Lloyds Metals and Energy Ltd Completes Acquisition of CHEMAF Group of Companies by Virtus Lloyds Minerals Holding

Key Highlights

• LMEL's step-down subsidiary VLMH completes acquisition of 100% equity stake in CHEMAF Group of Companies.
• VLMH is a joint venture between LMEL's wholly owned subsidiary LGRF and Virtus Minerals Group, USA.
• CHEMAF is a copper and cobalt mining and processing company operating in the DRC.
• The acquisition aligns with LMEL's strategy to diversify into critical minerals and build a global-scale copper and cobalt mining platform.
• Upon completion of ongoing expansion projects, LMEL Group’s total production capacity in the DRC is expected to reach approximately 100,000 TPA of Copper and 20,000 TPA of Cobalt.