SolGold Shareholders Back Jiangxi Copper Takeover Ahead of March Court Sanction

Claim 50% Off TipRanks PremiumUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potentialAn announcement from SolGold ( (GB:SOLG) ) is now available. SolGold shareholders have approved a recommended cash acquisition by Jiangxi Copper’s Hong Kong investment arm, with the scheme of arrangement winning the required majority at both the Court Meeting and the General Meeting. The approval clears key conditions for the deal, paving the way for court sanction in early March, after which SolGold’s shares are expected to be suspended and then delisted from the London Stock Exchange, giving investors cash exit while folding the explorer into a larger state‑backed copper group. The court hearing to sanction the scheme is scheduled for 2 March 2026, with the transaction expected to become effective on 4 March and the LSE listing cancelled by 5 March, subject to remaining conditions. The timetable indicates a swift transition of ownership and settlement of cash consideration by 18 March, marking a significant consolidation move in the copper sector as Jiangxi Copper expands its international resource base and SolGold transitions from an independent listed explorer to part of a major producer’s portfolio. The most recent analyst rating on (GB:SOLG) stock is a Hold with a £29.00 price target. To see the full list of analyst forecasts on SolGold stock, see the GB:SOLG Stock Forecast page. Spark’s Take on GB:SOLG Stock According to Spark, TipRanks’ AI Analyst, GB:SOLG is a Neutral. The score is held back primarily by weak financial performance (no revenue, sizable losses, and equity erosion with meaningful leverage), partially offset by a constructive technical trend and positive corporate catalysts (revised takeover offer and supportive project developments). Valuation remains challenged due to loss-making earnings and no dividend support. To see Spark’s full report on GB:SOLG stock, click here. More about SolGold SolGold is a mineral exploration and development company focused on copper and gold projects, primarily in Ecuador. The company is listed on the London Stock Exchange and has attracted interest from major industry players seeking to secure long‑life copper resources critical to the global energy transition. YTD Price Performance: 1.09% Average Trading Volume: 23,404,030 Technical Sentiment Signal: Buy Current Market Cap: £837.8M See more insights into SOLG stock on TipRanks’ Stock Analysis page.