Business
ATM Facility, Share Issues and TVR Update
Atlas Metals Group PLC has established an at-the-market facility with Axis Capital Markets Limited, allowing for the issuance of up to £10 million in ordinary shares to support working capital, settle creditor obligations, and fund its proposed acquisition of Universal Pozzolanic Silica Alumina Ltd. The company has already issued 720,820 new ordinary shares at par value, representing approximately 2.99% of its issued share capital, with net proceeds expected to be around 96.5% of gross sale proceeds after fees. Additionally, Atlas Metals announced the exercise of warrants for 631,578 new ordinary shares at 10 pence each and the conversion of £387,550 of convertible loan notes into 3,664,923 new ordinary shares at 10.52 pence each. Following the admission of these 5,017,321 new shares on or around February 5, 2026, the company's total issued ordinary share capital will be 29,124,930, with each share carrying one vote. Disclaimer*
About this update from Atlas Metals Group Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT (\"ANNOUNCEMENT\") AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, ITS STATES, TERRITORIES AND POSSESSIONS, AUSTRALIA, CANADA, JAPAN, SINGAPORE, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE PROHIBITED BY ANY APPLICABLE LAW.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) (\"UK MAR\"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n4 February 2026\n \nAtlas Metals Group plc\n(\"Atlas Metals\" or the \"Company\")\n \nEntry into at-the-market facility, issue of new Ordinary Shares, exercise of warrants, total voting rights\n \nAtlas Metals (LSE: AMG), the natural resources and energy company, announces that, further to the Company's circular dated 5 November 2025 (\"Circular\") and the authorities approved by shareholders of the Company at the general meeting held on 1 December 2025 (\"General Meeting\") that it has entered into and established an \"at-the-market\" facility with Axis Capital Markets Limited (\"Axis\"; \"At-the-Market Facility\"), of up to £10 million.\n \nThe At-the-Market Facility forms part of the funding arrangements approved by shareholders at the General Meeting to support the Company's working capital requirements, meet certain historic creditor obligations and fund costs associated with progressing the Company's proposed acquisition of Universal Pozzolanic Silica Alumina Ltd (\"UPSA\"), which constitutes a reverse takeover pursuant to the listing rules of the Financial Conduct Authority (the \"Proposed Acquisition\").\n \nUnder the At-the-Market Facility, the Company will issue ordinary shares of nominal value £0.01 in the capital of the Company (\"ATM Shares\") to an FCA-regulated custodian appointed by Axis (\"Custodian\"), to be allotted and issued in tranches by mutual agreement between the Company and Axis (each an \"ATM Tranche\"). When issued, the ATM Shares will be fully paid and ...