REG - Atlas Metals Group - Update on Proposed Acquisition

Atlas MetalsAnnouncement

22/12/2025 07:00

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RNS Number : 3769M  Atlas Metals Group PLC  22 December 2025

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22 December 2025

 

Atlas Metals Group plc

("Atlas Metals" or the "Company")

 

Update on Proposed Acquisition

Atlas Metals (LON: AMG), the natural resources and energy company is pleased
to provide an update  on the Company's proposed acquisition of Universal
Pozzolanic Silica Alumina Ltd ("UPSA") (the "Proposed Acquisition").

Further to the Company's announcement on 28 November 2025, the Company has
recently engaged SLR Consulting Australia Pty Ltd ("SLR"), to conduct a
confirmatory drilling campaign, commencing on Lots 7 and 8 at the Yammacoona
Sand Quarry in New South Wales, Australia, with the intention of proving a
measured resource.  Further drilling on Lot 5 may be initiated based on the
initial results of Lots 7 and 8.  Atlas Metals is expecting SLR to complete
the drilling activity in early 2026 in order to provide an updated Competent
Person's Report ("CPR"), which is expected to include certain JORC resources
being upgraded from the inferred to measured category, prior to the completion
of the Proposed Acquisition.

Whilst the Proposed Acquisition continues to progress in line with the Board's
expectations, UPSA is actively engaging with potential UK off-takers for its
substantial pozzolanic silica alumina ("PSA") sand resource and has signed a
number of letters of interest with scaled construction customers in the UK
which provide indicative off-take volumes and pricing.

The Company will make further updates on the UPSA off-take arrangements when
they are sufficiently advanced.  In addition, UPSA continues to engage with
other potential off-takers, with discussions ongoing in the USA, Africa and
Australia.

UPSA is also seeking to formally register and certify the carbon credits
inherent in the carbon emission savings generated by replacing cement with
UPSA's PSA in concrete production. Product testing programmes are being
initiated in key international markets to facilitate the registration process
for carbon credits.  UPSA intends to pass on such credit accruals to its
customers.

Further announcements on the progress of the Proposed Acquisition will be made
when appropriate.

For further information, please contact:

 Atlas Metals Group plc:
 Christopher Chadwick                     +44 (0) 207 796 9060

 Strand Hanson Limited - Financial Adviser and Sponsor:
 Rory Murphy                 +44 (0) 20 7409 1761
 Abigail Wennington          +44 (0) 20 7409 1761
 Edward Foulkes              +44 (0) 20 7409 1761

 S I Capital Limited - Joint Broker:
 Nick Emerson                +44 (0) 1483 413500

 CMC Markets - Joint Broker
 Douglas Crippen             +44 (0) 20 3003 8632

 IFC Advisory Limited - Financial PR and IR:
 Tim Metcalfe                +44 (0) 20 3934 6632
 Florence Staton             +44 (0) 20 3934 6632

 

Important Notice

Neither the content of the Company's website nor any website accessible by
hyperlinks on the Company's website is incorporated in, or forms part of, this
Announcement.

This Announcement contains statements that are, or may be deemed to be,
"forward-looking statements". These forward-looking statements can be
identified by the use of words such as "will", "expect", "could", "believe",
"intend", "should" and words of similar meaning. All statements other than
statements of historical facts included in this Announcement, including those
regarding the Company's strategy, plans and objectives and the anticipated
Proposed Acquisition are forward-looking statements. These statements are not
fact and readers are cautioned not to place undue reliance on such statements.
Forward-looking statements involve a number of known and unknown risks,
uncertainties and other factors, many of which are difficult to predict and
generally beyond the control of the Company and so may not occur. These
forward-looking statements speak only as of the date of this Announcement.
Atlas Metals expressly disclaims any obligation or undertaking to update or
revise any forward-looking statement (except to the extent legally required).

Strand Hanson Limited ("Strand Hanson"), which is authorised and regulated in
the United Kingdom by the FCA, is acting exclusively for the Company  as
Sponsor and no one else in connection with the Proposed Acquisition and it
will not regard any other person as a client in relation to the Proposed
Acquisition and will not be responsible to anyone other than the Company  for
providing the protections afforded to its clients or for providing advice in
relation to the Proposed Acquisition or any other transaction, matter, or
arrangement referred to in this Announcement.

This Announcement has been issued by, and is the sole responsibility of, the
Company. No representation or warranty, express or implied, is or will be made
as to, or in relation to, and no responsibility or liability is or will be
accepted by Strand Hanson or by any of its affiliates, partners, directors,
officers, employees, advisers or agents as to or in relation to, the accuracy
or completeness of this Announcement or any other written or oral information
made available to or publicly available to any interested party or its
advisers, and any liability therefore is expressly disclaimed.

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