REG - Shuka Minerals PLC - Update on financing for Kabwe transaction

Shuka MineralsAnnouncement

13/01/2026 07:00

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RNS Number : 6710O  Shuka Minerals PLC  13 January 2026

13 January 2026

Shuka Minerals Plc

("Shuka" or the "Company")

Kabwe Mine - update on financing for Kabwe transaction

Shuka Minerals Plc (AIM/AltX: SKA), an African focused mine operator and
developer, provides an update on the Company's proposed acquisition
("Acquisition") of the Zambian mining and exploration company, Leopard
Exploration and Mining Limited ("LEM") and the Kabwe Zinc Mine ("Kabwe Mine")
located in central Zambia.

Further to its announcement on 12 January 2026, the Company is still awaiting
the funds receipt in relation to the payment of £815,000 from African focused
investment banking and corporate finance group Gathoni Muchai Investments
Limited ("GMI"), pursuant to the increased loan ("GMI Loan") entered into on
30 June 2025.

GMI have informed the Company that they have instructed the payment and
provided remittance advice. A further announcement will be made upon receipt
of the funds.

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.

Capitalised terms in this announcement have the same meaning as in the
Company's announcement 1 July 2025, unless otherwise defined.

Shuka Minerals plc has its primary listing on the London Stock Exchange (AIM)
and a secondary listing on the AltX of the JSE Limited.

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

 AcaciaCap Advisors Propriety Limited   +27 (11) 480 8500

 JSE Sponsor and Listing Advisor

 Michelle Krastanov

 Tavira Financial 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

 

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