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Europa Metals Ltd. has agreed heads of terms to acquire Marula Africa Mining Holdings, gaining control of producing and near-producing assets including the Blesberg lithium and tantalum mine in South Africa, the Kilifi manganese processing plant in Kenya, and the Kinusi copper mine in Tanzania. The deal is structured as a reverse takeover under AIM rules.
“The transaction would be classed as a reverse takeover under London's AIM rules, meaning Europa's shares will remain suspended until the deal is completed and the company is readmitted to trading.”africanminingmarket.com
Summarized from public sources; check the original articles before acting on it.