Download as PDF VICTORIA, BRITISH COLUMBIA — 24 February 2025 — Southstone Minerals Limited (“Southstone”) (TSXV – SML) is pleased to announce that, further to its news release dated 18 February 2025, it has received conditional approval from the TSX Venture Exchange (“TSXV”) for its acquisition of Afrium Energy Pte. Ltd. (“Afrium”), a private Singapore corporation, which is the holder of 100% of two private subsidiaries, Afrium Energy Botswana (Pty) Ltd. and Copper Falcon Botswana (Pty) Ltd., that collectively hold three uranium Prospecting Licenses (the “Licenses”) in the Republic of Botswana (the “Transaction”). Final approval of the Transaction is subject
Read More

Download as PDF VANCOUVER, BRITISH COLUMBIA — 20 February 2025 — Southstone Minerals Limited (“Southstone” or the “Company”) (TSX.V – SML) is pleased to announce that African Star Minerals (Pty) Ltd. (“ASM”), the Company’s 43% owned subsidiary, has entered into a Contract Mining and Diamond Recovery Agreement (the “Agreement”) with Rietput Delwery (Pty) Ltd (“Rietput”) at Oena Diamond Mine (“Oena”), South Africa. Rietput will focus on mining the Sandberg Section of the Oena Mining License, with equipment mobilization initiated in early February and production scheduled to commence in Q2 2025. Production Overview and Performance Since the acquisition of Oena, the
Read More

Download as PDF VICTORIA, BRITISH COLUMBIA — 18 FEBRUARY 2025 — Southstone Minerals Limited (“Southstone”) (TSXV – SML) is pleased to announce that it has entered into a binding term sheet (the “Term Sheet”) dated 18 February 2025, with Afrium Energy Pte. Ltd. (“Afrium”), pursuant to which Southstone has agreed to acquire all the issued and outstanding securities of Afrium (the “Acquisition”), an arms-length party, (and collectively with the Concurrent Equity Financing as defined below, the “Transactions”). Afrium, a private Singapore corporation, is the holder of 100% of two private subsidiaries, Afrium Energy Botswana (Pty) Ltd. and Copper Falcon Botswana
Read More