Issue of New Ordinary Shares & Total Voting Rights

Atlas Metals Group PLC

26 May 2026

 

26 May 2026

Atlas Metals Group plc

("Atlas Metals" or the "Company")

Issue of New Ordinary Shares & Total Voting Rights

Atlas Metals (LSE: AMG), the natural resources and energy company, announces that it has received a conversion notice from YA II PN Ltd, an institutional investor managed by Yorkville Advisors Global, LP ("Lender" or "Yorkville") under the convertible loan agreement ("Funding Facility") previously announced by the Company on 5 March 2026. Atlas further announces that it will additionally issue further ordinary shares of nominal value £0.01 each ("Ordinary Shares") pursuant to the Company's "at-the-market" facility with Axis Capital Markets Limited ("Axis"; the "At-the-Market Facility").

Funding Facility conversion

The Company has received a conversion notice from the Lender pursuant to the Funding Facility to convert £86,780.82 of the outstanding principal and accrued interest under the second loan of up to £2.0 million, as announced on 5 March 2026, into new Ordinary Shares at a price of 7.80 pence per Ordinary Share. Accordingly, the Lender will be issued with 1,112,574 new Ordinary Shares ("Conversion Shares").

At-the-Market Facility issue

In addition to the issue of the Conversion Shares, the Company further announces that 2,255,820 new Ordinary Shares ("ATM Shares", together with the Conversion Shares the "New Shares") will be issued at an average price of 8.795 pence per ATM Share, in connection with the At-the-Market Facility. As announced by the Company on 5 March 2026 all proceeds from the At-the-Market Facility will go towards repayment of the Funding Facility. All Ordinary Shares previously issued pursuant to the At-the-Market Facility have been placed and Axis currently holds no Ordinary Shares.

Chris Chadwick, Chief Executive Officer of Atlas Metals, commented:

"We are grateful to the continued support from Yorkville and the confidence they have demonstrated in Atlas Metals and our strategy through their conversion. The Company remains focused on completing the transformative acquisition of Universal Pozzolanic Silica Alumina Ltd and I look forward to providing further updates in due course as matters progress."

Admission and total voting rights

Application has been made to London Stock Exchange plc ("London Stock Exchange") for the admission of 3,368,394 New Shares to be admitted to trading on the main market for listed securities of London Stock Exchange ("Admission").  Admission is expected to occur on or around 27 May 2026. When issued, the New Shares will be fully paid and will rank pari passu in all respects with each other and with the existing Ordinary Shares of the Company.

Following Admission, the Company's issued ordinary share capital will comprise 42,549,821 Ordinary Shares, each carrying one vote. The Company does not hold any Ordinary Shares in treasury. The total number of voting rights in the Company following Admission will therefore be 42,549,821. With effect from Admission, this figure may be used by shareholders as the denominator for the calculations by which they determine whether they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

For further information, please contact:

Atlas Metals Group plc:
Christopher Chadwick	[phone]
Strand Hanson - Financial Adviser and Sponsor:
Rory Murphy	[phone]
Abigail Wennington	[phone]
Edward Foulkes	[phone]
S I Capital Limited - Broker:
Nick Emerson	[phone]
CMC Markets - Joint Broker:
Douglas Crippen	[phone]
Axis Capital Markets Limited - Joint Broker:
Richard Hutchison	[phone]
IFC Advisory Limited - Financial PR and IR:
Tim Metcalfe	[phone]
Florence Staton	[phone]

 

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