Kundan Ventures FZCO, a subsidiary of Kundan Mining & Metals Ltd, acquired a 99% stake in West Africa Exploration & Mining, Mauritania.
The acquisition, executed for 99,000 MRU in cash, expands the company's international presence in the mining sector.
The target company, incorporated in August 2025, reported nil turnover for 2025 and operates in mineral mining.
The transaction is not a related party transaction and was made from an unrelated third party.