Caledonia Mining Corporation Plc: Transaction to sell solar plant
Caledonia Mining Corporation Plc Common Shares (CMCL)
NASDAQ:AMEX Investor Relations:
caledoniamining.com
Company Research
Source: GlobeNewswire
ST HELIER, Jersey, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) (“Caledonia” or “the Company”) is pleased to announce that it has signed a conditional sale agreement for the entire issued share capital of its Zimbabwe subsidiary, Caledonia Mining Services (Private) Limited (“CMS”), which owns and operates the 12.2MWac solar plant that supplies power to Blanket Mine. CMS is to be sold to CrossBoundary Energy Holdings (“CBE”) for $22.35 million, payable in cash, and the power generation of the solar plant will continue to be sold to Blanket Mine by way of a power purchase agreement. Highlights Upon completion of the sale, Caledonia will realise a profit on the $14.3 million construction cost by selling the plant for $22.35 million.Completion of the sale will return capital to Caledonia at a key moment in the Company’s growth trajectory.Caledonia will retain the exclusive energy off take, ensuring approximately a fift
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News
- Caledonia Mining Corporation Plc: Notifications of relevant change to significant shareholder [Canadian Business Journal (Canada)]Canadian Business Journal
- Caledonia Mining Corporation Plc: Notifications of relevant change to significant shareholderGlobeNewswire
- Caledonia Mining Corporation Plc: Notification of relevant change to significant shareholderGlobeNewswire
- Caledonia Mining Reports Revenue Growth Amid Rising Costs [Yahoo! Finance]Yahoo! Finance
- Caledonia Mining Corporation Plc: Notification of relevant change to significant shareholderGlobeNewswire
CMCL
Sec Filings
- 11/21/24 - Form 6-K
- 11/20/24 - Form 6-K
- 11/13/24 - Form 6-K
- CMCL's page on the SEC website