Shirley Hayes-IPK (Pty) Ltd agreed to acquire in Copper 360 Limited from Shirley Ann Hayes and The Signy Trust for ZAR 1.53 billion in a reverse merger transaction on September 28, 2022. SA Hayes will sell 73.5% stake and Signy Trust will sell 2.5% stake in Copper 360 Limited. In related transaction Element 29 will sell 15% stake in Copper 360 Limited.

Transaction is subject to approval from shareholders of the Company and notarial execution to Shirley Hayes-IPK (Pty) Ltd of the Mining Right in respect of which it applied. As of December 2, 2022 Shirley Hayes-IPK (Pty) Ltd's shareholders approved the transaction.