warrants outstanding:

·    285,714 warrants at 7 pence expiring on 09/12/2025,

·    333,334 warrants at 25 pence expiring on 05/12/2027,

·    4,250,000 warrants at 12.5 pence expiring on 31/12/2027; and

·    3,600,000 warrants at 9.125 pence expiring on 02/08/2028.

 

The Company's current issued share capital comprises 66,858,597 ordinary
shares, and following the successful JSE listing on 21 May 2025 is now listed
on the Alternative Exchange ('AltX') in South Africa and admitted to trading
on AIM in the United Kingdom.

 

By Order of the Board

4 June 2025

ENDS

 

About Shuka Minerals:

Shuka Minerals plc, is a dynamic and innovative mining and development
company, committed to exploring and harnessing Africa's mineral resources.
Shuka's focus lies in the acquisition and development of valuable minerals,
aiming to contribute to the sustainable growth and development of local
communities.

 

Shuka has an operating coal mine in Tanzania, which capacity is under
consideration for upgrading by management depending on funding and strategic
direction. Shuka is also considering projects in Zambia, South Africa, and
other African countries that are rich in copper, lead, and zinc.

 

The Company has signed a conditional Share Purchase Agreement with Leopard
Exploration and Mining Limited ("LEM") to acquire 100% of LEM's share capital.
LEM is the registered holder of a large-scale mining license 12848-HQ-LML
issued in December 2014 for a period of 25 years, and which includes the
historical Kabwe Zinc Mine ("Kabwe Mine") located in central Zambia, approx.
110km north of the capital city of Lusaka.

 

The Kabwe Mine, was previously operated by Anglo American plc and Zambia
Consolidated Copper Mines Limited, and was mined continuously for 88 years
until its closure in 1994, due to the then current commodity prices. It was
ranked as one of the world's highest-grade zinc and lead mining operations and
is considered one of the famous mines in Africa, holding a position of
national economic importance in Zambia.

 

For Enquiries:

 Shuka Minerals Plc                      +44 (0) 7990 503007

 Richard Lloyd - CEO
 Strand Hanson Limited                   +44 (0) 20 7409 3494

 Financial and Nominated Adviser

 James Harris | Richard Johnson
 Tavira Securities Limited               +44 (0) 20 7100 5100

 Joint Broker

 Oliver Stansfield | Jonathan Evans
 Peterhouse Capital Limited              +44 (0)20 7469 0930

 Joint Broker

 Charles Goodfellow | Duncan Vasey
 Investor Relations                      +254 746 849 110

 Faith Kinyanjui Mumbi
 AcaciaCap Advisors Proprietary Limited  +27 11 480 8500

 JSE Sponsor

 Michelle Krastanov

 

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  MSCGCGDLRXGDGUS