Business
Replacement: Acquisition of Tau-Cen
Caspian Sunrise plc has acquired Tau-Cen LLP for $0.7 million, comprising $0.35 million in cash and $0.35 million through the issuance of 5,223,881 shares at 5p each, increasing the total shares in issue to 2,361,529,923. This acquisition marks the company's entry into the minerals sector, focusing on titanium, zirconium, gold, and rare earth elements across 235.8 sq km in Kazakhstan. Tau-Cen reported a loss of approximately £9,000 in the last twelve months. The Oraziman Family Concert Party's aggregate shareholding will increase to 1,195,619,759 shares, representing 50.63% of the enlarged share capital. Disclaimer*
About this update from Caspian Sunrise Plc
[{"type":"text","content":"\n\n \nThe following amendment has been made to the \"Acquisition of Tau-Cen\" announcement released on 22 December 2025 at 7:00 under RNS No 3555M.\n \nThe number of shares in issue following the issue of the Acquisition Shares was amended from 2,460,736,272 to 2,361,529,923.\n \nThe full amended text is shown below.\n \nThe information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the \"UK MAR\") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\n \n \nCaspian Sunrise PLC\n(\"Caspian Sunrise\" or the \"Company\" and together with its subsidiaries, the \"Group\")\n \nAcquisition of Tau-Cen\n \nIntroduction\nThe Board of Caspian Sunrise is pleased to announce the acquisition of Tau-Cen LLP, (Tau-Cen) a Kazakh registered limited liability partnership, which represents the Group's first non oil and gas minerals investment.\n \nThe principal minerals of interest at Tau-Cen are titanium, zirconium and gold. Additionally,\nrare earth elements (REE) are bound within the zirconium concentrate in associated monazite and xenotime.\n \nBackground\nThe Tau-Cen asset is located in the Pavlodar region approximately 110 km from the city of Ekibastuz, in northeast Kazakhstan, an industrially developed area with established mining, metallurgical, and chemical industries.\n \nHistory\nThe Tau-Cen asset was first explored during the Soviet era when more than 180 drill holes were drilled with an average depth of 7 meters and a maximum depth of 20 meters where an average thickness of 2.6 meters of mineral enrichment was found. At that time beryllium and the rare earth metals scandium were also detected.\n \nPrincipal mineral targets\nTau-Cen management will target titanium oxide, zirconium (and associated REE) and gold deposits.\n \nRare earth metals\nRare earth metals are bound within the zirconium concentrate and are associated with inclusions of monazite and xenotime.\n \nThe concentration ...