Jubilee Metals Appoints Shard Capital as Joint Broker Amid Strategic Pivot to Zambia
Jubilee Metals Names Shard Capital as Joint Broker, Advances $90M Asset Sale in South Africa
Diversified metals producer Jubilee Metals Group has appointed Shard Capital Partners as its joint broker with immediate effect, replacing RBC Capital Markets.
Shard Capital will now work alongside Zeus Capital to support Jubilee’s capital markets activities and investor relations.
The appointment marks a renewed collaboration, as the two companies have maintained a longstanding relationship.
The change in brokerage support comes as Jubilee sharpens its strategic focus on Zambia, shifting away from its South African chrome and platinum group metal (PGM) operations.
On June 5, Mining Weekly reported that Jubilee had accepted a conditional binding offer from a private mining and metals trading company to acquire its South African chrome and PGM assets for up to $90 million.
The payment structure includes an upfront cash component and deferred payments over a three-year period.
This planned divestment aligns with Jubilee’s strategy to concentrate on expanding its copper portfolio in Zambia, where the company sees significant growth opportunities at its existing sites.
Jubilee and the buyer are actively working to finalize the sale agreements, with a circular containing full transaction details expected to be published in the last week of July.
“The appointment of Shard Capital supports our evolving capital markets strategy as we transition our portfolio to focus on high-growth copper assets in Zambia,” Jubilee said in a statement.
