IN BRIEF: Shuka's planned buy of Leopard Exploration hit by delay

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Shuka Minerals PLC - Africa-focused mine operator and developer - Hails regulatory approvals in Zambia of its planned acquisition of Zambian mining and exploration company Leopard Exploration & Mining Ltd, and the Kabwe zinc mine in central Zambia. Shuka confirms it has received all but one regulatory approval required to complete the acquisition. The outstanding approval is from the Competition & Consumer Protection Commission, which Shuka’s lawyers in Zambia expect to be received in the second quarter of 2025. Due to the delay of the approval, Leopard Exploration shareholders and Shuka have agreed to extend the completion date by 90 days to June 11. No penalties or fees were incurred for the extension, Shuka highlights.

Current stock price: 3.82 pence each, up 1.9% on Friday afternoon in London

12-month change: down 64%

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