Business
Closing of Sale of South African Operations
Jubilee Metals Group Plc has completed the sale of its South African Chrome and PGM Operations to One Chrome (Pty) Ltd, with the second cash instalment of US$10 million expected shortly. The company is now solely focused on its Zambian Copper Business, though it retains its investment in the Tjate platinum project and is exploring options for its monetization. Management expressed satisfaction with the transaction's timely completion and is optimistic about significant growth in the copper operations. Investors can submit questions for the upcoming Annual General Meeting on January 14, 2026, via email. Disclaimer*
About this update from Jubilee Metals Group Plc
[{"type":"text","content":"\n\nJubilee Metals Group Plc\nRegistration number (4459850)\nAIM share code: JLP\nAltx share code: JBL\nISIN: GB0031852162\n('Jubilee' or 'Company' or 'Group')\n \nDissemination of a Regulatory Announcement that contains inside information according to UK Market Abuse Regulations. Not for release, publication or distribution in whole or in part in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction.\nClosing of Sale of South African Operations\nJubilee, the Zambia copper focused producer, is pleased to announce that, following the satisfaction of all conditions, the sale of the South African Chrome and PGM Operations to One Chrome (Pty) Ltd (Disposal) is now complete.\nAs per the original transaction terms, the second cash instalment of US$10 million is expected to be received by Jubilee from One Chrome in the coming days.\nFollowing completion of the Disposal, the Company is now focused solely on its Zambian Copper Business. Whilst the Company has retained its investment in the Tjate platinum project in South Africa it continues to explore options to monetise this asset.\nLeon Coetzer, CEO of Jubilee, commented:\n\"I am pleased to report that we have executed this transaction within the timelines stipulated when first announced.\nThank you to the South African leadership team for all your efforts, not only in seeing this transaction to close, but for the hard work from you and all of our employees in building this business into one of the world's largest chrome producers in just a few short years. I will eagerly follow your growth and wish you continued success.\nI am excited to lead our remaining executive and Zambian copper team in replicating this success through our Copper Business and look forward to a year of delivering significant growth in our copper operations.\"\n \nAGM Q&A\nAhead of the upcoming Annual General Meeting on 14 January 2026, management would like to provide the opportunity for investors to submit questions ahead of the meeting via email to the following address: [email protected].\n \n2 January 2026\nFor further information visit www.jubileemetalsgroup.com, follow Jubilee on X (@Jubilee_Metals) or contact:\nJubilee Metals Group PLC \nLeon Coetzer (CEO)/Jonathan Morley-Kirk (...