Lloyds Metals and Energy Limited has incorporated ‘Virtus Lloyds Resources FZCO’ to expand its investment in metals and mining in the United Arab Emirates. The company aims to enter into a strategic partnership with metals and minerals developers from the United States of America (USA).

Feb 19, 2026

Lloyds Global Resources FZCO (LGRF), a wholly owned subsidiary of Lloyds Metals and Energy Limited, has incorporated ‘Virtus Lloyds Resources FZCO’(“Virtus”), a wholly owned subsidiary in the Dubai Multi Commodities Centre Zone on  Feb 17, 2026. Accordingly, Virtus will be a step down subsidiary of Lloyds Metals and Energy Limited.

Virtus will focus on expanding the company’s business of investment in metals and mining in the United Arab Emirates, Dubai, in the Dubai Multi Commodities Centre Zone. The company aims to enter into a strategic partnership with metals and minerals developers from the United States of America (USA). 

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Approximately INR 12.39 lakh (AED 50,000), to be paid by LGRF, the wholly owned subsidiary of the company, towards subscription of 100% equity stake in Virtus.