Lunsar/Freetown, Sierra Leone – 20 April, 2025 – Marampa Mines Limited (MML/the Company), Sierra Leone’s, leading iron ore operation based in Marampa chiefdom in  Port Loko District Sierra Leone, is aware of false and malicious rumours circulating  on social media alleging that a majority stake in MML has been sold to new investors.

The Company confirms that these claims are categorically untrue. No shares in Marampa Mines Limited have been or will be sold or transferred, and the company’s  ownership remains the same : 90% owned by Gerald Group and 10% by the Government of Sierra Leone.

As a matter of media policy, Gerald Group and MML do not engage with speculation or misinformation. However, given that these rumours appear designed to undermine confidence and disrupt the morale of our committed workforce, we consider it necessary to set the record straight.

We urge the public, our employees, and partners to disregard these false reports and rely only on official communications issued by Marampa Mines Limited, at all times.

About Marampa Mines
Marampa Mines Limited (MML) is a leading iron ore mining company in Sierra Leone, owned 90% by Gerald Group and 10% by the Government of Sierra Leone. The company operates one of the most significant high-grade iron ore projects in West Africa, with a strong commitment to sustainable mining practices, community development, and environmental responsibility. Through continuous investment in state-of-the-art technology and a focus on long-term growth, Marampa Mines aims to set new standards for the global mining industry. www.marampamines.com

For more information, please contact:
Marampa Mines Media Relations
Email: media@marampamines.com
Website: www.marampamines.com