Terra Metals and Metalex Commodities Launch Joint Venture to Develop Mwinilunga Copper MineCHARLOTTE, N.C. and LUSAKA, Zambia, June 20, 2025 (GLOBE NEWSWIRE) -- Terra Metals Limited, a Zambian-owned mining company, today announced the formation of a landmark joint venture with U.S.-based Metalex Commodities Inc. to develop and operate the Mwinilunga Copper Mine in Zambia’s North-Western Province. The new entity, Lunda Resources, was formally launched during a signing ceremony held at the U.S. Embassy in Lusaka, witnessed by U.S. Ambassador Michael Gonzales.
Terra Metals Inc. Appoints Lord Dr. Tariq Abbasi to Board of Directors and Mark Donohue as Chief Operating Officer, Signaling Strategic Global ExpansionCHARLOTTE, N.C. and LUSAKA, Zambia , June 16, 2025 (GLOBE NEWSWIRE) -- Terra Metals Inc., a Delaware-registered company focused on critical minerals development, today announced the appointment of Lord Dr. Tariq Abbasi, MBE, DL, FRSA, to its Board of Directors and Mr. Mark Donohue as its new Chief Operating Officer (COO). These senior appointments come as the company prepares to finalize a historic $100 million U.S.–Zambia joint venture, scheduled for signing tomorrow at the American Center in Lusaka.
Terra Metals Inc. and Lunda Resources Confirm 96.5% Copper Recovery and Solar-Powered Green Production at Kalaba ProjectCHARLOTTE, N.C. and LUSAKA, Zambia, June 09, 2025 (GLOBE NEWSWIRE) -- Terra Metals Inc., in partnership with its Zambian subsidiary Lunda Resources Ltd., is proud to announce a major metallurgical breakthrough at the Kalaba Copper Project in Northwestern Zambia. Independent testing conducted by Dr. Yotamu Hara of YCS Sustainable Solutions Ltd. confirms flotation recoveries exceeding 96.5%, with concentrate grades of 26.91% Cu—a remarkable result for oxide-dominant ore.
Terra Metals Inc. and Metalex Commodities Seal $100M Critical Minerals Deal; Lunda Resources to Commission 240 TPH Copper-Cobalt Plant by September 2025CHARLOTTE, N.C. and LUSAKA, Zambia, May 28, 2025 (GLOBE NEWSWIRE) -- Terra Metals Inc., a U.S.-based critical minerals development company, and Metalex Commodities, a global energy and resources investment firm, have concluded final negotiations to establish Lunda Resources, a new copper and cobalt production powerhouse in Zambia. The agreement, which includes a $100 million initial funding commitment, will be signed next month at the U.S. Embassy in Lusaka, underscoring the strategic alignment with U.S. government priorities on critical mineral security.
Mumena Mushinge Appointed to Baushi Royal Foundation, Signaling a New Era of Leadership and Wealth Creation in Luapula ProvinceCHARLOTTE, N.C. and LUSAKA, Zambia, May 18, 2025 (GLOBE NEWSWIRE) -- Terra Metals Inc. is proud to announce the appointment of its Co-Founder and Co-Chairman, Mr. Mumena Mushinge, to the Baushi Royal Foundation (BRF)—a respected heritage organization representing 12 traditional Chiefs and Chiefdoms across Luapula Province, Zambia.
