Arc Minerals Increases Share of Zamsort Again

Base Metals Investing

Arc Minerals has announced a further increase in its ownership of Zamsort Limited to 61 percent following the acquisition of an additional 6 percent interest from two separate shareholders of Zamsort.

Arc Minerals (LSE:ARCM) has announced a further increase in its ownership of Zamsort Limited to 61 percent following the acquisition of an additional 6 percent interest from two separate shareholders of Zamsort.

As quoted in the press release, executive chairman of Arc, Nick von Schirnding said:

“We are continuing to follow through on our promise to rapidly deliver value for shareholders at the Zamsort copper-cobalt project both at a corporate level and on the ground. The acquisition of this additional stake in Zamsort takes Arc’s total ownership in Zamsort to 61 percent and it is pleasing to see the rapid mobilization of drilling rigs on site. A comprehensive drilling programme at Zamsort is due to begin imminently and we are extremely excited at the prospect of unlocking the significant value which we believe to be inherent within this highly sought after Zambian copper-cobalt asset.”

Click here to read the full Arc Minerals (LSE:ARCM) press release.

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