Zanaga Iron Ore Company Limited functions as an investment holding entity primarily involved in the exploration and advancement of iron ore assets. Its principal holding is the Zanaga Iron Ore Project, wholly owned and situated in the southwest region of the Republic of Congo. The company is strategically focused on developing this world-class asset to produce high-grade direct reduced iron (DRI) pellet feed, addressing the increasing global demand for low-carbon steel production. Recent significant developments include securing $21.5 million in a private placement from experienced mining executives in March 2025, with potential to reach $23 million. This funding facilitated the repurchase of Glencore Projects Pty Limited's entire 43% stake in the company, thereby concluding their long-standing relationship, marketing rights, and board representation. The project recently confirmed its capability to yield high-grade DRI iron ore, enhancing its targeted economics with a post-tax net present value uplift to $5.21 billion and an internal rate of return of 26.7%, based on a 30-year mine life. The Zanaga Project holds a 2.1 billion tonne ore reserve within a 6.9 billion tonne mineral resource, boasting a 25-year mining license. The company continues to evaluate strategies for value enhancement, including a pellet plant and optimized infrastructure.