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Lloyds Metals Allots 1.76 Cr Shares Raising ₹847.5 Cr; Plans DRC Copper/Cobalt Venture
Lloyds Metals and Energy has allotted 1.76 crore equity shares to 47 non-promoter investors following the conversion of warrants, resulting in a cash infusion of ₹847.55 crore. The shares were issued at a price of ₹740 each, representing the final 65% payment of the total subscription amount. Simultaneously, the company announced a strategic move to acquire a 49% stake in a Cayman Islands entity for up to $1 million. This acquisition is aimed at investing in critical copper and cobalt assets in the Democratic Republic of the Congo (DRC).
Key Highlights
Allotted 1,76,20,550 equity shares at ₹740 per share to 47 non-promoter entities upon warrant conversion.
Received ₹847.55 crore as the final 65% subscription amount, strengthening the company's liquidity.
Total paid-up equity capital increased from 54.52 crore shares to 56.28 crore shares post-allotment.
Approved a $1 million investment for a 49% stake in Virtus Lloyds Minerals Holding to target DRC mining assets.
The international expansion focuses on high-demand battery minerals including copper and cobalt.
💼 Action for Investors
The significant capital infusion provides strong support for the company's balance sheet and future growth projects. Investors should view the entry into the DRC mining sector as a long-term strategic pivot toward the global EV and battery mineral supply chain.
Lloyds Metals Raises ₹847.55 Cr via Warrant Conversion & Acquires 49% Stake in Cayman Entity
Lloyds Metals and Energy Limited (LLOYDSME) has approved the allotment of 1.76 crore equity shares to 47 non-promoter investors following the conversion of warrants, resulting in a capital infusion of ₹847.55 crore. Additionally, the company's subsidiary will acquire a 49% stake in Virtus Lloyds Minerals Holding (VLMH), a Cayman Islands entity, for up to USD 1 million. This strategic acquisition is intended to facilitate investments in copper and cobalt assets in the Democratic Republic of the Congo. The combined moves significantly strengthen the company's balance sheet and signal a major expansion into critical international mining assets.
Key Highlights
Allotted 1,76,20,550 equity shares at an issue price of ₹740 per share to 47 non-promoter investors.
Received ₹847.55 crore as the final 65% subscription amount for the converted warrants.
Approved acquisition of up to 49% stake in Cayman-based Virtus Lloyds Minerals Holding for USD 1 million.
The acquisition targets high-value copper and cobalt assets in the Democratic Republic of the Congo.
Total paid-up equity capital increased from 54.52 crore to 56.28 crore shares post-allotment.
💼 Action for Investors
Investors should look favorably on the substantial capital infusion and the strategic entry into the critical minerals space (copper and cobalt). Monitor the development of the DRC mining assets as they could provide significant long-term value and diversification.
Lloyds Metals raises ₹847.5 Cr via warrant conversion; expands into DRC copper & cobalt mining
Lloyds Metals and Energy (LLOYDSME) has successfully raised ₹847.55 crore through the conversion of 1.76 crore warrants into equity shares by 47 non-promoter investors. The shares were issued at ₹740 each, significantly increasing the company's paid-up capital and liquidity. Simultaneously, the board approved a strategic investment of up to USD 1 million for a 49% stake in a Cayman Islands entity to tap into copper and cobalt assets in the Democratic Republic of the Congo. This dual move strengthens the company's balance sheet and diversifies its mineral portfolio internationally.
Key Highlights
Allotted 1,76,20,550 equity shares to 47 non-promoters at an issue price of ₹740 per share
Total cash inflow of ₹847.55 crore received as the final 65% payment for warrant conversion
Paid-up equity share capital expanded to 56,27,85,088 shares post-allotment
Approved 49% stake acquisition in Virtus Lloyds Minerals Holding (Cayman Islands) for up to $1 million
Strategic entry into copper and cobalt mining opportunities in the Democratic Republic of the Congo
💼 Action for Investors
The substantial fundraise provides significant capital for expansion, and the entry into critical minerals like cobalt and copper is a long-term strategic positive. Investors should monitor the progress of the DRC mining operations and the effective utilization of the newly raised capital.
Lloyds Metals Subsidiary Acquires 19.50% Stake in Loka Metals for ₹1.17 Crore
Lloyds Steel Private Limited, a wholly-owned subsidiary of Lloyds Metals and Energy Limited, has acquired a 19.50% equity stake in Loka Metals Private Limited. The acquisition involved the subscription of 11,70,000 equity shares at a par value of ₹10 per share, totaling ₹1.17 Crore in cash consideration. Loka Metals is a newly incorporated entity in Telangana focused on steel processing, trading, and setting up a cut and bend plant. This strategic move is intended to enhance the company's marketing strategy for wire rods and expand its downstream distribution capabilities.
Key Highlights
Acquisition of 19.50% equity stake (11,70,000 shares) in Loka Metals Private Limited.
Total cash consideration of ₹1.17 Crore paid at a par value of ₹10 per share.
Target entity is a startup incorporated in September 2025, yet to commence full operations.
Strategic focus on steel processing, distribution, and establishing a cut and bend facility in Telangana.
Investment aimed at strengthening the marketing and distribution network for wire rods.
💼 Action for Investors
This is a small-scale strategic investment in a downstream startup; investors should monitor how this facility aids the company's wire rod distribution in the southern region.
Lloyds Metals Incorporates New Step-Down Subsidiary Virtus Lloyds in Dubai for AED 50,000
Lloyds Metals and Energy Limited (LLOYDSME) has announced the incorporation of a new step-down subsidiary, Virtus Lloyds Resources FZCO, in the Dubai Multi Commodities Centre (DMCC) Zone. The entity is 100% owned by the company's wholly-owned subsidiary, Lloyds Global Resources FZCO, and was established with a cash consideration of AED 50,000. This move is designed to expand the company's investment and trading footprint in the metals and mining sector within the UAE. Crucially, the subsidiary is also intended to facilitate strategic partnerships with metals and minerals developers from the United States.
Key Highlights
Incorporated 'Virtus Lloyds Resources FZCO' as a 100% step-down subsidiary in Dubai, UAE on February 17, 2026.
Total cash consideration for the 100% equity stake is AED 50,000.
The subsidiary will focus on investment and trading in the Metals and Mining industry.
Strategic objective includes entering into partnerships with Metals and Minerals developers from the USA.
💼 Action for Investors
Investors should view this as a positive step toward global diversification and monitor the subsidiary for future strategic partnerships or international trade volumes. The small initial investment suggests a low-risk entry into the UAE market for broader strategic gains.
Lloyds Metals Q3 FY26: Revenue Surges 129% to ₹3,875 Cr; Consolidated Revenue Crosses ₹11,000 Cr
Lloyds Metals reported a stellar Q3 FY26 with standalone revenue jumping 129% YoY to ₹3,875 crores and PAT rising 128% to ₹889 crores. The company achieved a significant milestone with consolidated revenue crossing ₹11,000 crores, driven by strong iron ore dispatches and the rapid ramp-up of its new pellet operations. Management has increased its pellet capacity target to 10 million tons and is diversifying into copper mining in the DRC. A strategic MOU with Tata Steel for collaboration in Gadchiroli further strengthens the company's long-term growth outlook.
Key Highlights
Standalone Q3 EBITDA grew 137% YoY to ₹1,317 crores with healthy margins of 34%.
Iron ore dispatches reached 4.1 million tons in Q3, with a target to exit FY26 at over 20 million tons.
Pellet production hit 1.14 million tons in Q3, achieving optimal utilization within four months of commissioning.
9M FY26 standalone capex of ₹4,236 crores deployed towards pellet plants, DRI expansion, and a 1.2 MT steel plant.
Strategic entry into copper mining in DRC and gold mining via Geomysore with a targeted ₹60 crore EBITDA in FY27.
💼 Action for Investors
Investors should note the structural margin improvement driven by value-added products and logistics efficiencies like the slurry pipeline. The diversification into copper and the partnership with Tata Steel provide significant long-term catalysts for the stock.
Lloyds Metals to Acquire Global Entities, Expand Pellet Capacity to 10 MTPA, and Build Pipeline
Lloyds Metals and Energy Limited (LLOYDSME) has announced a major strategic expansion, including the acquisition of a 95% stake in a Singapore-based entity for up to $5 million and a 100% stake in a South African entity for $1 million to establish global mining hubs. Domestically, the company is increasing its pellet plant capacity at Konsari from 8 MTPA to 10 MTPA and has approved a second slurry pipeline project to enhance logistics efficiency. Furthermore, the board approved an investment of Rs. 252 crore for a new skilling subsidiary and the conversion of 8.05 lakh warrants into equity at Rs. 740 per share. These moves signify a transition towards a global mining platform and a more integrated domestic value chain.
Key Highlights
Acquisition of 95% stake in Lloyds Asia Resources (Singapore) for $5M and 100% in TP Phoenix (South Africa) for $1M.
Pellet plant capacity expansion at Konsari from 8 MTPA to 10 MTPA through technological debottlenecking.
Approval for a second slurry pipeline (Hedri-Chandrapur-Jalna-Port) to optimize iron ore delivery to steel hubs.
Conversion of 8,05,500 warrants into equity shares at Rs. 740 per share, raising Rs. 38.74 crore in balance subscription.
Planned Rs. 252 crore investment in a new Maharashtra-based subsidiary for skilling and employment programs.
💼 Action for Investors
The aggressive global and domestic expansion plans suggest strong growth prospects; investors should monitor the impact of these capital expenditures on the balance sheet. The slurry pipeline project is a key long-term margin driver that warrants close tracking for execution timelines.
Lloyds Metals to Expand Pellet Capacity to 10 MTPA and Invest in Global Mining Hubs
Lloyds Metals and Energy Limited has approved a significant capacity expansion of its Konsari pellet plants from 8 MTPA to 10 MTPA through debottlenecking. The company is also aggressively expanding its global footprint with acquisitions in Singapore ($5 million) and South Africa ($2 million) to establish international mining and investment platforms. To optimize logistics, a second slurry pipeline project from Hedri to Maharashtra Port has been approved. Additionally, the company raised approximately Rs. 38.74 crore through the conversion of 8.05 lakh warrants into equity shares at Rs. 740 per share.
Key Highlights
Increased Konsari pellet plant capacity from 8 MTPA to 10 MTPA (5 MTPA per plant) via debottlenecking.
Approved a second slurry pipeline project from Hedri to Maharashtra Port to enhance cost-efficient iron ore delivery.
Acquiring up to 95% stake in a Singapore entity for $5M and 100% in a South African entity for $1M to scale global mining operations.
Allotted 8,05,500 equity shares at Rs. 740 each following warrant conversion, raising Rs. 38.74 crore.
Planned investment of Rs. 252 crore in a new wholly-owned subsidiary for skilling and regional development.
💼 Action for Investors
Investors should monitor the execution of the slurry pipeline and global acquisitions as they are key to long-term margin improvement and geographic diversification. The capacity expansion at Konsari is a positive sign of forward integration and volume growth.
Lloyds Metals Approves Global Acquisitions, Pellet Plant Expansion, and ₹252 Cr New Subsidiary
Lloyds Metals and Energy Limited (LLOYDSME) has announced a major strategic expansion, including increasing its pellet plant capacity from 8 MTPA to 10 MTPA through debottlenecking. The company is expanding internationally with a $5 million acquisition in Singapore and a $2 million investment in South Africa to establish mining and service hubs. Domestically, it approved a ₹252 crore outlay for a new skilling subsidiary and the development of a second slurry pipeline to optimize iron ore logistics. Additionally, the board approved the allotment of 8,05,500 equity shares at ₹740 per share following the conversion of warrants by non-promoters.
Key Highlights
Pellet plant capacity at Konsari to be increased from 4 MTPA to 5 MTPA for each of the two plants (10 MTPA total).
Acquisition of 95% stake in Lloyds Asia Resources (Singapore) for $5 million and 100% of TP Phoenix (South Africa) for $1 million.
Approved a ₹252 crore capital outlay for a new wholly-owned subsidiary focused on skilling and employment in Maharashtra.
Allotment of 8,05,500 equity shares at a premium of ₹739 per share upon conversion of warrants.
Approval for a second slurry pipeline project from Hedri to Maharashtra Port to reduce iron ore transportation costs.
💼 Action for Investors
Investors should view these multi-pronged expansion and logistics optimization efforts as strong long-term growth drivers. Monitor the progress of the international mining ventures and the impact of the slurry pipeline on operational margins.
Lloyds Metals Approves 2nd Slurry Pipeline, Global Acquisitions, and 10 MTPA Pellet Capacity Hike
Lloyds Metals and Energy Limited has announced a comprehensive expansion strategy, including the approval of a second slurry pipeline from Hedri to Maharashtra Port to optimize iron ore logistics. The company is increasing its total pellet plant capacity at Konsari from 8 MTPA to 10 MTPA through debottlenecking and process improvements. Furthermore, the board approved international acquisitions in Singapore (USD 5 million) and South Africa (USD 2 million) to establish global mining and consulting hubs. The company also allotted 8,05,500 equity shares following warrant conversions at Rs. 740 per share and planned a Rs. 252 crore investment in a new skilling subsidiary.
Key Highlights
Approval of Second Slurry Pipeline Project connecting Hedri to Maharashtra Port in two phases.
Pellet Plant capacity at Konsari increased from 4 MTPA to 5 MTPA each for two plants (10 MTPA total).
Acquisition of 95% stake in Lloyds Asia Resources (Singapore) for up to USD 5 million.
Acquisition of 100% stake in TP Phoenix and Lloyds Global Resources South Africa for USD 1 million each.
Allotment of 8,05,500 equity shares at Rs. 740 per share upon conversion of warrants.
💼 Action for Investors
Investors should look favorably on these aggressive expansion and integration plans which aim to reduce logistics costs and increase output. Monitor the execution timelines for the slurry pipeline and the performance of the new international mining subsidiaries.
Lloyds Metals Announces Global Expansion, ₹252Cr Subsidiary, and Pellet Plant Capacity Hike
Lloyds Metals and Energy Limited has announced a major strategic expansion, including the incorporation of a new subsidiary in Maharashtra with a ₹252 crore capital outlay focused on skilling and regional development. The company is expanding its global footprint by acquiring a 95% stake in a Singapore entity for $5 million and a 100% stake in a South African entity for $1 million to serve as mining investment platforms. Domestically, it is increasing its pellet plant capacity at Konsari from 8 MTPA to 10 MTPA through debottlenecking. Furthermore, the board approved a second slurry pipeline project and the conversion of 8,05,500 warrants into equity shares, raising approximately ₹38.74 crore.
Key Highlights
Approved incorporation of a Maharashtra-based subsidiary with an estimated capital outlay of ₹252 crore.
Acquiring 95% stake in Lloyds Asia Resources (Singapore) for $5M and 100% stake in TP Phoenix (South Africa) for $1M.
Increasing total pellet plant capacity at Konsari from 8 MTPA to 10 MTPA (5 MTPA each for two plants).
Allotted 8,05,500 equity shares at ₹740 per share upon warrant conversion, receiving ₹38.74 crore in balance payments.
Greenlit the Second Slurry Pipeline Project (Hedri to Maharashtra Port) to optimize iron ore logistics and reduce costs.
💼 Action for Investors
Investors should view these multi-pronged expansion plans as a strong indicator of the company's aggressive growth and vertical integration strategy. The focus on global mining assets and domestic logistics infrastructure suggests a long-term plan to secure raw materials and improve operational margins.
Lloyds Metals Approves Global Acquisitions, Capacity Expansion, and New Slurry Pipeline
Lloyds Metals and Energy Limited has announced a major strategic expansion, including increasing its pellet plant capacity at Konsari from 8 MTPA to 10 MTPA. The company is expanding its global footprint by acquiring stakes in entities in Singapore (USD 5 million) and South Africa (USD 2 million) to serve as regional mining hubs. Additionally, the board approved a second slurry pipeline project to optimize iron ore logistics and the incorporation of a new skilling subsidiary with a Rs. 252 crore outlay. The company also completed the allotment of 8,05,500 equity shares following warrant conversions at Rs. 740 per share.
Key Highlights
Increasing Pellet Plant capacity at Konsari from 4 MTPA to 5 MTPA each for two plants (Total 10 MTPA).
Acquiring 95% stake in Singapore's Lloyds Asia Resources and 100% in South Africa's TP Phoenix for a combined USD 7 million.
Approved development of a second slurry pipeline from Hedri to Maharashtra Port to reduce iron ore transport costs.
Allotted 8,05,500 equity shares to non-promoters at Rs. 740 per share, receiving Rs. 38.74 crore in balance subscription funds.
Setting up a wholly owned subsidiary in Maharashtra for skilling and employment with a Rs. 252 crore capital outlay.
💼 Action for Investors
Investors should maintain a positive outlook given the company's aggressive vertical integration and global expansion strategy. The focus on logistics through slurry pipelines and increased pellet capacity is likely to enhance long-term margins and operational efficiency.
Lloyds Metals Q3 Revenue Surges 204% to ₹5,155 Cr; Crosses ₹10,000 Cr 9M Revenue Mark
Lloyds Metals and Energy Limited (LMEL) reported a stellar Q3FY26 with consolidated revenue growing 204% YoY to ₹51,553 million, driven by enhanced iron ore limits and the ramp-up of its pellet plant. The company achieved a major milestone by crossing ₹100 billion in consolidated revenue for the first nine months of FY26. EBITDA margins expanded significantly to 36.01%, supported by the commencement of the slurry pipeline and a higher share of value-added products. A strategic MoU with Tata Steel for iron ore mining and pellet conversion further strengthens the long-term growth outlook.
Key Highlights
Consolidated Q3FY26 revenue grew 204% YoY to ₹51,553 million, with PAT increasing 180% to ₹10,895 million.
Iron ore production volume for Q3FY26 stood at 5.49 million tonnes, exhibiting a growth of 110% YoY.
Pellet plant reached 100% capacity utilization in October 2025, contributing ₹10,289 realization per tonne.
Signed a strategic MoU with Tata Steel for joint iron ore mining and a long-term pellet conversion arrangement.
Management provided FY27 production guidance of 25-26 MnT for iron ore and 6-8 MnT for pellets.
💼 Action for Investors
The company is demonstrating exceptional growth and operational efficiency with strong margin expansion; investors should maintain a positive outlook given the strategic partnership with Tata Steel and aggressive capacity guidance for FY27.
Lloyds Metals Approves Global Acquisitions, 10 MTPA Capacity Expansion, and New Slurry Pipeline
Lloyds Metals and Energy Limited has announced a massive strategic expansion including increasing its total pellet plant capacity from 8 MTPA to 10 MTPA at Konsari. The company is expanding its global footprint by acquiring stakes in Singapore and South Africa for up to USD 7 million to establish international mining and mineral hubs. Domestically, it approved a second slurry pipeline project to optimize iron ore logistics and a Rs. 252 crore investment in a new skilling subsidiary. Furthermore, the company raised Rs. 38.74 crore through the conversion of 8,05,500 warrants at an issue price of Rs. 740 per share.
Key Highlights
Increasing capacity of two Pellet Plants at Konsari from 4 MTPA to 5 MTPA each through debottlenecking.
Acquiring 95% stake in Singapore-based Lloyds Asia Resources for up to USD 5 million for Asian mining investments.
Investing up to USD 2 million for 100% stakes in South African entities to serve as an African mining and consulting hub.
Allotted 8,05,500 equity shares at Rs. 740 per share, realizing Rs. 38.74 crore in cash from warrant conversions.
Approved a second slurry pipeline from Hedri to Maharashtra Port to ensure cost-efficient iron ore delivery to steel hubs.
💼 Action for Investors
Investors should note the company's aggressive move toward vertical integration and global expansion which could significantly improve long-term margins. Monitor the execution of the slurry pipeline and the integration of the new international subsidiaries as key growth drivers.
Lloyds Metals to Expand Pellet Capacity to 10 MTPA and Acquires Global Mining Entities
Lloyds Metals and Energy Limited (LLOYDSME) has announced a significant expansion plan, including increasing its Konsari pellet plant capacity from 8 MTPA to 10 MTPA. The company is expanding its global footprint by acquiring a 95% stake in a Singapore entity for USD 5 million and 100% stakes in two South African entities for USD 2 million to serve as mining hubs. Additionally, the board approved a second slurry pipeline project for cost-efficient iron ore transport and a new skilling subsidiary with a Rs. 252 crore outlay. The company also raised Rs. 38.74 crore through the conversion of 8,05,500 warrants into equity shares.
Key Highlights
Pellet plant capacity at Konsari increased from 4 MTPA to 5 MTPA per plant, totaling 10 MTPA.
Acquisition of 95% stake in Lloyds Asia Resources (Singapore) for up to USD 5 million for regional mining investments.
Acquisition of 100% stake in TP Phoenix (South Africa) and formation of a new consulting arm for USD 1 million each.
Approval for a second slurry pipeline from Hedri to Maharashtra Port to enhance logistics and margins.
Allotment of 8,05,500 equity shares at Rs. 740 per share, completing a fundraise of Rs. 38.74 crore in the final tranche.
💼 Action for Investors
Investors should monitor the execution of the capacity debottlenecking and the integration of the new international subsidiaries. The focus on cost-efficient logistics via the slurry pipeline is a long-term positive for margins.
Thriveni Earthmovers Discloses Share Encumbrance in Lloyds Metals and Energy
Thriveni Earthmovers Private Limited, a promoter group entity of Lloyds Metals and Energy Limited, has submitted a disclosure under Regulation 31(1) and 31(2) of the SEBI (SAST) Regulations. This regulation specifically pertains to the creation, release, or invocation of encumbrances (pledges) on shares held by promoters. Such disclosures are mandatory for maintaining transparency regarding the financial commitments and leverage of the promoter group. Investors should monitor these filings to assess if there is any significant change in the percentage of promoter shares pledged as collateral.
Key Highlights
Disclosure filed under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The filing involves Thriveni Earthmovers Private Limited, a key stakeholder/promoter entity.
Relates to the reporting of encumbered shares (pledging or release of shares) in Lloyds Metals and Energy Limited.
Ensures regulatory compliance and provides transparency to the public market regarding promoter-level shareholding changes.
💼 Action for Investors
Investors should review the detailed filing to determine the exact percentage of shares pledged or released by the promoter. A high level of promoter pledging can be a risk factor, but routine filings are often part of standard financial management.
Lloyds Metals Clarifies USD 90.8M Nexus Holdco Deal Structure
Lloyds Metals and Energy Limited has provided a clarification regarding its subsidiary's acquisition of a 50% stake in Nexus Holdco FZCO. The total transaction value remains USD 90.8 million, but the company has now specified the breakdown of these funds. USD 53.6 million is designated for the purchase of shares as an equity investment, while the remaining USD 37.2 million will be a loan infusion into the operating company. This clarification provides better transparency on the capital allocation for this international expansion.
Key Highlights
Clarified total agreement size of USD 90.8 million for Nexus Holdco FZCO acquisition
USD 53.6 million allocated for direct equity investment in shares
USD 37.2 million balance to be infused as a loan into the operating company
Transaction being executed through wholly-owned subsidiary Lloyds Global Resources FZCO
💼 Action for Investors
Investors should note the specific capital structure of this deal, as the loan component implies a different risk-return profile than pure equity. Monitor the impact of this USD 90.8 million investment on the company's consolidated balance sheet and future cash flows.
Lloyds Metals Increases Stake in Hexa Energy W2 to 29.23% for ₹4.16 Crore
Lloyds Metals and Energy Limited has increased its equity stake in Hexa Energy W2 Private Limited by subscribing to an additional 5,19,750 shares. This specific tranche represents a 12.12% stake and was acquired for a total consideration of ₹4.16 crore. Following this transaction, the company's total holding in Hexa Energy W2 has risen to 29.23%, consisting of 10,39,500 shares. This move follows through on strategic agreements made in mid-2025 to acquire at least a 26% stake in the entity.
Key Highlights
Subscribed to 5,19,750 equity shares of Hexa Energy W2 Private Limited on January 21, 2026
Investment amount for the current tranche totals ₹4,15,80,000
Total shareholding in Hexa Energy W2 increased from previous levels to 29.23%
The acquisition exceeds the initial commitment of 26% stake outlined in May 2025 agreements
Total shares held in the target company now stand at 10,39,500 equity shares
💼 Action for Investors
Investors should view this as a strategic consolidation of the company's energy-related interests. Monitor how this increased stake in Hexa Energy W2 contributes to the company's operational efficiency or energy security.
Lloyds Metals Subsidiary to Acquire 50% Stake in Nexus Holdco for USD 90.8 Million
Lloyds Metals and Energy's wholly-owned subsidiary, Lloyds Global Resources FZCO, has executed an agreement to acquire a 50% equity stake in Nexus Holdco FZCO for USD 90.8 million. Nexus Holdco holds a dominant 80-90% interest in Surya Mines SARL and eight other companies in the Democratic Republic of the Congo. These entities collectively possess various copper mining concessions and an operational copper processing plant. This acquisition represents a significant strategic entry into the international copper mining and processing market.
Key Highlights
Acquisition of 50% equity stake in Nexus Holdco FZCO for a total consideration of USD 90.8 million
Target entity controls 80-90% of Surya Mines SARL and 8 other DRC-based mining firms
Assets include multiple copper mining concessions and a dedicated copper processing plant in DR Congo
LGRF secures strategic rights including board representation and first right to share subscription
Transaction executed at arm's length to diversify the company's mineral portfolio internationally
💼 Action for Investors
Investors should monitor the company's transition into the copper sector and the operational ramp-up in the DRC. The stock may see positive momentum due to this high-value strategic expansion into a critical industrial metal.
Lloyds Metals 9MFY26: Iron Ore Output Jumps 50% YoY to 12.9 Mn Tonnes
Lloyds Metals and Energy reported a robust operational performance for 9MFY26, with iron ore production reaching 12.9 million tonnes, a 50% increase YoY and already exceeding the total volume of FY25. The company successfully commissioned a 4 MTPA pellet plant, achieving over 95% capacity utilization with 1.95 million tonnes produced in the period. DRI production grew 22% YoY to 291,099 tonnes, aided by a new 360 KTPA facility commissioned in Q2 FY26. The commissioning of the 85 km slurry pipeline significantly improved evacuation efficiency, contributing to a 110% YoY surge in Q3 iron ore volumes.
Key Highlights
Iron ore production for 9MFY26 reached 12.9 Mn Tonnes, surpassing the entire FY25 annual production.
Q3 FY26 iron ore volumes surged 110% YoY to 5.5 Mn Tonnes following slurry pipeline commissioning.
Newly commissioned 4 MTPA pellet plant achieved over 95% annualized capacity utilization.
DRI production increased 22% YoY to 291,099 tonnes following the Q2 FY26 capacity expansion.
Mined 4.5 Mn Tonnes of BHQ, which will be processed once beneficiation plants are commissioned.
💼 Action for Investors
Investors should view this as a strong growth signal as the company successfully scales its mining and downstream capacities. Monitor the upcoming commissioning of beneficiation plants which will allow the company to monetize its large BHQ reserves.