Announcement • May 12
Atlas Metals Group plc, Annual General Meeting, Jun 03, 2026 Atlas Metals Group plc, Annual General Meeting, Jun 03, 2026. Location: the offices of orrick, herrington and sutcliffe uk llp, 107 cheapside, ec2v 6dn, london United Kingdom New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Negative equity (-UK£5.0m). Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (165% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£2.61m market cap, or US$3.52m). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Announcement • Mar 05
Atlas Metals Group plc announced that it expects to receive £2.375 million in funding from Yorkville Advisors Global LP Atlas Metals Group plc announced a private placement and entered into an agreement with A II PN Ltd, an institutional investor managed by Yorkville Advisors Global, LP for a convertible loan of £2,500,000 on March 5, 2026. The Funding Facility is made up of two convertible loans, a first loan of £500,000 and a second loan of up to £2,000,000. The First Loan is expected to be provided to the Company following satisfaction of certain customary conditions precedent and will be advanced net of fees and a 5% original issue discount on satisfaction of those conditions for payment. The Lender may, at any time for so long as any amount is outstanding under the Funding Facility, elect to convert amounts outstanding under the Loans into new ordinary shares in the Company at a conversion price equal to 120% of the closing price of the Ordinary Shares on the trading day immediately prior to the Completion Date. Conversion is subject to certain customary scaling-back provisions, which prevent the Lender from holding more than 29.99% of the Company upon conversion. The First Loan has a maturity of 104 days from the Completion Date and will be repaid by way of monthly amortization over that period, unless the Lender has exercised its conversion rights under the Funding Facility. The First Loan carries interest at 5% per annum, accruing from the Completion Date and calculated on a daily basis. The Second Loan of up to £2,000,000 will be available for drawdown subject to the satisfaction of certain conditions. These conditions include the Company having made two consecutive monthly repayments in respect of the First Loan, a minimum median average daily trading value of £50,000 over the preceding 60 trading days, and the closing price of the Ordinary Shares being above the Conversion Price. The Second Loan will be subject to deductions comprising a 5% original issue discount, a 1% commitment fee, and an amount to repay any outstanding balance of the First Loan. Repayment of the Second Loan will be by way of monthly amortization over a period of approximately 11 months, commencing 60 days after drawdown, unless the Lender has previously exercised its conversion rights. The Second Loan carries interest at 5% per annum accruing from the date that the Second Loan is drawn down by the Company and calculated on a daily basis. Pursuant to the Funding Facility, the Company has entered into the Warrant Agreement with the Lender, pursuant to which the Company will issue to the Lender warrants equal to 25% of each monthly amortization payment amount ("Warrants"), with an exercise price equal to 115% of the closing price of the Ordinary Shares on the date that the First Loan is provided to the Company. The Warrants will expire three years after issue. The Company may require the Warrants to be exercised if the Ordinary Shares trade at least 30% above the warrant exercise price for 20 consecutive trading days. The aggregate subscription price payable on exercise of the Warrants may be set off by the Lender against the outstanding balance of the Loans. Announcement • Feb 11
Atlas Metals Group plc Provides an Update on the Company's Interest in the Kamushanovskoye Uranium Deposit Atlas Metals provided an update on the Company's interest in the Kamushanovskoye uranium deposit, located in northern Kyrgyzstan, 48km northeast of the capital of the Kyrgyz Republic, Bishkek. The Project is owned by International Mining Company Invest Inc. and currently Atlas Metals has a 10% interest in IMC. At the time Atlas Metals invested in the Project in 2018, the in-situ value of contained uranium totalled USD 151 million at a uranium price of USD 27-28/lb. Over the last six months, the uranium price has reached USD 80-85/lb, placing a value of approximately USD 700 million on the contained resources. The Project has been under exploration since 2011 and the State Reserve Committee of Kyrgyzstan granted an application for a mining licence in January 2019 for 3,371.1 tonnes of uranium reserves (8.731 million lbs U3O8). This provides an in-situ value of approximately USD 700 million at a uranium price of USD 80-85/lb. In May 2019, the Kyrgyz parliament voted to ban uranium mining in the country and the Mining Licence was cancelled without any compensation. IMC contested this action and appealed the decision under international arbitration. Hearings were held in 2024-25 and a decision is in process (case ICSID ARB/22/25). The Parliament of Kyrgyzstan approved a bill lifting the ban on prospecting, exploration, development and mining of uranium and thorium in the Kyrgyz Republic in June 2024. As part of the work completed since the grant of the Mining Licence and to support IMC's case at arbitration, a detailed review and assessment of the Project took place and was completed in 2024. The review was completed by Dr Mike Armitage, BSc, MIMMM, FGS, CEng, CGeol and confirmed both the potential viability of the extraction method as well as the resource estimate approved by GKZ. The deposit is uranium oxide hosted in peat soils at depths from surface down to a maximum of 14 metres. Testwork on site of in-situ recovery confirmed good extraction of uranium using sodium carbonate as the leaching solution. In-situ recovery comprises the injection of the leaching solution into the site and recovering the pregnant solution using shallow pump wells. The pregnant solution can be enhanced on site to a product than can be shipped for final processing. Due to the shallow depths and simple technology, the operating and capital costs are low. Discussions are underway with possible development partners and the Kyrgyz government to find a satisfactory conclusion for all parties. Announcement • Feb 04
Atlas Metals Group plc has filed a Follow-on Equity Offering. Atlas Metals Group plc has filed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Transaction Features: At the Market Offering New Risk • Dec 21
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 63% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£1.3m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Negative equity (-UK£5.0m). Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (63% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£2.83m market cap, or US$3.79m). Announcement • Jun 19
Universal Pozzolanic Silica Alumina Ltd signed a non-binding Letter of Intent to acquire Atlas Metals Group plc (LSE:AMG) in a reverse merger transaction. Universal Pozzolanic Silica Alumina Ltd signed a non-binding Letter of Intent to acquire Atlas Metals Group plc (LSE:AMG) in a reverse merger transaction on June 16, 2025. The acquisition of UPSA by Atlas, if completed, would result in the Company's shareholders having a minority interest in the enlarged group and would constitute a 'reverse takeover' under the UK Listing Rules of the Financial Conduct Authority ("UKLRs"; "FCA") as it would exceed 100% on the relevant 'class tests' set out in the UKLRs and will result in a change of the Atlas Board and voting control of Atlas.
The transaction is subject to completion of legal and financial due diligence, regulatory approvals and the execution of a definitive share sale and purchase agreement by Atlas with UPSA Shareholders, approvals by Atlas Shareholders at a general meeting and publication of a prospectus and agreeing the eligibility in respect of the Enlarged Group (both subject to the FCA approval) and admission of the Enlarged Group to listing on the 'equity shares (commercial companies)' segment of the FCA's Official List and to trading on the main market for listed securities of London Stock Exchange plc. New Risk • Jun 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 27% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£1.5m free cash flow). Share price has been highly volatile over the past 3 months (27% average weekly change). Negative equity (-UK£4.3m). Earnings have declined by 21% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (UK£2.66m market cap, or US$3.57m). Announcement • May 23
Atlas Metals Group plc, Annual General Meeting, Jun 17, 2025 Atlas Metals Group plc, Annual General Meeting, Jun 17, 2025. Location: the offices of orrick, herrington, sutcliffe uk llp, 107 cheapside, ec2v 6dn, london United Kingdom Announcement • May 02
Atlas Metals Group plc Appoints Thomas Griffiths as Non-Executive Director, Effective May 1, 2025 Atlas Metalsis announced the appointment of Thomas Griffiths as a Non-Executive Director of the Company with effect from 1 May 2025. Thomas Griffiths is an experienced company executive and adviser with a strong track record as a director across a range of ventures. With significant expertise in mining research and investment, Thomas brings commercial insight and strategic direction to complex industry environments. Thomas is the founder and a Director of Griffiths Capital, a strategic investment and advisory firm with a diversified portfolio across AI and mining. Thomas has led several successful buyout processes and continues to oversee strategic direction and due diligence across its investments. He is also the founder and a Director of Long-term Teachers, one of the UK's fastest-growing education recruitment companies. In addition to his operational roles, he also served as Chairman of Mackintosh LTC, where his turnaround leadership transformed the club into an award-winning national facility. New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Negative equity (-UK£2.3m). Earnings have declined by 22% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (UK£1.22m market cap, or US$1.62m). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Shareholders have been diluted in the past year (20% increase in shares outstanding). Announcement • Nov 21
MetalNRG plc announced that it has received £0.475 million in funding MetalNRG plc announced a private placement that it has raised £475,000 via the issue of convertible loan notes on November 20, 2024. The CLNs carry a 15% per annum coupon and are convertible into new ordinary shares in the Company, at a 20% discount to the prevailing share price. Announcement • Aug 06
MetalNRG plc announced that it has received £0.244 million in funding MetalNRG plc announced a private placement of convertible loan notes for gross proceeds of £244,000 on August 6, 2024. The notes carry a 15% per annum coupon and are convertible into new ordinary shares in the company. Announcement • Jun 18
MetalNRG plc Announces Update on Kyrgyzstan Uranium Project MetalNRG plc announced that the Parliament of Kyrgyzstan has approved a bill lifting the ban on prospecting, exploration, development and mining uranium and thorium in the Kyrgyz Republic. MetalNRGhas a significant interest in the Kamushanovskoye Uranium Deposit, a uranium clean up project in the Kyrgyz Republic, with low CAPEX requirements (the "Project"). The Project is currently owned by International Mining Company Invest Inc. ("IMC). MetalNRG holds a 9.9% stake in IMC, with an option to increase that interest. The valueof MetalNRG's stake in IMC was fully impaired in 2022, and is held at zero value, due to the prohibition on uranium mining in the Kyrgyz Republic. This valuation will be reviewed in due course. Project Highlights: The Project is in the Kamushanov community, Sokuluksky District, Chuy Province, 48km from Bishkek the capital city of the Kyrgyz Republic; The State Reserve Committee of Kyrgyzstan had previously granted an application for a mining licence in January 2019 (the "Mining Licence") for 3,371.1 tonnes uranium reserves (8.731 million lbs uranium 308) which had an in-situ value of approximately US$253.1 million at uranium spot prices on that date. The uranium price has since increased fourfold from approximately $22/lb to approximately $86/lb; The Project offers a potential exploration upside of an additional 2.58 million lb of uranium from a partially explored zone (subject to being brought into a compliant resource), plus as yet untested prospective ground; The Project was intended to be developed on an In-Situ Recovery ("ISR") basis providing for lower initial capital outlay and operating cost of production. The pilot using this technique was completed and reported on in the Competent Persons Report ("CPR") carried out during the Company's due diligence of the Project in 2019. Infrastructure around the Project includes road access, together with electricity and water supplies; There were three uranium refineries within 550km of the Project before the ban was imposed, the closest being at Kara Balta, 60km away, demonstrating that the region was familiar with development of uranium production opportunities. There will be a need to establish the current state of these refineries before decisions can be made on how and if to progress the Project; MetalNRG's internally estimated NPV of the Project is approximately $250 million (based on current prices of $91/lb for U3O8). The figure is subject to revision after the reversal of the uranium ban comes into force; Based on the previously completed CPR and internal assessment, the estimated initial costs to complete the build-up of the operations, CAPEX/OPEX, is around $11 million. Further validation of this figure will be required to determine the best way forward; MetalNRG's Board will be reviewing the Project to determine the most appropriate way to progress this opportunity. Announcement • Jun 08
MetalNRG plc, Annual General Meeting, Jun 28, 2024 MetalNRG plc, Annual General Meeting, Jun 28, 2024. Location: the offices of orrick, herrington and sutcliffe uk llp, 107 cheapside, ec2v 6dn, london United Kingdom New Risk • May 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Negative equity (-UK£1.2m). Earnings have declined by 27% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (UK£2.07m market cap, or US$2.64m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). Announcement • May 10
MetalNRG plc has completed a Follow-on Equity Offering in the amount of £2.463409 million. MetalNRG plc has completed a Follow-on Equity Offering in the amount of £2.463409 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 246,340,853
Price\Range: £0.01
Security Features: Attached Warrants
Transaction Features: Subsequent Direct Listing New Risk • Apr 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Negative equity (-UK£312k). Earnings have declined by 38% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (UK£893.0k market cap, or US$1.11m). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). New Risk • Oct 05
New major risk - Negative shareholders equity The company has negative equity. Total equity: -UK£312k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Negative equity (-UK£312k). Earnings have declined by 38% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (UK£769.8k market cap, or US$935.4k). Minor Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Buying Opportunity • Jul 31
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be UK£0.00081, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 68% over the last 3 years. Earnings per share has grown by 14%. Buying Opportunity • Jul 13
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 6.9%. The fair value is estimated to be UK£0.00085, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 68% over the last 3 years. Earnings per share has grown by 14%. Board Change • Jul 10
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. No independent directors (3 non-independent directors). CEO & Director Rolf Gerritsen was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Jul 04
MetalNRG plc, Annual General Meeting, Jul 28, 2023 MetalNRG plc, Annual General Meeting, Jul 28, 2023, at 11:00 Coordinated Universal Time. Announcement • May 06
MetalNRG plc Provides Update on Goldridge Arizona MetalNRG plc ("MetalNRG" or the "Company") announces that its consultants, Burges Mining Consultants, will be on site for the Phase 2 geochemical campaign at its Gold Ridge Gold mine property in Arizona, following the very encouraging results from phase 1 that paved a pathway to further exploration work which is now progressing. The results from phase 1 showed the largest gold anomalies were found in historical areas mined for gold; however, a secondary zone of gold anomalies was found in an area previously unexplored and a new linear zone of gold mineralization was delineated in the Southern Precambrian block. The Company will now complete further Soil Geochemistry sampling on the remaining untested areas. The Company's strategy, following results from phase 1 which confirmed MetalNRG's belief that there is a real possibility of a larger un-discovered gold/base metal system at Gold Ridge; is to more fully understand the interconnectivity of the geological system which is likely to control the previously producing gold mines in the area and progress work towards a drilling program. MetalNRG now plans to complete 400 additional geochemical samples in phase 2. The laboratory analysis will be conducted for Gold, Silver and 49 other elements by ALS Chemex. The Company is keen to further develop its plan and work towards identifying drilling targets. Following the work on site, the Company will inform the market of results once the laboratory has completed their analyses, which anticipate will be towards the end of June or the beginning of July. Announcement • Jan 04
MetalNRG plc Provides Legal Proceedings Update MetalNRG plc announced that immediately prior to the deadline for his to file evidence in support of his unfair prejudice petition, Mr. Rocco instead, on 23 December 2022, discontinued his claim against the Company and its Directors. Mr. Rocco had brought a claim against the Company and the Directors, in a personal capacity, claiming unfair prejudice towards him. Specifically, Mr. Rocco (the Petitioner) commenced proceedings against MetalNRG, Mr. Rolf Gerritsen, Mr. Christopher Latilla-Campbell, and Mr. Christian Schaffalitzky De Muckadell claiming, in summary, that: recent actions by the Company to rescind certain transactions with Mr. Rocco (which recession was recently upheld by the High Court) were performed on a false and misleading premise and the individual Respondents agreed to pay Mr. Gerritsen remuneration that was excessive. The Company and the Directors had claimed that the petition be struck out on the basis that: the Petitioner had no real prospects of succeeding on the claims against the Respondents; there is no other compelling reason why the case should be disposed of at trial; and/or to strike out the Petition on the basis that it discloses no reasonable grounds for bringing the claim and should be struck out in its entirety. On 23 December 2022, the Company and the Directors entered into a consent order with Mr. Rocco which has now been sealed by the Court, and provides for Mr. Rocco's action to be withdrawn, with him to bear the Company's and the Director's reasonable costs, to be assessed by the Court if not agreed. Mr. Rocco has already paid £20,000 in part satisfaction of this obligation. Announcement • Dec 21
MetalNRG plc Provides Litigation Update MetalNRG plc announced that further to an application for permission to appeal made by BritEnergy Holdings LLP and BritNRG Ltd, the first and third defendants (together the "Defendants"), against the summary judgement awarded to MetalNRG, in its action for recission of certain contracts and restitution, Mr. Justice Leach made an order (the "Order") denying the application made by the Defendants for leave to appeal the substantive judgement of ICC Judge Kyriakides. All five "grounds" for appeal were dismissed on the basis of no real prospects of success. The current "stay of execution" (the "Stay") has been extended for a period of seven days from the receipt of the Order of Mr. Justice Leach. If the Defendants do not apply to renew the application for permission to appeal against the judgment, the Stay will be automatically discharged and MetalNRG will be at liberty to withdraw the sum of £545,000 from Court (which was paid in by the Defendants in lieu of making payment to MetalNRG under the terms of the original judgement of ICC Judge Kyriakides). Mr. Justice Leach did allow leave to appeal on the narrow issue of the legal costs awarded to MetalNRG after 13 September 2022. No timetable is yet set for the substantive hearing of this issue. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. No independent directors (3 non-independent directors). CEO & Director Rolf Gerritsen was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • May 19
Metalnrg plc Completed Its Phase I Geochemical Campaign At Its Gold Ridge Gold Mine Property in Arizona MetalNRG plc announces that it has completed its Phase I geochemical campaign at its Gold Ridge Gold mine property in Arizona with very encouraging results that pave a pathway to further exploration work to be focussed and planned. MetalNRG has completed just under 600 (Phase I) of the 1,000 geochemical samples planned. The laboratory analysis was conducted for Gold, Silver and 49 other elements by ALS Chemex. The gold anomalies were found in historical areas mined for gold; however, a secondary zone of gold anomalies was found in an area previously unexplored and delineates a new linear zone of gold mineralization in the Southern Precambrian block. All sample results to date show: · Gold above 25ppb = 14%, Silver above 0.3ppm = 38%, Lead above 35ppm = 47%, Copper above 35 ppm = 40%, Zinc above 115 ppm = 33%. Announcement • May 02
MetalNRG plc, Annual General Meeting, Jun 20, 2022 MetalNRG plc, Annual General Meeting, Jun 20, 2022. Agenda: To consider re-election of the Directors. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. No independent directors (3 non-independent directors). CEO & Director Rolf Gerritsen was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Feb 03
MetalNRG plc announced that it expects to receive £0.2 million in funding from Octagonal Plc MetalNRG plc announced that it will issue convertible loan notes for gross proceeds of £200,000 on February 2, 2022. The transaction will include participation from Octagonal Plc. The notes are fixed rate, unsecured loan notes carrying a simple, non-compounding interest rate of 10% per annum. The notes are repayable, if not previously converted, on the applicable maturity date. The maturity date will be the date falling 6 months after the date of execution of the notes or the date of the first material equity fund raising by the company following the date of execution of the notes. The conversion price will be equal to nominal value of its shares. Announcement • Nov 22
MetalNRG Announces an Update on Its Arizona Based Gold Project, Goldridge MetalNRG announced an update on its Arizona based Gold project, GoldRidge. Following on from previous announcement, regarding GoldRidge on 6th September 2021, in which the company gave an overview of work completed, Bart Stryhas Phd CPG, the Company's Senior Geologist, has made solid progress on the project. In preparation for site work in fourth quarter, MetalNRG's project team has acquired 35 new additional and extremely relevant, public domain documents describing historic mining operations and geologic descriptions of several previously un-recorded mines located within the ownership of the GoldRidge property. This new information hosts a large portion of the data and information that planned site work was originally designed to obtain and, as a result, the company is now able to accelerate to the next phase of work. Announcement • Sep 08
MetalNRG plc Provides GoldRidge Gold Project Update MetalNRG plc provided an update on progress made at its 100% owned GoldRidge Gold Project in Arizona following ths announcement made on 19th May 2021 in which it explained that an initial programme of data compilation was essential to recover and assimilate the substantial number of maps and quantity of digital and paper files into a useable archive. This work has now been completed within budget and the timeframes set. Following the completion of the Company's Competent Persons Report updated by SRK USA, in May 2021, MetalNRG set out to further develop the GoldRidge property. The CPR pointed to larger than previously known opportunities at the project and specifically SRK believe that: Turn-key prospects to develop vein-hosted mineral resources from drilling are available, that the project offers great opportunities to discover satellite gold deposits worth pursuing as the exploration is low cost. The work completed gives a solid understanding of the history of the project, the potential it could offer and a clear pathway to add substantial value to the project. It has identified a number of areas that have shown, via its field work, that mineralisation is present but has never been explored in any detail. Announcement • May 19
MetalNRG plc Provides Gold Ridge Project Update MetalNRG plc announced an update on its Gold Ridge Project in Arizona following the completion of a site visit and a Competent Persons Report conducted by SRK Exploration Services (SRK) which is available on the Company's web site. SRK spent three days on site with the remit to prepare and update the Competent Person Report on the Gold Ridge project (dated 5th September 2018), as well as review the existing technical documentation, including the results of work undertaken since September 2018. In addition, following the site visit on Gold Ridge, SRK were to recommend follow up field work requirements. Following this site visit, SRK have now put forward their conclusions and recommendations. SRK considers that the mapping and sampling conducted to date supports the concept that the Gold Ridge Project has the potential for the discovery of further, minable gold mineralisation and that an initial two stage programme of follow up work is warranted. The recent site visit has identified significant differences between quartz vein geometries and orientation within each of the major tectonic blocks. Further structural mapping, both at surface and underground, should help define the structural history of the project area and its controls on gold mineralisation which will direct follow up areas for grid soil geochemical surveys and ground geophysics targeting blind orebodies as well as potential for larger zones of disseminated mineralisation. SRK further consider that an initial programme of data compilation is essential to recover and assimilate the substantial number of maps and quantity of digital and paper files into a useable archive. This will allow the integration of historic sampling and drilling results with the recommended structural mapping and analysis. Announcement • Jan 16
MetalNRG plc (LSE:MNRG) completed the acquisition of Sunswept Enterprises Limited. MetalNRG plc (LSE:MNRG) agreed to acquire Sunswept Enterprises Limited for £1.9 million on October 9, 2020. The transaction is subject to certain conditions including confirmation of no objection to the change of control of Sunswept from the UK Oil and Gas Authority. As of January 15, 2021, the confirmation of no objection to the change of control of Sunswept from the UK Oil and Gas Authority is received. The transaction is expected to close in the following weeks. Following completion of the acquisition and at current modest production, Sunswept is expected to be net cashflow positive at circa $43 bbls/day which represents the current market level.
MetalNRG plc (LSE:MNRG) completed the acquisition of Sunswept Enterprises Limited on January 15, 2021. Announcement • Oct 11
MetalNRG plc (LSE:MNRG) agreed to acquire Sunswept Enterprises Limited for £1.9 million. MetalNRG plc (LSE:MNRG) agreed to acquire Sunswept Enterprises Limited for £1.9 million on September 9, 2020. The transaction is subject to certain conditions including confirmation of no objection to the change of control of Sunswept from the UK Oil and Gas Authority. The transaction is expected to close in the following weeks. Following completion of the acquisition and at current modest production, Sunswept is expected to be net cashflow positive at circa $43 bbls/day which represents the current market level.