Lloyds Metals And Energy Limited — JV/Acquisition, 18-02-2026: Acquisition

Lloyds Metals and Energy, through its subsidiary LGRF, has established Virtus Lloyds Resources FZCO in Dubai, a new wholly-owned step-down subsidiary. This strategic move, involving an investment of AED 50,000 for a 100% stake, aims to expand the company's investment and trading business in Metals and Mining within the UAE. Virtus will also serve as a hub to forge strategic partnerships with Metals and Minerals developers from the USA, enhancing Lloyds Metals' global footprint and capabilities in the sector.