05:42 AM EDT, 07/31/2026 (MT Newswires) -- Zanaga Iron Ore Co. (ZIOC.L) mutually agreed with Red Arc Minerals to extend the period for the private investment company to complete its strategic investment in the Zanaga iron ore project in the Republic of Congo. The iron ore developer said Friday the period was extended to Nov. 30 after Red Arc Minerals provided proof that it is progressing towards securing up to $500 million following a letter of intent from a Western government-backed development financing institution, according to a Friday release.

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