REG - Sovereign Metals Ltd - Kasiya Unaffected by Malawi Minerals Export Order

Sovereign MetalsAnnouncement

27/10/2025 14:00

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RNS Number : 9794E  Sovereign Metals Limited  27 October 2025

 

NEWS RELEASE I 27 OCTOBER 2025

 

Kasiya Unaffected by Malawi Raw Minerals Export Order

 

Sovereign Metals Limited (ASX:SVM; AIM:SVML; OTCQX:SVMLF) (Sovereign or the
Company) acknowledges the recent Executive Order by His Excellency President
Peter Mutharika, the newly elected President of Malawi, regarding the
prohibition of the export of raw minerals from the country.

This prohibition does not apply to the Company or the Kasiya Rutile-Graphite
Project (Kasiya or Project) as the ban only relates to minerals that have not
been processed, refined, or value-added in Malawi.

With regards to its future planned Kasiya operations, Sovereign has no plans
to export run-of-mine Heavy Mineral Sands as defined in the Executive Order.
All future mineralisation will be extracted and beneficiated in country to a
final premium quality rutile (+95% TiO(2)) product.  The high-quality Kasiya
rutile product is planned to be a direct feedstock for titanium sponge
production for high-end titanium metal products, including aerospace and
defence applications. Similarly, Sovereign intends to process the run-of-mine
Graphite as defined in the Executive Order in-country to produce a
high-quality graphite product (96% C) suitable for major industry end markets
including battery producers and refractory manufacturers.

The Company continues to work with the Government of Malawi and the Malawi
Mines Department for the ongoing development of the Kasiya Project.

 

 Enquiries
 Frank Eagar, Managing Director & CEO

 South Africa / Malawi

 +27 21 140 3190

 Sapan Ghai, CCO

 London

 +44 207 478 3900

 

 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

 

Competent Person Statement

The information in this announcement that relates to Optimised Pre-Feasibility
Study (including Metallurgy (rutile and graphite), Production Targets, Ore
Reserves, Processing, Infrastructure and Capital and Operating Costs is
extracted from an announcement dated 22 January 2025, which is available to
view at www.sovereignmetals.com.au. Sovereign confirms that: a) it is not
aware of any new information or data that materially affects the information
included in the original announcement; b) all material assumptions included in
the original announcement continue to apply and have not materially changed;
and c) the form and context in which the relevant Competent Persons' findings
are presented in this announcement have not been materially modified from the
original announcement.

Forward Looking Statement

This release may include forward-looking statements, which may be identified
by words such as "expects", "anticipates", "believes", "projects", "plans",
and similar expressions. These forward-looking statements are based on
Sovereign's expectations and beliefs concerning future events. Forward looking
statements are necessarily subject to risks, uncertainties and other factors,
many of which are outside the control of Sovereign, which could cause actual
results to differ materially from such statements. There can be no assurance
that forward-looking statements will prove to be correct. Sovereign makes no
undertaking to subsequently update or revise the forward-looking statements
made in this release, to reflect the circumstances or events after the date of
that release.

 

The information contained within this announcement is deemed by Sovereign to
constitute inside information as stipulated under the Regulation 2014/596/EU
which is part of domestic law pursuant to the Market Abuse (Amendment) (EU
Exit) Regulations (SI 2019/310) ("UK MAR"). By the publication of this
announcement via a Regulatory Information Service, this inside information (as
defined in UK MAR) is now considered to be in the public domain.

 

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