You are here: Home » 2025 » September » Archives for 21st

Senator Ted Cruz Officiates USTDA Grant Signing with Terra Metals Inc. and Metalex Commodities for Zambia’s Kazozo Copper–Cobalt Project

WASHINGTON and LUSAKA, Zambia, Sept. 21, 2025 (GLOBE NEWSWIRE) — Terra Metals Inc. (Delaware, USA) and its joint venture partner Metalex Commodities (Texas, USA) today announced that their JV company, Lunda Resources, has secured a U.S. Trade and Development Agency (USTDA) grant to finance the feasibility study for the Kazozo Mine (formerly Kalaba Mine) and adjacent large–scale exploration licenses in Northwestern Zambia.

The signing ceremony, held at the Russell Senate Office Building, was officiated by Senator Ted Cruz on behalf of the U.S. Government, alongside USTDA Director Thomas Hardy and representatives of the Zambian Embassy in Washington, D.C.

This milestone aligns with the Trump Administration’s “Trade, not Aid” policy and the United States’ Critical Minerals Strategy, ensuring that Zambia’s copper and cobalt will not only contribute to job creation and GDP growth in both nations but also revive U.S. refineries with the much–needed supply of critical minerals for the global energy transition.

“This achievement is the result of years of endurance, resilience, and unwavering belief in the potential of Northwestern Zambia’s copper and cobalt resources,” said Mumena Mushinge, Chairman of Terra Metals Inc. “We are deeply grateful to Senior Chief Sailunga and Chief Ntambu, whose steadfast support and partnership have been instrumental in guiding Terra Metals’ journey. Today, with the support of USTDA, we are transforming vision into reality — building a project that will benefit both Zambia and the United States for generations to come.”

“Through Lunda Resources, we are combining U.S. and Zambian expertise to unlock world–class copper and cobalt resources that will power industries, create jobs, and strengthen long– term economic cooperation between our two countries,” added Ayo Sopitan, Chief Executive of Metalex Commodities.

Senator Ted Cruz underscored the importance of U.S. engagement in Africa’s mining sector, stating: “Critical minerals are the foundation of the future economy. The United States cannot afford to fall behind China in Africa. By working with partners like Zambia, we are ensuring secure supply chains, stronger alliances, and shared prosperity.”

About Terra Metals Inc.

Terra Metals Inc., a Delaware–based mining and energy development company, leads critical mineral development initiatives in Zambia through its subsidiaries and joint ventures.
Focused on copper, cobalt, and nickel assets, TMI integrates sustainable mining, energy transition, and community equity into all projects.

About Metalex Commodities

Metalex Commodities, headquartered in Texas, is a diversified commodities and energy firm with a strategic focus on critical minerals. Through Lunda Resources, Metalex is co– developing Zambia’s Kazozo copper–cobalt project in partnership with Terra Metals Inc.

Photos from the signing ceremony featuring Senator Ted Cruz, USTDA Director Thomas Hardy, and representatives of Terra Metals Inc., Metalex, and the Zambian Embassy are available for publication.

**Media Contact:**
Hailey Fase
Investor Relations
[email protected]
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/eecd7355–ecf8–4fc8–afe0–a0d8ecf1db82


GLOBENEWSWIRE (Distribution ID 9532648)

SOC DEADLINE NOTICE: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Sable Offshore Corp. Investors with Losses in Excess of $100K to Secure Counsel Before Important September 26 Deadline in Securities Class Action First Filed by the Firm – SOC

NEW YORK, Sept. 21, 2025 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Sable Offshore Corp. (NYSE: SOC): (1) between May 19, 2025 and June 3, 2025, both dates inclusive (the “Class Period”); and/or (2) pursuant and/or traceable to Sable’s May 21, 2025 secondary public offering (the “SPO”), of the important September 26, 2025 lead plaintiff deadline in the securities class action first filed by the Firm.

SO WHAT: If you purchased Sable securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Sable class action, go to https://rosenlegal.com/submit–form/?case_id=40629 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 26, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) defendants represented that Sable had restarted oil production off the coast of California when it had not; and (2) as a result, defendants statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Sable class action, go to https://rosenlegal.com/submit–form/?case_id=40629 call Phillip Kim, Esq. toll–free at 866–767–3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the–rosen–law–firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686–1060
        Toll Free: (866) 767–3653
        Fax: (212) 202–3827
        [email protected]
        www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 9532229)