Keras Resources approves Okopa name and OKP ticker change

what happened

According to the London Stock Exchange, shareholders of Keras Resources plc approved every resolution at the annual general meeting held on 12 October 2026. The company has completed the acquisition of an initial 51% stake in Cornerstone Mining (Pty) Ltd, marking its shift toward copper exploration, development and production in Namibia.

Cornerstone’s portfolio comprises contiguous licences covering approximately 6,214 hectares in the Kaoko Copper Belt. Keras plans to assess shallow copper oxide mineralisation for a potential early production and cash-flow route, while investigating deeper sulphide resources. The strategy also includes partnerships with local Namibian Mining Claim holders and an option to buy a further 19% of Cornerstone, which would raise its interest to 70%.

From 13 October 2026, the company will be called Okopa plc and its ticker will change from KRS to OKP. Its LEI 213800OZFKFM2N4R4F47, ISIN GB00BMY2T534 and SEDOL BMY2T53 will remain unchanged. After admission of 45,000,000 Second Tranche Shares and 14,000,000 initial consideration shares, total shares with voting rights will reach 260,873,054.

why it matters

For markets, the announcement confirms a strategic move by an AIM-listed company into Namibian copper, combining near-term development plans with longer-dated sulphide exploration. Keras says it is debt free after the fundraising and Keras US LLC disposal, while retaining a US$10 per long ton royalty on qualifying future Diamond Creek production.

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