Jiangxi Copper unit acquires additional SolGold stake

Jiangxi Copper Co., Ltd. announced that its wholly-owned subsidiary, Jiangxi Copper (Hong Kong) Investment Co., Ltd., has entered into a share purchase agreement to acquire 157,141,000 shares of SolGold Plc, representing approximately 5.24% of SolGold's issued shares, for $18,071,215. This transaction increases Jiangxi Copper (Hong Kong)'s total holdings in SolGold to 365,757,587 shares, or about 12.19% of the issued shares. SolGold, headquartered in Perth, Australia, is a mineral exploration and development company with its primary asset being a 100% interest in the Cascabel project in Ecuador, which contains a substantial copper and gold deposit. Jiangxi Copper believes this acquisition aligns with the company's development strategy and will enhance its industry position. The deal is subject to regulatory approvals in China, Hong Kong, and the United Kingdom.