Ironveld PlcLSE: IRON

FCF Acquisition Update

Ironveld Plc

("Ironveld" or the "Company")

FCF Acquisition Update

Update on Closing of Acquisition of Ferrochrome Furnaces (Pty) Limited ("FCF")

Further to the announcement dated 9 December 2022 Ironveld can now confirm that all material underlying agreements required by the Debt Purchase Agreement and Share Purchase Agreement have now been agreed and signed. 

The timing of the transaction completion has had no effect on the Company's operations, which continue to progress as planned.

For further information, please contact:

Ironveld plc

Martin Eales, Chief Executive Officer

c/o BlytheRay

020 7138 3204

finnCap (Nomad and Broker)

Christopher Raggett

Charlie Beeson

020 7220 0500

Turner Pope (Joint Broker)

Andy Thacker

James Pope

020 3657 0050

BlytheRay

Megan Ray

Tim Blythe

020 7138 3204

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.