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Shares in Jubilee Metals Group PLC (AIM:JLP, JSE:JBL, OTC:JUBPF), the integrated copper producer and resource developer in Zambia, rose 6% to 2.65 pence on Wednesday. The company has selected a preferred purchaser for its Large Waste Project, which has offered total acquisition consideration of $35 million.
Jubilee Metals Group PLC (JUBPF) Discusses Molefe Mine's Role in Zambia Copper Strategy and Operational Progress Transcript
Jubilee Metals Group PLC (JUBPF) Q2 2026 Earnings Call Transcript
Jubilee Metals Group PLC (AIM:JLP, JSE:JBL, OTC:JUBPF) told investors it has now sold its South African chrome and platinum operations, with the company receiving US$15 million as the the first tranche of deal proceeds. The firm is now focussing soley on its Zambian copper operations (while still retaining an interest in Tjate platinum project).
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Jubilee Metals Group PLC (AIM:JLP, JSE:JBL, OTC:JUBPF) reported increases in production across all of its operations in the first half, with a 46.5% increase in copper cathode and copper in concentrate production in Zambia, totalling 1,683 tonnes. In South Africa, chrome concentrate production saw a rise of 7.4%, reaching 718,189 tonnes, while production of Platinum Group Metals (PGM) increased by 11.2% to 20,244 ounces.
Jubilee Metals has increased the size of its proposed funding round by 30% due to what it said was strong demand during the placing bookbuild. As a result, it will raise £13 million at 5.5p, instead of the £10m originally planned.
Jubilee Metals is to raise £10 million through a placing at 5.5 pence per share, earmarked specifically to help fund its recently announced Green Copper project in Zambia. Green Copper will see Jubilee partner with Abu Dhabi-based International Resources Holding (30%/70%) to process 350 million of waste rock on the surface via a joint venture.
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