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0.65 0.00 (0.00%)

Bid:

0.60

Ask:

0.70

Spread: 0.10 (16.667%)

Market Cap: £15.99m

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Arc Minerals posts wider full-year loss

Fri, 26th Jun 2026 13:11

(Sharecast News) - Arc Minerals reported a wider full-year loss on Friday as it continued to advance copper exploration assets in Botswana and Zambia.

The AIM-traded company said its loss for 2025 widened to £9.1m from £2.1m, reflecting a £6.7m non-cash loss related to obtaining control of the Handa group, while administrative expenses rose to £2.3m from £1.1m.

Cash at year-end fell to £0.6m from £1.6m.

Arc said it had regained full control of the Kabompo West project in Zambia after the termination of its joint venture with Anglo American in October, and had strengthened its position after the year-end through a £3m fundraise and the resolution of outstanding Zambian legal matters.

Chairman Nicholas von Schirnding said the company was entering "an exciting period" with exposure to two highly prospective copper belts.

At 1245 BST, shares in Arc Minerals were down 15.82% at 0.6p.

Reporting by Josh White for Sharecast.com.

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