Jubilee Metals Secures $1.5m Investment to Accelerate Zambia Copper Expansion

Jubilee Metals Advances Molefe Copper Growth Strategy with New Funding Investment

Zambia-focused integrated copper producer and resource developer Jubilee Metals, listed on both the AIM and AltX, has secured a $1.5 million unsecured convertible loan note to accelerate development across the greater Molefe region.

The investment comes from an undisclosed backer with a strong track record in copper project development, including involvement in Mantos Copper and its subsequent merger with Capstone Copper.

Jubilee Metals said the funding reflects strong investor confidence in its copper exploration and mining strategy in Zambia, particularly its plans to expand the near-surface Molefe operation and target similar deposits across the broader region.

The company also confirmed that discussions are ongoing regarding a potential additional staggered investment of up to $10 million.

“We are pleased to secure this initial investment, which reflects growing confidence in our copper strategy and the broader opportunity within our Zambian portfolio,” said Jubilee CEO Leon Coetzer.

He added that the facility provides near-term funding flexibility to accelerate exploration and mining activities in the greater Molefe region, while advancing discussions around a longer-term strategic partnership aimed at expanding resources, increasing processing capacity, and boosting copper production across its Zambia platform.

Coetzer further noted that Jubilee’s approach integrates ongoing copper production with the parallel development of a scalable resource base at the Molefe mine.

“This balanced model supports both near-term performance and long-term value creation as the resource base is progressively defined,” he said.