---
title: "Imara Gold (LON: IGLD) secures exclusivity over Zambian exploration licences"
publisher: "Share Talk"
author: "sharetalk"
published: "2025-11-20T15:44:27+00:00"
modified: "2025-11-20T20:15:29+00:00"
date: 2025-11-20
canonical: "https://www.share-talk.com/imara-gold-lon-igld-secures-exclusivity-over-zambian-exploration-licences/"
category: "Mining"
categories: ["Mining"]
tags: ["Caracal Gold PLC", "GCAT", "IGLD", "Imara Gold plc", "Jason Brewer", "Kilimapesa Gold Limited", "Marula Mining plc", "Nairobi", "Neo Energy Metals", "Unicorn Mineral Resources"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/11/Imara-Gold-plc.webp?fit=486%2C374&quality=80&ssl=1"
format: "news"
language: "en-GB"
---

# Imara Gold (LON: IGLD) secures exclusivity over Zambian exploration licences

**Published:** November 20, 2025
**Author:** sharetalk
**Categories:** Mining
**Tags:** Caracal Gold PLC, GCAT, IGLD, Imara Gold plc, Jason Brewer, Kilimapesa Gold Limited, Marula Mining plc, Nairobi, Neo Energy Metals, Unicorn Mineral Resources
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/11/Imara-Gold-plc.webp?fit=486%2C374&quality=80&ssl=1)

---

[Imara Gold Plc](https://www.investegate.co.uk/announcement/rns/caracal-gold--gcat/exclusivity-agreement-with-volts-velocity-llc-fz/9247424) has entered into an exclusivity agreement with **Volts Velocity LLC FZ (VVL)** covering majority interests in four exploration licences in **Zambia**, spanning approximately **253km²**.

The agreement, which runs until **28 February 2026**, grants Imara Gold the exclusive right to carry out due diligence and negotiate either the acquisition of **80% of VVL’s rights** in the licences or the formation of a **joint venture**.

As consideration for the exclusivity period, Imara will issue **£50,000 worth of ordinary shares at 0.3 pence each** to VVL. Following this and other recent share issuances, the company said its total number of ordinary shares with voting rights will rise to **2,663,245,258**.

The move marks a strategic step for Imara Gold as it evaluates its options to expand its exploration footprint in Zambia through a potential majority acquisition or partnership structure.

While Zambia is best known for its copper industry, its gold sector is gaining momentum and emerging as a vibrant and increasingly important contributor to the national economy. Gold production has been rising steadily, supported by strong global prices, favourable government policies and a clear commitment to responsible mining. The country’s rich and diverse geology continues to attract significant international investment, reinforcing its potential for long-term growth and diversification.

Against this backdrop, Imara Gold believes Zambia offers a compelling opportunity to establish a meaningful foothold in a rapidly developing gold market. The Board sees the exclusivity agreement as a key strategic step in building the Company’s presence and positioning Imara Gold as a leading East African gold-focused mining and exploration company.

Further updates will be provided as matters progress.

* * ENDS * *

For further information visit [www.caracalgold.com](http://www.caracalgold.com/) or contact the following:

|   |   |
| --- | --- |
| Imara Gold plc Jason Brewer Shareholder Enquiries |   [jason@imaragoldplc.com](mailto:jason@imaragoldplc.com) [info@imaragoldplc.com](mailto:info@imaragoldplc.com) |

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