REG - Sovereign Metals Ltd - Issue of Performance Rights

Sovereign MetalsAnnouncement

23/01/2026 07:02

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RNS Number : 1497Q  Sovereign Metals Limited  23 January 2026

 

NEWS RELEASE I 23 January 2026

Issue OF PERFORMANCE RIGHTS

Sovereign Metals Limited (ASX:SVM; AIM:SVML; OTCQX:SVMLF) (Sovereign or the
Company) advises that 13,635,000 unlisted performance rights have been issued
to key staff (non-PDMRs) as part of their incentive remuneration as follows:

·      5,422,500 unlisted performance rights subject to the "Bankable
Definitive Feasibility Study Milestone" expiring on or before 30 June 2026;
and

·      8,212,500 performance rights subject to the "Construction and
Finance Milestone" that have no exercise price and expire 30 June 2028.

Following the issue of these unlisted performance rights, the Company has the
following securities on issue:

·      646,938,703 fully paid ordinary shares (of no par value);

·      4,992,500 unlisted performance rights subject to the "Grant of
Mining Licence Milestone" expiring on or before 31 March 2026 (expected to
lapse unvested);

·      6,190,000 unlisted performance rights subject to the "Final
Investment Decision Milestone" expiring on or before 30 June 2026 (expected to
lapse unvested);

·    5,422,500 unlisted performance rights subject to the "Bankable
Definitive Feasibility Study Milestone" expiring on or before 30 June 2026;
and

·      8,212,500 performance rights subject to the "Construction and
Finance Milestone" that have no exercise price and expire 30 June 2028.

 Enquiries
 Dylan Browne

 Company Secretary

 +61 8 9322 6322

 

                                                

 Nominated Adviser on AIM and Joint Broker
 SP Angel Corporate Finance LLP                +44 20 3470 0470
 Ewan Leggat

 Charlie Bouverat
                                                
 Joint Broker                                   
 Stifel                                        +44 20 7710 7600
 Varun Talwar
 Ashton Clanfield

 

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