LLOYDSME

On January 16, 2026, Lloyds Metals and Energy Limited informed BSE and NSE about the execution of a Sale of Shares and Claims Agreement by its wholly-owned subsidiary, Lloyds Global Resources FZCO (LGRF), to acquire a 50% equity stake in Nexus Holdco FZCO. Nexus holds 80-90% equity in Surya Mines SARL and eight other companies in the Democratic Republic of Congo, which collectively own copper mining concessions and a processing plant. The agreement, valued at USD 90.8 million, includes provisions for special rights such as appointing directors and restricting changes in capital structure. The transaction is conducted at arm’s length and does not involve related parties. Upon completion, LGRF and existing shareholders will hold Nexus shares in a 50:50 ratio.