Arc Minerals Limited Anglo JV Payment
28 November 2024 - 8:00AM
RNS Regulatory News
RNS Number : 9103N
Arc Minerals Limited
28 November 2024
28 November 2024, 07:00
UTC
The
information contained within this announcement is deemed by the
Company to constitute inside information as stipulated under the
Market Abuse Regulations (EU) No. 596/2014 (MAR) as in force in the
United Kingdom pursuant to the European Union (Withdrawal) Act
2018. Upon the publication of this announcement via Regulatory
Information Service (RIS), this inside information will be in the
public domain.
Arc
Minerals Ltd
('Arc' or
the 'Company')
Anglo JV
Payment
Arc Minerals (LSE: ARCM) is pleased
to announce that it has received further payment of USD 1 million
under the Joint Venture with a subsidiary of Anglo American ("Anglo
JV").
The commercial terms of the Anglo JV
were set out in the Company's announcement of 12 May 2022. All
payments under the agreement are receivable by Arc on behalf of its
subsidiary Unico Minerals Ltd, with Arc retaining 67% of amounts
received and the balance attributable to its fellow Unico
shareholder.
The Directors of Arc are solely and entirely responsible for
the content of this announcement. Neither Anglo American nor any
other person, accepts responsibility for the adequacy or accuracy
of this news release.
Unico Minerals Ltd is a 67%-owned subsidiary of
Arc.
For further information
contact:
|
Arc
Minerals
Ltd
Nick von Schirnding (Executive
Chairman)
|
c/o Benchmark
Communications
|
|
|
|
|
Zeus
(Nominated Adviser & Joint
Broker)
Katy Mitchell/Harry Ansell
|
Tel: +44 (0) 20 3829 5000
|
|
|
|
|
Shard Capital Partners LLP (Joint Broker)
Damon Heath
|
Tel: +44 (0) 20 7186 9952
|
For more information,
visit www.arcminerals.com.
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END
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