Johannesburg, 21 May 2025 – Shuka Minerals’ listing continues the momentum from 2024 which saw eight companies list on the JSE underscoring South Africa’s attractiveness as investment destination.

Shuka Minerals, which holds its primary listing on the Alternative Investment Market (AIM) of the London Stock Exchange, is a diversified mining company focused on the development and operation of mineral assets across Africa. The company currently operates the Rukwa coal project in Tanzania and is finalising the purchase of the Kabwe (lead, zinc, silver and vanadium) mine in Zambia. Shuka continues to explore other opportunities across Southern and Eastern Africa.

A total of 66 858 597 ordinary shares with a par value of 0.02 pence each will be listed under the share code SKA. This listing provides South African investors with direct access to Shuka Minerals’ equity and supports the company’s strategy to broaden its shareholder base across key African markets.

“As a junior mining company looking to grow its operations and portfolio in Southern and Eastern Africa, it made perfect sense to the board of Shuka to offer the opportunity to invest in a growth company such as ours to the South African investor base at an early stage in our development. We would welcome individual and institutional investors to our shareholder register and hope they enjoy and benefit from the journey with us. The demand for critical minerals is only going to increase and the opportunity to invest in this should not exclude South African investors," said Richard Lloyd, CEO of Shuka Minerals.

Last year, the JSE expanded its fast-track universe allowing secondary listings for companies primarily listed on 14 international exchanges including the London Stock Exchange, Hong Kong Exchanges and Clearing Ltd and New York Stock Exchange.

The JSE's fast-track listing route offers an expedited approval process, reduced listing fees and minimises the resource requirements typically associated with a pre-listing statement. This forms part of the JSE's ongoing efforts to enhance accessibility and efficiency for international companies.

“We are delighted to welcome Shuka Minerals to the JSE’s Altx Board. This listing represents a meaningful step for both the JSE and Shuka, offering South African investors access to a diversified African mining company through our streamlined fast-track listing process. Today’s listing also reflects the success of our ongoing efforts to create a more enabling regulatory environment and broaden the range of investment opportunities available on the exchange,” said Valdene Reddy, Director: Capital Markets at the JSE.

Shuka Mineral’s listing increases the number of companies listed on the JSE to 278 with a market cap exceeding R21.01 trillion.

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