REG - Ajax Resources PLC - Company Update

Ajax ResourcesAnnouncement

30/03/2023 07:00

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RNS Number : 7009U  Ajax Resources PLC  30 March 2023

March 30, 2023

AJAX RESOURCES PLC

("Ajax" or the "Company")

Company Update

Ajax [LSE: AJAX], the UK listed special purpose acquisition company with a
focus on natural resources, is pleased to provide an update on its target
identification for opportunities with significant natural resource
exploration, development, and production potential.

The Company is currently evaluating a selection of acquisition opportunities,
ranging from early exploration to near-term production, located in Canada,
USA, Zambia, Namibia, and Botswana. These assessments remain strictly at the
review stage.

Ajax intends to build a well-balanced portfolio of production and exploration
assets targeting critical metals and certain key resources required for the
ongoing transition to a low-carbon economy. These include, without limitation,
Copper, Nickel, Cobalt, Gold, Tin, Lithium, and Rare Earth Elements.

Following recent progress, the Company has decided to incorporate two
subsidiaries, respectively in the USA and in Canada, to pursue future
potential acquisition opportunities in these jurisdictions.

Ippolito Ingo Cattaneo, Chief Executive Officer of Ajax, commented:

"Over recent months we have achieved considerable progress in reviewing a
selection of highly prospective natural resource production and development
opportunities in relatively low-risk operating environments.

In view of the ongoing energy transition, we wish to position Ajax as a
forward-looking business with a results-driven commercial vision aimed towards
the production of globally significant critical metals and natural resources.

Our strategy has the objective of creating shareholder value by developing a
portfolio of assets that can generate revenue within 12-18 months of
acquisition, as well as holding exploration opportunities with long-term
mineral potential."

 

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Further Information:

 Ajax Resources Plc                            Tel: + 44 (0) 208 146 6345

 Ippolito Cattaneo, Chief Executive Officer    info@ajaxresources.com (mailto:info@ajaxresources.com)
 Clear Capital Markets (Corporate Broker)      Tel:  +44 (0)20 3869 6080

 Jonathan Critchley/ Keith Swann               keithswann@clear-cm.co.uk (mailto:keithswann@clear-cm.co.uk)
                                               ; jonathancritchley@clear-cm.co.uk (mailto:jonathancritchley@clear-cm.co.uk)
 Allenby Capital Limited (Financial Adviser)   Tel:  + 44 (0) 203 328 5656

 Nick Harriss                                  n.harriss@allenbycapital.com (mailto:n.harriss@allenbycapital.com)

 

Notes to Editors:

Ajax Resources Plc is a Special Purpose Acquisition Company (SPAC) listed on
the FCA Official List and admitted to trading on the Main Market for listed
securities of the London Stock Exchange under the ticker "AJAX".

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