Lloyds Metals partners Tata Steel, acquires Congo mining stake

On December 10, 2025, Lloyds Metals and Energy Limited announced a non-binding Memorandum of Understanding (MoU) with Tata Steel Limited to explore collaboration in raw material mining, logistics, pellets, and steel making, with a focus on opportunities in Maharashtra's Gadchiroli district. Concurrently, Lloyds Metals granted 105,000 employee stock options under its ESOP-2017 plan, with an exercise price of INR 4 per option.

In a separate strategic move on the same date, Lloyds Metals' wholly-owned subsidiary, Lloyds Global Resources FZCO (LGRF), received approval to acquire a 50% equity stake in Nexus Holdco FZCO for up to $55m. Nexus Holdco FZCO, incorporated on July 25, 2025, in Dubai, holds approximately 80-90% equity in Surya Mines SARL and eight other companies in the Democratic Republic of Congo, collectively owning mining concessions and a copper processing plant. This acquisition, expected to close by June 2026, aims to expand Lloyds Metals' mineral exploration and processing business in a growing commodity segment.