Unicorn Mineral Resources to acquire 75% stake in QGC Namibia
Unicorn Mineral Resources signed a share purchase agreement to acquire a 75% stake in Q Global Copper Namibia, holder of two exclusive prospecting licences in the Kalahari Copperbelt. The project area includes 5.5 million tonnes of historical surface tailings and approximately 100,000 tonnes of high-grade slimes. Initial consideration totals $368,637 (R6m).
Why it matters: This matters for the critical minerals theme because the Kalahari Copperbelt has drawn significant attention from international mining companies.