Jubilee Metals Group successfully raises gross proceeds of £30 million (Interview)

Jubilee Metals Group plc (LON:JLP) having now announced that it has today, raised gross proceeds of £ 30 million (ZAR 592 million) as result of the fundraising announced earlier today CEO Leon Coetzer joins DirectorsTalk Interviews to discuss the successful execution of three strategic transactions. Leon puts the 3 transactions into context, explains the value to Jubilee and shareholders and lets us know what else is on the horizon.

A total of 187 149 096 new ordinary shares in the capital of the Company have been placed by WH Ireland Limited with new and existing investors at a price of 16.03 pence (ZAR 316.27 cents) per share.

As previously announced, application has been made to London Stock Exchange plc for the New Ordinary Shares to be admitted to trading on AIM. It is expected that admission will be effective, and dealings in the New Ordinary Shares will commence, at 8.00 a.m. on 21 September 2021.

Jubilee Metals Group is a diversified metal recovery business with a world-class portfolio of projects in South Africa and Zambia. We create value for all stakeholders through the transformation of mining liabilities into profitable assets in a manner that addresses mining’s historical footprint and improves the quality of life for surrounding communities. Our distinguishing value proposition is our net positive impact on all stakeholders and the environment.

Our business model focuses on the retreatment and metals recovery from mine tailings, waste, slag, slurry and other secondary materials generated from mining operations. In effect, while extracting maximum financial returns, we responsibly rehabilitate environments scarred by the surface footprint of historical mining operations and solving air and water pollution issues associated with those installations.

The Company’s expanding multi-project portfolio provides exposure to a broad commodity basket including Platinum Group Metals (‘PGMs’), chrome, lead, zinc, vanadium, copper and cobalt.

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