Appointment of Monetary Adviser and Sponsor

Atlas Metals (LON: AMG), the pure sources and power firm, is happy to announce the appointment of Strand Hanson Restricted (“Strand Hanson“) as Monetary Adviser and Sponsor in reference to the proposed acquisition of Common Pozzolanic Silica Alumina Ltd (“UPSA“) (the “Transaction“).

The Transaction constitutes a reverse takeover pursuant to the itemizing guidelines of the Monetary Conduct Authority (“FCA“) and the appointment of Strand Hanson, an unbiased, advisory-led, fashionable service provider financial institution, considered a number one mining advisory staff, additionally helps Atlas Metals on this reverse takeover and transfer from the fairness shares (transition) class to the fairness shares (industrial corporations) class of the Official Listing of the FCA and its re-admission to buying and selling on the primary marketplace for listed securities of London Inventory Trade plc.

Chris Chadwick, Atlas Metals CEO commented:

“The appointment of Strand Hanson underscores the standard and strategic significance of this transaction for Atlas Metals and the broader London market. Additional updates on the progress of the Transaction will be anticipated sooner or later.”

Background on UPSA

UPSA is a non-public firm integrated in England and Wales, shaped in Might 2023, with core groups in each Australia and the UK. UPSA has the rights to a considerable pozzolanic silica alumina sand useful resource (“PSA“) positioned within the Yammacoona Sand Quarry (also referred to as the Warialda Quarry) roughly 12 kilometres south of Warialda, New South Wales, Australia, each as extracted and as off-take, for a interval of 99 years from June 2023, having acquired these rights from Claystone Worldwide Pty Ltd (“Claystone Worldwide“), an Australian proprietary firm owned by Mr William Clift. UPSA intends to market that useful resource worldwide. The preliminary growth utility was granted to Mr William Clift (each he and Claystone Worldwide being shareholders of UPSA) on 15 April 1988, offering consent for extractive business actions on Heaps 5, 6 and seven in DP 264346 of the Yammacoona Sand Quarry. UPSA and Claystone Worldwide will search additional growth consent (underneath the State Important Growth laws) in respect of Heaps 5, 6, 7 and eight to extend manufacturing dramatically from the present 35,000 tonnes annual extraction restrict.

UPSA’s Product

Using pozzolanic volcanic ash as a super-binding additive in concrete-mixing course of has been identified for over two millennia, as evidenced by numerous Roman buildings that also stand right this moment.

In a world more and more dedicated to discount of carbon emissions, the development business is actively looking for options to make the constructed setting extra sustainable. ‘Greening concrete’ and the decarbonisation of concrete has emerged as a serious purpose.

Concrete manufacturing is estimated to contribute as much as 8% of worldwide annual CO₂ emissions. UPSA’s PSA useful resource replaces roughly 40% of cement concrete manufacturing resulting in important carbon emissions financial savings. This allows governments and builders to assemble robust, sturdy buildings, deploying PSA, designed to final for hundreds of years slightly than many years, with the extra advantage of carbon credit as soon as accredited and verified by a chosen company. UPSA will market its PSA useful resource to shoppers for sustainably setting up, designing, constructing, and working initiatives to minimise environmental impacts whereas maximising long-term structural advantages.

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Essential Discover

Neither the content material of the Firm’s web site nor any web site accessible by hyperlinks on the Firm’s web site is integrated in, or kinds a part of, this announcement.

This announcement incorporates statements which might be, or could also be deemed to be, “forward-looking statements”. These forward-looking statements will be recognized by means of phrases comparable to “will”, “count on”, “may”, “consider”, “intend”, “ought to” and phrases of comparable which means. All statements aside from statements of historic information included on this announcement, together with these concerning the Firm’s technique, plans and goals and the anticipated Transaction are forward-looking statements. These statements will not be truth and readers are cautioned to not place undue reliance on such statements. Ahead-looking statements contain a variety of identified and unknown dangers, uncertainties and different components, lots of that are tough to foretell and customarily past the management of the Firm and so might not happen. These forward-looking statements converse solely as of the date of this announcement. Atlas Metals expressly disclaims any obligation or enterprise to replace or revise any forward-looking assertion (besides to the extent legally required).

Strand Hanson Restricted (“Strand Hanson“), which is authorised and controlled in the UK by the FCA, is appearing solely for the Firm as Sponsor and nobody else in reference to the Transaction and it’ll not regard every other individual as a consumer in relation to the Transaction and won’t be accountable to anybody aside from the Firm for offering the protections afforded to its shoppers or for offering recommendation in relation to the Transaction or every other transaction, matter, or association referred to on this announcement.

This announcement has been issued by, and is the only accountability of, the Firm. No illustration or guarantee, specific or implied, is or will likely be made as to, or in relation to, and no accountability or legal responsibility is or will likely be accepted by Strand Hanson or by any of its associates, companions, administrators, officers, staff, advisers or brokers as to or in relation to, the accuracy or completeness of this announcement or every other written or oral info made out there to or publicly out there to any occasion or its advisers, and any legal responsibility subsequently is expressly disclaimed.

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