Jiangxi Copper's Subsidiary Launches Mandatory Offer for Full Acquisition of SolGold plc

Stock News03-05

Jiangxi Copper Company Limited (600362.SH) announced that on December 24, 2025 (London time), its wholly-owned subsidiary, Jiangxi Copper (Hong Kong) Investment Limited, issued a formal offer to acquire all issued and to-be-issued shares of SolGold plc at a price of 28 pence per share in cash, excluding shares already held by the company. Updates on the formal offer were disclosed on February 24 and March 3, 2026. The ruling issued by the UK court on March 2, 2026 (London time) was submitted to the UK Companies House on March 4, 2026 (London time), and the acquisition plan officially took effect on the day of submission. The core asset of SolGold, the Alpala deposit in the Cascabel project, has completed a pre-feasibility study, with measured, indicated, and inferred resources totaling 12.2 million tons of copper, 30.5 million ounces of gold, and 102.3 million ounces of silver. Proven and probable reserves include 3.2 million tons of copper, 9.4 million ounces of gold, and 28 million ounces of silver. Upon completion of the transaction, the company's resource reserves and supply capacity are expected to improve significantly, supporting its overseas strategy and global resource layout, thereby creating broader opportunities for sustainable high-quality development and enhancing long-term competitiveness.

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