On 10 June 2021, Dutwa Minerals Limited converted $830,759, which had been received as an advance against equity, into 1,909,459 ordinary shares.
The company owns 100% of Dutwa Minerals Limited, a licence holding company whose registered office is at 10 Chato Street, Regent Estate, Mikocheni, Dar es Salaam, Tanzania. For the year ending 31 December 2023, the aggregate amount of capital and reserves for Dutwa Minerals Limited was (TZS 69,428,781) and the loss for that year was TZS 139,001,234.
The company indirectly owns 100% of Kernow Limited a dormant licence owning company whose registered office is at 10 Chato Street, Regent Estate, Mikocheni, Dar es Salaam, Tanzania. For the year ending 31 December 2023, the aggregate amount of capital and reserves for Kernow Limited was TZS 2,000.