SolGold Announces US$18 Million Investment from Jiangxi Copper
Bishopsgate, London – ACCESS Newswire – March 12, 2025
SolGold plc, a leading mining exploration company listed on the London Stock Exchange (LSE:SOLG) and the Toronto Stock Exchange (TSX:SOLG), has made an exciting announcement. Its wholly-owned subsidiary, SolGold Canada Inc., has entered into a share purchase agreement with Jiangxi Copper (Hong Kong) Investment Company Limited, a subsidiary of Jiangxi Copper Company Limited.
The Investment Details
Under the terms of the agreement, SolGold Canada will sell 157,141,000 ordinary shares of SolGold at a price of US$0.115 per share. This transaction will raise gross proceeds of approximately US$18 million for SolGold.
Significant Premium
It is important to note that the price of US$0.115 per share represents a premium of about 45% compared to the closing middle-market share price on March 11, 2025.
Impact on SolGold
This investment will significantly strengthen SolGold’s financial position. The funds raised will be used to advance the company’s exploration projects and for general working capital purposes.
Jiangxi Copper’s Interest
Jiangxi Copper Company Limited, one of China’s leading copper producers, will become a significant shareholder in SolGold following this investment. This strategic partnership could potentially lead to new opportunities for collaboration and growth in the mining sector.
Global Implications
The mining industry, particularly the copper sector, is a significant contributor to the global economy. This investment from Jiangxi Copper into SolGold could have far-reaching implications. It could lead to increased cooperation between China and other countries in mining projects, boosting economic ties and potentially improving global trade relations.
Conclusion
SolGold’s announcement of a US$18 million investment from Jiangxi Copper is a significant development. This investment will provide SolGold with the financial resources needed to progress its exploration projects. Furthermore, the strategic partnership with Jiangxi Copper, one of China’s leading copper producers, could lead to new opportunities for collaboration and growth. On a larger scale, this investment could have global implications, potentially strengthening economic ties between countries and improving trade relations.
- SolGold raises US$18 million through share sale to Jiangxi Copper
- Jiangxi Copper to become significant shareholder in SolGold
- Funds to be used for exploration projects and general working capital
- Strategic partnership could lead to new opportunities for collaboration
- Global implications: potential economic ties strengthening and improved trade relations
