US LNG exports surge but will buyers in China turn up?
LONDON - Shuka Minerals Plc (AIM & AltX:SKA), an African mine operator and developer, has announced the expiration of several warrants. A total of 15,846,691 warrants with an exercise price of 25 pence each, issued in May 2021 and August 2023 and extended on May 24, 2024, for an additional 12 months, have now expired as of May 25, 2025.
The company noted that the following warrants remain outstanding: 285,714 warrants at 7 pence expiring on December 9, 2025; 333,334 warrants at 25 pence expiring on December 5, 2027; 4,250,000 warrants at 12.5 pence expiring on December 31, 2027; and 3,600,000 warrants at 9.125 pence expiring on August 2, 2028.
Shuka Minerals, which has recently been listed on the Alternative Exchange (AltX) in South Africa on May 21, 2025, and is also traded on AIM in the United Kingdom (TADAWUL:4280), currently has an issued share capital of 66,858,597 ordinary shares.
The company operates a coal mine in Tanzania, with considerations to expand capacity based on funding and strategic direction. Shuka is exploring opportunities in Zambia, South Africa, and other mineral-rich African nations, focusing on copper, lead, and zinc projects.
Additionally, Shuka has entered into a Share Purchase Agreement to acquire Leopard Exploration and Mining Limited (LEM), which holds a large-scale mining license for the historical Kabwe Zinc Mine in Zambia. This mine, previously operated by Anglo American (JO:AGLJ) plc and Zambia Consolidated Copper Mines Limited, was one of the world’s highest-grade zinc and lead operations until its closure in 1994.
This information is based on a press release statement from Shuka Minerals Plc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.