Jubilee Metals Group plc (LON:JLP), the Zambia copper focused producer, has announced that, following completion of the sale of its South African Chrome and PGM Operations, the Company has now received the second cash instalment of US$10 million from Chrome One as outlined in the circular released on 12 August 2025.
Jubilee Metals confirms receipt of second $10m payment after asset sale
- Written by: Amilia Stone
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Jubilee has called a General Meeting for 15 June 2026 to seek authority to allot shares and dis-apply pre-emption rights up to 7.5% of its issued share capital, supporting its Zambia copper strategy and Molefe region development.
Jubilee has secured a US$1.5 million unsecured convertible loan note to accelerate development of the greater Molefe region in Zambia, with discussions continuing over a potential further US$10 million investment.
Gold’s 2026 outlook remains focused on second-half demand, portfolio positioning and the balance between near-term risks and structural support.
Jubilee Metals is increasing copper output in Zambia as Roan ramps up and Molefe prepares to support larger-scale production.
Jubilee increased nine-month saleable copper production by 28.7% to 2,177 tonnes, with Roan output more than doubling and Molefe Mine expansion progressing ahead of further guidance.
Jubilee Metals is sharpening its focus on Zambia copper, with a targeted annual production level and a clearer portfolio direction that increases investor attention on execution and timing.
