amsterdam, 22 march 2023 (Regulated Information) — AMG Advanced Metallurgical Group NV (“AMG”, EURONEXT AMSTERDAM: “AMG”) is pleased to announce that it has agreed with Zinnwald Lithium Plc (“Zinnwald”) (ZNWD, AIM) to issue up to 124 million newly issued common shares draw as cornerstones of Zinnwald’s accelerated book construction. The shares will be subscribed at a 10% premium to the 20 day volume weighted average price (‘VWAP’) at the close of trading on 20 March 2023, ie at 10.41p per share. Upon approval of the newly issued common stock, expected on March 29, AMG will become a 25% shareholder of Zinnwald.

dr Heinz Schimmelbusch, CEO of AMG, commented: “AMG’s investment in Zinnwald is a valuable strategic opportunity. As a partner of Zinnwald, we will jointly carry out a definitive feasibility study for your project in East Germany. Establishing a raw materials base in Germany close to our Bitterfeld operations has obvious logistical and strategic advantages for AMG and we look forward to working with Zinnwald on this exciting project.”

This press release contains insider information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

This press release contains regulated information within the meaning of the Financial Markets Authority Act (Wet op het financieel toezicht).

Around tin forest

Zinnwald is an AIM-listed lithium development company focused on becoming a key supplier to Europe’s fast-growing battery sector. The Company owns the integrated Zinnwald Lithium Project in Germany, a development stage project with attractive economics and an approved mining license. A PEA released in September 2022 highlighted the project’s positive economics, with a pre-tax NPV8 of $1,605 million, an IRR of 39.0%, EBITDA of $192 million and a payback of just 3.3 years . Located in the heart of Europe’s chemical and automotive industries, the project has the potential to become one of the most advanced battery quality…