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.
Select text to share a quote on X · sign in to keep highlights & notes in your JLP notes
Altx share code: JBL
('Jubilee' or 'Company' or 'Group')
Closing of Sale of South African Operations
Jubilee, 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.
As 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.
Following 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.
Leon Coetzer, CEO of Jubilee, commented:
"I am pleased to report that we have executed this transaction within the timelines stipulated when first announced.
Thank 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.
I 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."
AGM Q&A
Ahead 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: jmorley-kirk@jubileemetalsgroup.com.
Jubilee Metals Group PLC
Leon Coetzer (CEO)/Jonathan Morley-Kirk (FD)
Nominated Adviser - SPARK Advisory Partners Limited
Andrew Emmott/James Keeshan
PR & IR Adviser - Tavistock
Jos Simson/Gareth Tredway
Joint Broker - Zeus Capital
Harry Ansell/Katy Mitchell
Joint Broker - Shard Capital Partners LLP
Erik Woolgar/Gareth Burchell
Tel +44 (0) 207 1869900
JSE Sponsor - Questco Corporate Advisory Proprietary Limited
Alison McLaren
Financial Advisor to the transaction
Absa Corporate and Investment Bank, a division of Absa Bank Limited
Craig Brewer
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.