Lloyds Metals and Energy Completes Acquisition of CHEMAF Group
March 30, 2026 – Lloyds Metals and Energy Ltd. announced the completion of the acquisition of 100% equity stake of CHEMAF Group Limited, comprising Chemaf Resources Limited, Chemaf SA and associated entities, by Virtus Lloyds Minerals Holding (VLMH).VLMH is a joint venture between Lloyds Global Resources FZCO (LGRF), a wholly owned subsidiary of Lloyds Metals and Energy, holding 49% equity, and Virtus Minerals Group, USA, holding 51% equity. The CHEMAF acquisition marks the first major transaction executed under this framework.CHEMAF operates copper and cobalt mining and processing companies in the Democratic Republic of Congo (DRC). The company operates the Etoile...