Lloyds Metals and Energy Ltd

Lloyds Metals Expands into DR Congo with Major Stake Acquisition 🌍⛏️

- Lloyds Metals’ subsidiary to acquire 50% stake in Nexus Holdco FZCO for up to $55M in cash.

- Nexus Holdco owns 80-90% equity in Surya Mines SARL + 8 other DR Congo-based companies with mining concessions and a copper processing plant.

- Deal expected to finalize by end of June 2026.

- Non-binding MOU signed with Tata Steel to explore collaboration in raw materials, logistics, and steel production.

- Nexus Holdco was incorporated in Dubai’s DMCC Zone in July 2025.

- Acquisition aligns with Lloyds Metals’ expansion into mineral exploration and processing.