Lloyds Metals And Energy Limited announced that its wholly-owned subsidiary, Lloyds Global Resources FZCO (LGRF), has executed a Sale of Shares and Claims Agreement to acquire a 50% equity stake in Nexus Holdco FZCO. This agreement was finalized on January 16, 2026, following prior approval granted on December 10, 2025.

The acquisition is a strategic decision where LGRF and existing shareholders will hold a 50:50 equity stake in Nexus Holdco FZCO. Nexus Holdco FZCO, in turn, holds approximately 80-90% equity in eight companies, including Surya Mines SARL, all located in the Democratic Republic of the Congo. These underlying companies collectively possess various mining concessions for copper and operate a copper processing plant.

The size of the agreement is USD 90.8 Million. The agreement includes significant terms such as the right to appoint directors, a first right to share subscription in case of new share issuance, and restrictions on changes to the capital structure. This transaction is considered a related party transaction but is executed at arm's length.