05:43 AM EST, 11/10/2026 (MT Newswires) -- Zanaga Iron Ore Co. (ZIOC.L) plans to engage a financial adviser to review funding options for its Zanaga iron ore project in the Republic of Congo after determining that Red Arc Minerals will not be able to conclude its investment by Nov. 30. The iron ore developer said Tuesday that its discussions with Red Arc Minerals are ongoing, with several matters still requiring agreement. Zanaga noted that Red Arc Minerals has provided evidence of progress towards securing financing of up to $500 million. The financial adviser would conduct a strategic review of all available options, including the Red Arc Minerals deal.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.