Shuka Minerals Reports New Funding Delay for Zambia’s Kabwe Mine and Leopard Exploration Acquisition
Shuka Minerals Faces Further Delay in Funding for Kabwe Mine and Leopard Exploration Acquisition Aim- and AltX-listed Shuka Minerals has announced another delay in the release of funds required to finalize its planned acquisition of Leopard Exploration and Mining (LEM) and the Kabwe zinc mine in central Zambia. In a statement issued on October 16, the company said that Gathoni Muchai Investments (GMI) had informed it of a further delay in remitting the funds tied to the increased loan agreement signed on June 30. GMI is reportedly finalizing alternative arrangements…
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