Arc Minerals (LSE:ARCM) has announced the termination of its joint venture with Anglo American concerning its Zambian mining tenements. The decision follows a lack of drilling activity throughout 2025, with Anglo American withdrawing and relinquishing its interests.
As a result, Arc Minerals will regain full control of Handa Resources Limited and intends to explore new strategic options for the assets, including the potential engagement of a new joint venture partner. The company has stated that it remains financially stable, with no immediate requirement for an equity raise, and is focused on resolving outstanding legal matters in Zambia.
About Arc Minerals
Arc Minerals is an exploration company focused on advancing Tier 1 copper projects, with core operations in Zambia. Listed on the London Stock Exchange, the company holds a portfolio of highly prospective copper tenements across Africa.
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