Brokerage shift comes as the company advances a $90 million sale of South African assets and ramps up its copper expansion in Zambia.
Diversified metals producer Jubilee Metals Group has announced the appointment of Shard Capital Partners as joint broker, effective immediately. The move replaces RBC Capital Markets and re-establishes a longstanding relationship between Jubilee and Shard Capital.
Going forward, Shard Capital will work alongside Zeus Capital to support Jubilee’s capital markets strategy, investor engagement, and fundraising activities. The company says this change is aligned with its evolving focus on copper development in Zambia, and comes at a pivotal time in Jubilee’s transformation strategy.
Strategic Shift: From South Africa to Zambia
The appointment comes as Jubilee executes a major strategic pivot. On June 5, the company accepted a conditional binding offer from a private mining and metals trading firm to acquire its South African chrome and platinum group metal (PGM) operations for up to $90 million.
The transaction includes a cash upfront component, followed by deferred payments over a three-year period. According to Jubilee, the deal is a key part of its plan to refocus operations on Zambia’s copper-rich assets, where it sees significant long-term growth potential.
“The appointment of Shard Capital supports our evolving capital markets strategy as we transition our portfolio to focus on high-growth copper assets in Zambia,” Jubilee said in a statement.
The company and the unnamed buyer are currently finalizing the sale agreements, with a detailed transaction circular expected in the last week of July.
Zambia in Focus
Jubilee’s copper projects in Zambia have gained increasing prominence within its portfolio, as global demand for the red metal continues to rise amid the global energy transition. The company’s existing operations in Zambia offer scalable growth opportunities, driven by surging market interest in battery metals and green infrastructure inputs.
By shedding its South African chrome and PGM assets, Jubilee aims to consolidate capital and operational focus in Zambia, positioning itself to become a leading copper producer in Southern Africa.
