Zhi Tong Cai Jing·2025-12-29 01:48Group 1 - Jiangxi Copper (600362) announced a cash acquisition agreement for all issued and to be issued common shares of SolGold, with a maximum total consideration not exceeding £764 million [1] - The acquisition will be executed under the provisions of the Companies Act, subject to shareholder approval and other conditions [1] - Upon completion, SolGold will become a wholly-owned subsidiary of Jiangxi Copper, and its financial performance will be consolidated into Jiangxi Copper's financial statements [1] Group 2 - SolGold is a leading mineral exploration and development company focused on discovering and developing world-class copper-gold deposits, emphasizing responsible mining and sustainability [2] - Established in 2006, SolGold is one of the largest license holders in Ecuador and is actively exploring in the highly prospective Andean copper belt [2] - The flagship project, Cascabel, located in northern Ecuador, is considered one of the most significant undeveloped porphyry copper-gold deposits globally, with potential to become a landmark mining project in South America [2] - Jiangxi Copper has been a shareholder of SolGold since November 2020 and is the largest single shareholder, holding approximately 12.2% of SolGold's issued share capital [2] - The company is familiar with SolGold's flagship deposit and exploration portfolio, aligning with management's view that Cascabel has significant value creation potential [2] - Jiangxi Copper believes it has the necessary technical expertise, engineering capabilities, supply chain, and financial resources to advance the development of the Cascabel project and unlock its future growth potential [2]