AMG Advanced Metallurgical Group N.V. Announces Finalization of 25% Shareholding in Zinnwald Lithium Plc

AMG Critical Materials NV

23/03/2023 13:48

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Amsterdam, 23 March 2023 (Regulated Information) --- AMG Advanced
Metallurgical Group N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”) is pleased
to announce that Zinnwald Lithium Plc ("Zinnwald”) (ZNWD, AIM) will issue
118,996,738 newly issued ordinary shares to AMG for a total subscription
amount of £12,387,560.40 resulting in a 25.13% shareholding.

This press release contains inside information within the meaning of Article
7(1) of the EU Market Abuse Regulation.

This press release contains regulated information as defined in the Dutch
Financial Markets Supervision Act (Wet op het financieel toezicht).

About Zinnwald

Zinnwald is an AIM quoted, lithium development company focused on becoming an
important supplier to Europe’s fast-growing battery sector. The Company owns
the integrated Zinnwald Lithium Project in Germany, a development-stage
project with attractive economics and approved mining licence. A PEA published
in September 2022, highlighted the positive economics of the Project with a
Pre-tax NPV8 of US$1,605m, IRR of 39.0%, $192m EBITDA and a payback of just
3.3 years. The Project is located in the heart of Europe’s chemical and
automotive industries and has the potential to be one of Europe’s more
advanced battery grade lithium projects.

About AMG

AMG's mission is to provide critical materials and related process
technologies to advance a less carbon-intensive world. To this end, AMG is
focused on the production and development of energy storage materials such as
lithium, vanadium, and tantalum. In addition, AMG's products include highly
engineered systems to reduce CO(2) in aerospace engines, as well as critical
materials addressing CO(2) reduction in a variety of other end use markets.

AMG Clean Energy Materials segment combines AMG’s recycling and mining
operations, producing materials for infrastructure and energy storage
solutions while reducing the CO(2) footprint of both suppliers and customers.
AMG Clean Energy Materials segment spans the vanadium, lithium, and tantalum
value chains. AMG Critical Materials Technologies segment combines AMG’s
leading vacuum furnace technology line with high-purity materials serving
global leaders in the aerospace sector. AMG Critical Minerals segment consists
of AMG’s mineral processing operations in antimony, graphite, and silicon
metal.

With approximately 3,400 employees, AMG operates globally with production
facilities in Germany, the United Kingdom, France, the United States, China,
Mexico, Brazil, India, Sri Lanka, and Mozambique, and has sales and customer
service offices in Japan (www.amg-nv.com).

For further information, please contact:
AMG Advanced Metallurgical Group N.V.        +1 610 975 4979
Michele Fischer
mfischer@amg-nv.com

Disclaimer

Certain statements in this press release are not historical facts and are
“forward looking.” Forward looking statements include statements
concerning AMG’s plans, expectations, projections, objectives, targets,
goals, strategies, future events, future revenues or performance, capital
expenditures, financing needs, plans and intentions relating to acquisitions,
AMG’s competitive strengths and weaknesses, plans or goals relating to
forecasted production, reserves, financial position and future operations and
development, AMG’s business strategy and the trends AMG anticipates in the
industries and the political and legal environment in which it operates and
other information that is not historical information. When used in this press
release, the words “expects,” “believes,” “anticipates,”
“plans,” “may,” “will,” “should,” and similar expressions, and
the negatives thereof, are intended to identify forward looking statements. By
their very nature, forward-looking statements involve inherent risks and
uncertainties, both general and specific, and risks exist that the
predictions, forecasts, projections and other forward-looking statements will
not be achieved. These forward-looking statements speak only as of the date of
this press release. AMG expressly disclaims any obligation or undertaking to
release publicly any updates or revisions to any forward-looking statement
contained herein to reflect any change in AMG's expectations with regard
thereto or any change in events, conditions, or circumstances on which any
forward-looking statement is based.


Attachment
*     Shareholding in Zinnwald
(https://ml-eu.globenewswire.com/Resource/Download/22333d4d-4007-4d07-a6a5-97d34833d943)