Settlement Agreement Reached between Rome Resources and Mozambique Government

Rome Resources Plc has settled a claim with the Mozambique government over the expropriation of Mining Concession 4623C, leading to the acquisition of five new exploration licences with a 30 percent interest for the company. This settlement follows a series of sales of claims and strategic negotiations. The company’s future focus remains on exploration assets while navigating the potential commercialization of the new licences received.

On March 20, 2025, Rome Resources Plc, a focused explorer of tin and base metals in the Democratic Republic of Congo, announced the settlement of a claim against the Mozambique government regarding the expropriation of its Mining Concession 4623C back in 2011. This settlement occurs following previous management changes and negotiations concerning the legacy claim transferred from Pathfinder Minerals Plc to Acumen Advisory Group and subsequently to Luangwa Resources LLC.

In conclusion, the settlement between Rome Resources Plc and the Mozambique government leads to the granting of five new exploration licences, offering the company a 30 percent interest without any financial input required. Although the lack of cash compensation may disappoint some shareholders, the company aims to realize potential value through these new licences, with the hope of distributing any proceeds to legacy shareholders in the future. The focus remains on maximizing benefits from the new licences while continuing exploration efforts elsewhere.

Original Source: www.sharesmagazine.co.uk