IN BRIEF: Arc Minerals Signs Exclusivity Agreement with Anglo American

Arc Minerals Ltd - the exploration company - Says its two subsidiaries, Zamsort and Zaco, have ...

Alliance News 14 July, 2020 | 8:15PM
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Arc Minerals Ltd - the exploration company - Says its two subsidiaries, Zamsort and Zaco, have signed a confidentiality and six month exclusivity agreement with a subsidiary of Anglo American PLC in respect of its copper exploration licenses in Zambia. During the exclusivity period, Anglo American will be permitted to conduct a technical review which, if satisfactory, may result in an extension of the exclusivity and the negotiation of a commercial transaction. Arc will continue with its existing drilling programme during the period of the agreement.

Current stock price: 2.95 pence

Year-to-date change: down 5.8%

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Arc Minerals Ltd 4.11 GBX -0.02 -
Anglo American PLC 1,875.00 GBX 0.19

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