SolGold plc

Canaccord Genuity Acts as Corporate Broker to SolGold plc on its Acquisition by Jiangxi

Canaccord Genuity is pleased to announce that it has acted as corporate broker to SolGold plc (“SolGold”) on its recommended cash acquisition by Jiangxi Copper (Hong Kong) Investment Company Limited (“Jiangxi”), by way of a court sanctioned scheme of arrangement (the “Acquisition”).

The Acquisition became effective on 4 March 2026 with the cash consideration of 28 pence per SolGold share valuing SolGold’s entire issued share capital at £867 million. Jiangxi increased its offer for SolGold twice from previous indicative offers at 24 pence and 26 pence.

The Acquisition, unanimously recommended by the board of SolGold, represents a premium of approximately 43 per cent. to the closing price on the last business day prior to Jiangxi’s first approach to SolGold, and 136 per cent. to the volume weighted average price over the 12-month period up to the day prior to the commencement of the offer period.

SolGold’s flagship asset, the 100% owned Cascabel Project (the “Project”), is located in the Ecuadorian Andean copper belt. The Project is recognized as a world-class, tier one asset. A pre-feasibility study commissioned in 2024 reported a $5.4bn pre-tax NPV8% and an initial 28-year mine plan of 540Mt containing 3.2Mt Cu @ 0.60%, 9.4Moz Au @ 0.54 g/t and 28Moz Ag @ 1.62 g/t based on an updated mineral reserve estimate.