On March 20, 2025, Rome Resources Plc announced a settlement with the Mozambique government regarding the expropriation of mining concession 4623C. The agreement results in five new exploration licences, providing Rome with a 30 percent carried interest, while also addressing legacy shareholder concerns.
Rome Resources Plc has announced a settlement agreement with IM Minerals Limited and the Mozambique government concerning its legacy claim regarding the expropriation of mining concession 4623C from 2011. The company, previously known as Pathfinder Minerals Plc, will receive a 30 percent carried interest in five new research and exploration licences to be granted to a Mozambican company, representing a significant area of land equivalent to approximately 59,733 hectares.
In summary, Rome Resources Plc has successfully settled its claim against the Mozambique government, resulting in new exploration licences that provide the company with potential financial benefit. Despite the non-cash nature of the settlement, the company’s leadership is optimistic about the prospects for future monetization and is committed to maximizing value for shareholders.
Original Source: www.sharesmagazine.co.uk
